Oil & gas news

The company has completed the acquisition of a portion of Chesapeake Energy’s oil and gas assets in the Eagle Ford shale, south Texas for US$1.4 billion.

The company has revealed plans to build the North Sea Renewables Grid (NSRG), an offshore integrated green power and transmission system, powered by floating wind, that oil and gas platforms will plug into for clean power.

With several challenges facing new gas developments in Latin America, supply will be unable to keep up with demand, driving the need for expanded imports to the region over the next decade.

“With Wintershall Dea’s first operated exploration well drilled in Mexico, the announced expected resource of 200 to 300 million boe of oil and gas in place outperforms the original prospective resource estimated at 196 million boe”, said Adrian Lara, Principal Research Analyst Latin America Upstream Oil and Gas.

The company has announced an award by LLOG Exploration Offshore, LLC as project manager for the Salamanca development project, which includes the Leon and Castile fields, in the US Gulf of Mexico.

The company has announced that it has been awarded a contract to provide Chevron Mediterranean Limited (CML) with an order of TC2 and TC16 Connection Systems.

The company has announced a long-term partnership with Applied Research International (ARI) to evolve well control education through immersive virtual simulation training.

SBM Offshore has signed a 10-year Operations and Maintenance Enabling Agreement with Esso Exploration & Production Guyana Ltd for the operations and maintenance of FPSOs Liza Destiny, Liza Unity, Prosperity and ONE GUYANA.

ASTM International’s hazardous substances and oil spill response committee (F20) has approved two new standards that will each enhance knowledge essential for oil spill response.

The agreement updates and replaces a previous memorandum of understanding between the agencies from 1994.