Oil & Gas News

The Department of the Interior has suspended all activities related to the implementation of the Coastal Plain Oil and Gas Leasing Program in the Arctic National Wildlife Refuge pending completion of a comprehensive analysis under the National Environmental Policy Act (NEPA).

Odfjell has been awarded a drilling contract for its Deepsea Stavanger mobile rig, scheduled to start drilling in February 2022. The contract includes continuing options after the initial phase.

The discovery of the Magnus oilfield in 1974 catalysed a major leap for subsea controls systems. At the time, producing from satellite wells just a mere 5km away was the limit of what could be practically achieved with direct hydraulic controls.

As energy companies continue to access new geographies and resources, it is expected the majority of upcoming FPSO projects will be for the South American and African markets. Mammoet explores how ports and yards in these regions can ensure they are in the best position to serve this growing demand.

Subsea 7 announces the award of a very large(1) contract by Petrobras for the development of the Mero-3 field located approximately 200 kilometers off the coast of the state of Rio de Janeiro, Brazil, at 2,200 meters water depth in the pre-salt Santos basin.

The State of Exploration report is published at a time which may come to be seen as a watershed moment in the global energy industry.

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