Oil & Gas News

Shell Brasil Petróleo Ltda, a subsidiary of Royal Dutch Shell plc (“Shell”), and its bid consortium member Chevron Brasil Óleo & Gás Ltda (“Chevron”), have won a 35-year production sharing contract for the Saturno pre-salt block located off the coast of Brazil in the Santos Basin. Shell will pay its share of the total signing bonus for the block, equating to approximately USD $390 million [R$ 1,562 billion].

The crude oil production from the newly acquired 25 % interest in the Roncador oil field in Brazil will be lifted and transported by shuttle tankers. Equinor has now entered into time charter contracts for two newbuilt shuttle tanker with the shipowner Knutsen NYK Offshore Tankers AS (Knutsen). The tankers will be built at Hyundai Heavy Industries in South Korea.

Equinor has signed an agreement to acquire Chevron’s 40% operated interest in the Rosebank project, one of the largest undeveloped fields on the UK Continental Shelf (UKCS). Once concluded, the transaction will strengthen Equinor’s UK portfolio, which includes the Mariner development, attractive exploration opportunities and three producing offshore wind farms.

DNV GL Noble Denton marine services has released a new edition of the ST-N001 Marine operations and marine warranty standard, the industry’s most comprehensive standard for the warranty approval of marine operations, covering all different asset and operation types.

The Bureau of Safety and Environmental Enforcement (BSEE) today announced updated Oil and Gas Production Safety Systems regulations. BSEE’s revisions reduce unnecessary regulatory burdens while ensuring that operations remain safe and environmentally responsible. The Bureau’s efforts on regulatory reform encourage responsible energy exploration and production on the Outer Continental Shelf to maintain the Nation's position as a global energy leader.

Equinor has, together with partners ENI and Petoro, completed the appraisal well on the Cape Vulture discovery from 2017. The well confirms a volume potential of 50-70 million recoverable barrels of oil. The discovery more than doubles the remaining oil reserves to be produced through the Norne field.

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