Woodside Energy and Senegal’s national oil company Petrosen are discussing a potential second phase of development at the offshore Sangomar field that could unlock an additional 250 MMbbl of recoverable oil, according to comments highlighted this week by the African Energy Chamber (AEC). The expansion discussions come two years after Sangomar delivered first oil in June 2024, marking Senegal’s entry into […]
Alexander Nagelhout, managing director of Well Engineering Partners (WEP), and Blaise Kudatugu, CEO of Lubrimax Ghana, talk to The Energy Year about the Voltaian Basin’s hydrocarbons potential and the capabilities needed for Ghana to emerge as a leading frontier oil and gas market. Well Engineering Partners is a Dutch provider of well and drilling engineering, […]
Ukrainian drones have hit a Moscow oil refinery for the second time this week while Russia fired missiles at Kyiv, as President Volodymyr Zelenskyy seeks support from the United States and Europe to reach a deal to end the war. Russia’s Defence Ministry said on Thursday that its air defences shot down 555 Ukrainian drones […]
Germany may be getting cold feet about ending its oil reserve waiver. Berlin said this week it is considering extending a temporary reduction in national oil stockpiling requirements beyond the current August 31 deadline, even as markets celebrate the U.S.-Iran agreement and the expected reopening of the Strait of Hormuz. Officially, Germany insists there are […]
Tankers carrying a total of 80 million barrels of crude are preparing to move through the Strait of Hormuz after the signing of the preliminary deal between the United States and Iran, Bloomberg reported today, citing data from Vortexa. The crude is on 40 tankers, of which 21 will be heading for Asia, with five going to […]
Oil prices began to climb once again in early Asian trade on Friday due to uncertainty over the outcome of peace talks between the United States and Iran after Switzerland confirmed the talks had been postponed. At the time of writing, Brent crude had climbed back above $80 per barrel while West Texas Intermediate had risen to $76.28. Reuters reported on […]
Shipbuilder Hanwha Ocean has signed an MoU with Canadian infrastructure developer Kanata Clean to develop an FLNG export project in Prince Rupert, British Columbia, Argus reported on Wednesday. The proposed project is expected to have a capacity of up to 12 million tonnes per year (tpy) and will come at an estimated cost of USD […]
Bilfinger and Schneider Electric have successfully deployed an autonomous offshore buoy in the North Sea, demonstrating a new approach to powering and controlling remote subsea assets without the need for permanent offshore personnel or traditional umbilical connections. The Normally Unmanned Installation (NUI) buoy, developed for Buoyant Production Technologies (BPT), a subsidiary of Crondall Energy, completed 1,000 hours of […]
The Railroad Commission of Texas (RRC) is expanding its Delivering Oil and Gas Efficiently (DOGE) Task Force initiative as the agency moves forward with efforts to improve operational efficiency, modernize regulatory processes and enhance service for the state’s oil and gas industry. Texas Railroad Commissioner Wayne Christian announced the next phase of the initiative following a year-long review […]
DeepOcean has secured a contract from bp to support decommissioning and recycling activities at the Foinaven field, located West of Shetland on the UK Continental Shelf (UKCS). Under the agreement, DeepOcean will remove 10 flexible process risers, three dynamic subsea umbilicals and one static umbilical from the former Foinaven FPSO location. The scope also includes recovery of buoyancy modules, […]