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ADNOC, SeaOwl partner to design low-carbon ROV’s for offshore operations
According to World Oil, ADNOC Logistics & Services, the shipping and maritime logistics arm of ADNOC, has signed an agreement with SeaOwl for the design of unmanned Remotely Operated Vessels (ROV) capable of transporting vehicles, equipment, and supplies to and from offshore sites. The agreement was signed by Captain Abdulkareem Al Masabi, CEO of ADNOC
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Canacol Energy updates drilling, exploration operations for new gas discovery
According to World Oil, Canacol Energy Ltd. provided information concerning the new Lulo 1 gas discovery and near-term drilling plans. The Lulo 1 exploration well, located on the 100% operated VIM21 Exploration and Production (“E&P”) contract, encountered 207 feet of net gas pay within the Cienaga de Oro (“CDO”) sandstone reservoir. Lulo 1 was permanently
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Equinor: Production from Johan Sverdrup field reaches “record-high” production during capacity test
According to World Oil, a successful capacity test was performed, confirming that the Johan Sverdrup field can produce up to 755,000 bopd. During a capacity test at Johan Sverdrup, the field reached a record-high production level of 755,000 bopd. This equals six to seven percent of the daily European oil consumption. “This process capacity test
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Garrison Energy launches operations to explore oil and gas in Permian Basin
Garrison Energy, a US-based oil and gas exploration and production company, has announced the launch of its operations, according to a press release. Concurrently, the company has received a $500m equity investment from an unknown institutional investor, its management team, and employees. The Midland, Texas-based company aims to expand operations by acquiring assets in the
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Subsea7 wins a major subsea development contract worth over $750 million
According to World Oil, Subsea 7 S.A. announced the award of a major contract for a two-phase subsea development. The first phase has been recorded in the backlog of the Subsea and Conventional business unit in the second quarter of 2023. The second phase, expected in 2024, remains subject to sanction by the client. According
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LanzaTech and Adnoc partner to bring decarbonization solutions to the oil industry
According to Chemical Engineering, LanzaTech Global, Inc. has joined forces with Abu Dhabi National Oil Co. (ADNOC) to pioneer groundbreaking technology solutions to reduce the oil industry’s carbon footprint while simultaneously producing sustainable fuels and chemicals. LanzaTech’s carbon capture technology is centered around a revolutionary concept—using specially engineered bacteria to consume carbon-rich waste streams from
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BP Renews Agreement with Digital Twin Software Provider Aize for North Sea Assets
Digital twin software provider Aize and bp have agreed to extend their partnership to all five of bp’s North Sea oil and gas assets, according to a press release. Aize helps bp manage engineering and operational data, giving users a common digital view of the physical assets and consolidating information from internal and external sources
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AllianzGI to support shareholder resolution to reduce Chevron’s Scope 3 Greenhouse Gas Emissions
According to MarketScreener, Allianz Global Investors (AllianzGI), one of the world’s leading active investment managers, has announced today that it will support a shareholder resolution at the Chevron Annual General Meeting urging the company to extend its climate action plan to cover Scope 3 greenhouse gas (GHG) emissions of the use of its energy products
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Shelf Drilling secures drilling contract offshore Norway for $61 million
According to World Oil, Shelf Drilling, Ltd. announced that a subsidiary of Shelf Drilling (North Sea), Ltd. has secured an offshore drilling contract for the Shelf Drilling Barsk jack-up rig with Equinor for operations at the Sleipner Vest field, located in the Norwegian continental shelf. The firm term of the contract is two wells approximating
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ExxonMobil advances fifth oil development offshore Guyana
According to World Oil, ExxonMobil made a final investment decision for the Uaru development offshore Guyana after receiving the required government and regulatory approvals. The company expects Uaru, the fifth project on Guyana’s offshore Stabroek block, to add approximately 250,000 bbl of daily capacity after a targeted startup in 2026. The $12.7 billion Uaru project
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TotalEnergies and Rockwell Automation implement robot fleet management system for offshore platforms
According to World Oil, Rockwell Automation, Inc., the world’s largest company dedicated to industrial automation and digital transformation, it is working with TotalEnergies to implement a robot fleet management system, driving autonomous operations for its offshore platforms. The long-running project will reach a significant milestone with its first test on an offshore asset scheduled for
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Equinor, Norwegian airport regulator to deploy drones over North Sea oil and gas rigs
According to World Oil, Equinor ASA, and Norwegian airport regulator, Avinor aim to make “advanced drone operations” over the North Sea commonplace to make it easier to inspect rigs and cut down the vast distances between the oil and gas platforms. Establishing an unmanned air traffic system will make it easier to employ drones up
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