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World Oil News
The HSI Joint Venture, comprising HSM Offshore Energy, Smulders, and Iv, has successfully moved the Jasmund Offshore Substation (OSS) topside and lifted the transformers for 50Hertz at HSM Offshore Energy’s Stormpolder yard in the Netherlands. Source
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Gulf Energy Information is pleased to announce that nominations are now open for the 2025 Gulf Energy Information Excellence Awards, the premier international honors recognizing outstanding innovation, leadership, and achievement across the global energy sector. Source
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The Railroad Commission of Texas (Texas RRC) reported record-setting volumes in 2024 for both oil and natural gas in the state. “These latest records further demonstrate Texas’s position as a global leader in oil and gas production,” said RRC Chairman Christi Craddick. Source
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Aquaterra Energy has secured a multi-million-dollar, multi-year contract with Intrepid Energy Limited (IEL) to deliver a bespoke subsea well intervention equipment package for a project in Nigeria. Source
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World Oil’s Deepwater Development Conference (MCEDD) got underway on March 25 in Madrid, Spain, and has been thriving this week. There is no mistaking the renewed, growing interest in deepwater projects, and the attendance and program confirm it. Attendance is running significantly ahead of last year’s conference, and the list of topics presented/debated is more...
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Baker Hughes announced Wednesday a multi-year contract with Dubai Petroleum Establishment (DPE), for and on behalf of Dubai Supply Authority (DUSUP), to provide integrated coiled-tubing drilling services for the company’s Margham Gas storage project. Source
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The addition of the Nguya floating liquefied natural gas (FLNG) vessel is part of the second phase of the Eni-operated Congo LNG project and is expected to increase the project’s production capacity by 2.4 million tons per annum (MMtpa). Source
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Executives at U.S. shale companies expect President Donald Trump’s 25% steel import tariffs to lead to lower activity in the shale patch, according to the latest energy survey from the Federal Reserve Bank of Dallas. Source
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DNV, the independent energy expert and assurance provider, has announced a new recommended practice, DNV-RP-B205: Digital inventories and on-demand manufacturing, set to transform parts management in the energy sector. Source
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In addition to integrated execution, the project will utilize Subsea 2.0® configure-to-order (CTO) subsea production systems. Combining both offerings will enable streamlined project management through a single interface and accelerate time to first oil. Source
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