Water injection and the transport of produced fluids are some of the main energy consumers in offshore production. Researchers at SINTEF point to the need for a balanced approach to optimizing energy efficiency.The handling of produced fluids, a mixture of oil, water, and gas, is essentially a huge waste of energy.Water production is primarily caused by channeling and uneven drainage along the wellbore resulting from mobility contrasts within the reservoir…
While challenges linger from the 2025 offshore rig market, there are signs it will look brighter from late 2026 onwards.Main Events of 2025One of the biggest talking points of 2024 and 2025 was Saudi Aramco’s suspension of 36 jackups from April 2024…
India is seeking over $30 billion in compensation from Reliance Industries and BP in an arbitration case for gas it says the companies failed to produce from offshore fields, according to three people with knowledge of the matter.A tribunal…
China's state-owned oil and gas firm China National Offshore Oil Corporation (CNOOC) has brought the Xijiang Oilfields 24 Block Development Project on stream in the shallow waters of the Pearl River Mouth Basin, marking the start of production at the offshore project…
North Sea-focussed oil producer EnQuest said on Wednesday it expects to meet or exceed the upper end of its 2025 output forecast of 40,000–45,000 barrels of oil equivalent per day (boepd) as it steps up expansion in Southeast Asia.The company…
China's state-owned oil and gas firm China National Offshore Oil Corporation (CNOOC) has started production from the Weizhou 11-4 oilfield adjustment and satellite fields development project in South China Sea.The project is located in the Beibu Gulf Basin…
The Middle East continues to stand out as one of the most active regions for offshore support vessel activity, underpinned by the strategic expansion plans of national oil companies (NOCs) to boost offshore oil and gas production. A series of…
ABL has received an award of work order from Chevron Thailand Exploration and Production, Ltd., Chevron Offshore (Thailand) Ltd. and Chevron Pattani Limited to provide marine warranty survey (MWS) and third-party support services in connection…
OneSubsea, a joint venture backed by SLB, Aker Solutions, and Subsea7, has secured two sizeable engineering, procurement, and construction (EPC) contracts by PTT Exploration and Production Public Company Limited (PTTEP) for two deepwater projects offshore Malaysia…
Donald Trump is putting more pressure on India to slash its Russian oil purchases. This could deprive Moscow of vital revenue, but it will mostly just push more Russian oil into an increasingly large shadow market.The U.S. president said on…
Vietsovpetro, the Vietnamese-Russian joint venture, has started commercial oil production from its BK-24 wellhead platform at the Bach Ho (White Tiger) oil field, more than two months ahead of schedule.On October 11, 2025, Vietsovpetro achieved…
The decline in output from mature global oil and gas fields is accelerating amid greater reliance on shale and deep offshore resources, the International Energy Agency said on Tuesday, meaning companies need to invest more just to keep output flat…
China's state-owned oil and gas firm China National Offshore Oil Corporation (CNOOC) has started production from the Wenchang 16-2 oil field development project in the northern part of South China Sea.The project is located in the western Pearl River Mouth Basin…
Norwegian oil and gas investments are expected to peak this year, and start declining next year as major projects are completed, a statistics office survey of industry players showed on Thursday.Norway produces about 2% of global oil, and became…
China's state-owned oil and gas firm China National Offshore Oil Corporation (CNOOC) has started production at a new gas field, located in the Yinggehai Basin, offshore China.The dongfang 1-1 gas field 13-3 Block development project is the first high-temperature…
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