Offshore & subsea

Mermaid Subsea Services UK has completed the first stage of a major North Sea decommissioning contract for Shell UK Ltd.

Petrobras and Colombia's state-run oil and gas company, Ecopetrol, have reported two major gas discoveries in the country's offshore basins.

New Wood Mackenzie analysis defines the critical challenges to developing a more predictable tax policy that works for industry and government.

GlobalData: Gulf of Mexico's oil and gas operations recover as Hurricane Helene moves north.

Interocean Marine Services (Interocean), has announced it will receive ABS and DNV approval for ultrasonic thickness measurements by use of drones on mobile offshore units.

Brazilian oil giant Petrobras is set to reopen a closed oil well in its large offshore Roncador field in a bid to quickly obtain natural gas, reports Reuters.

The company also plans to invest around US$2.5 billion/y to enhance oil production by 50 000 bpd over the next few years.

Reuters has reported that Tropical Storm Helene was expected to turn eastward on its track through the Caribbean and into the Gulf of Mexico, increasing the threat of high winds and heavy rains to Cuba and Florida but lessened the risk to US offshore oil production, forecasters said.

Challenger, with primary assets in the South American nation, has now received government approval to move the AREA OFF-1 licence to Chevron.

The addendum is for the Azeri-Chirag fields and the deepwater portion of the Gunashli field (ACG) in the Azerbaijan sector of the Caspian Sea.

China National Offshore Oil Corporation (CNOOC) has announced the commencement of production at the Liuhua 11-1/4-1 oilfield secondary development project.

Saudi Arabia exported 5.7 million bbl/d of oil in July, the lowest level since August 2023, official data has revealed.

TotalEnergies announces the start of production from the Fenix gas field, located 60 km off the coast of Tierra del Fuego in Southern Argentina.

Equinor, alongside its partners, has made an oil and gas discovery at the Gudrun field in the North Sea. 

A UK lobby group said the UK oil and gas industry has also more than halved methane emissions since 2018.