Offshore news
South America emerges as cost-saving champion in 2020, says Rystad Energy
Average OPEX per barrel of oil equivalent for deepwater production in the region has more than halved since 2013, from roughly US$26 to US$12.70 in 2020, a Rystad Energy report shows.
Estimated costs for UKCS decommissioning continue to fall, according to OGA
Estimated decommissioning costs have, to date, reduced by 19% since the OGA began benchmarking in 2017.
BHP to sell interest in Bass Strait venture
The Bass Strait JV is co-owned and operated by ExxonMobil, which has also put its 50% stake up for sale.
Halliburton awarded digital transformation project by PTTEP
Halliburton will design and implement digital transformation projects to improve efficiency and production in four of PTTEP's offshore fields.
Qatar Petroleum acquires interest in Angola offshore block
Qatar Petroleum has acquired a 30% participating interest in Block 48, located in the ultra-deepwaters offshore Angola.
Neptune Energy and Eserv to work on digitisation of Cygnus platform
The partnership with Eserv is part of the first phase of Neptune Energy’s strategy to “digitise” its assets and processes.
Winners announced at the 34th Offshore Achievement Awards virtual ceremony
BP and Pale Blue Dot Energy were joint winners in the ‘Energy Transition for Future Generations’ category.
Woodside pre-empts Cairn sale of Sangomar interest to Lukoil
Woodside has matched Lukoil's offer of US$400 million to buy Cairn Energy's stake in the Sangomar project offshore Senegal.
Total and partners launch third phase of Mero field development
The Mero 3 FPSO will have a liquid treatment capacity of 180 000 bpd and is expected to start up by 2024.
Luiperd well to be spudded this month
A joint venture led by Total is on course to spud the Luiperd-1 well offshore South Africa imminently.