The 3 MW floating wind turbine will be located 2 km west of the Culzean platform, 220 km offshore Scotland. This turbine, expected to be fully operational by end 2025, will supply around 20% of Culzean’s power requirement, thereby reducing its GHG emissions. SourceContinue Reading

It’s the latest round of cuts following similar moves in the company’s deal-making team, as well as low-carbon solutions, chemicals and offshore wind. The staff reductions would affect the company’s exploration, strategy and portfolio segment as well as its development, subsurface and wells business. SourceContinue Reading

Drillers have extended the horizontal length of their wells since the pandemic to three miles or more to squeeze more output from their sites. The longer so-called laterals are often credited with helping explorers deliver surprise production growth of 1 MMbpd last year. SourceContinue Reading

Almost 50% of the 1,300 senior professionals that responded to DNV’s survey said they plan to integrate AI-driven applications into their operations in the coming year, with Digital Leaders leading the charge. SourceContinue Reading

Block 3B/4B covers an area of 17,581 km2 within the prolific Orange basin offshore South Africa in water depths ranging between 300 m and 2,500 m. The block is near a number of highly anticipated oil discoveries, including the Venus discovery. SourceContinue Reading

Coconut will be a 50/50 joint venture with EOG as operator. The final investment decision has been taken by the joint venture partners and first gas is expected in 2027. SourceContinue Reading

Shell will leverage Akselos’ Structural Performance Management (SPM) software to monitor the structural health of critical assets across the Shell portfolio in near real-time. Akselos’ SPM software will help enable Shell to optimize the lifecycle of critical assets safely and sustainably. SourceContinue Reading

Libya’s oil production has more than halved this week — and risks taking close to 1 MMbpd off the global market — as the country’s fields reduce operations amid a stalemate over who controls the central bank. SourceContinue Reading

Output rose to a record 362.6 MMboe, as Beijing pushed for increased production from its state-owned drillers to enhance energy security amid rising geopolitical tensions. SourceContinue Reading

During development of the new standard, OPITO and OEUK engaged closely with industry stakeholders, including Spirit Energy, Harbour Energy, HCA, bp, Repsol Resources UK, TAQA and TotalEnergies, to ensure employer needs were met. SourceContinue Reading