Offshore

Enbridge to Invest $500 Million in Pipeline Assets, Including Expansion of 850-Mile Gray Oak Pipeline

Pipeline operator Enbridge raised its short-term profit growth forecast on Wednesday and said it will invest about $500 million in expanding its pipeline and storage assets to improve its U.S. Gulf Coast presence.

Helix Energy and Talos Energy Strike Deal for Gulf of Mexico Decommissioning

Helix Energy Solutions Group Inc. has announced a five-year joint framework agreement with Talos Energy Inc. in which Talos has agreed to provide Helix the first right of refusal regarding specific annual work scopes for Talos’s decommissioning requirements in the U.S. Gulf of Mexico.

Exxon, EnLink Midstream to Expand CCS Pipeline Transportation Along Gulf Coast

ExxonMobil and EnLink Midstream are exploring opportunities for EnLink to support ExxonMobil's carbon capture and sequestration (CCS) efforts beyond the southeast Louisiana Mississippi River Corridor into several additional Gulf Coast areas.

Exxon Considers Guyana Offshore Gas Production Post-2029

Exxon, Hess Corp. and CNOOC are under pressure from Guyana to develop untapped natural gas in the South American country, where they have discovered more than 11 billion barrels of oil and gas since 2015.

Oil Industry, Environmental Groups Challenge Biden's Offshore Drilling Plan in Court

Oil and gas companies and environmental groups on Monday filed dueling legal challenges to the Biden administration's five-year plan to offer drilling leases in the Gulf of Mexico.

OMV Petrom Accelerates Investments in Black Sea Gas Project, Targets 2027 Production

The Neptun Deep Black Sea gas project, one of the European Union's most significant natural gas deposits, is expected to cost $4.3 billion. OMV Petrom is developing it with state-owned gas producer Romgaz.

Poland's Gaz-System Chooses Mitsui O.S.K. Lines for LNG Regasification Unit

Polish pipeline operator Gaz-System has chosen Japan's Mitsui O.S.K. Lines to supply a floating storage and regasification unit (FSRU), it said on Thursday.

BP Sees Trinidad Deepwater Gas Project Getting Greenlight by 2025

BP expects the Calypso deepwater natural gas field off Trinidad and Tobago, which it shares with Woodside Energy, to get the greenlight when a final investment decision (FID) is made as early as the end of next year, a company executive said.

Enterprise Products Partners to Receive Sea Port Oil Terminal License in Q1 2024

Enterprise Products Partners expects to receive an export license for its Sea Port Oil Terminal (SPOT) in the first quarter of 2024 versus by the end of 2023, as previously expected, a company executive said on Monday.

TotalEnergies Says Danish Tyra Gas Field Ready to Start in March

TotalEnergies will restart production at Denmark's Tyra natural gas field in March this year, the company said in a statement on Monday.

Talos Energy to Acquire QuarterNorth Energy for $1.29 Billion

Oil and gas company Talos Energy said it will acquire privately held QuarterNorth Energy in a $1.29 billion cash-and-stock deal to bolster its presence in Mexico.

Santos Receives Approval to Construct Subsea Pipeline for $4.3 Billion Barossa Gas Project

Australia's Santos can proceed with construction of an undersea pipeline vital to its $4.3 billion Barossa gas project after a court on Monday ruled in favor of the oil and gas firm in a dispute with an Indigenous man looking to pause the work.

Pipeline Giant Enbridge Targets Expanding Offshore Wind Investments in France, Steers Clear of Troubled U.S. Market

Canadian pipeline company Enbridge is keen on further offshore wind investments in France, but will avoid the United States, where cost and supply chain problems have contributed to offshore projects collapsing, a senior executive said.

Exxon Faces Hurdles in $2.5 Billion Exit from California Offshore

Exxon Mobil's write-down of about $2.5 billion of troubled California properties aims to end five decades of offshore oil production in the state, but a full exit from those assets could take some time.

Shell Resumes LNG Loadings from Prelude Facility in Australia

Shell said on Thursday it has resumed loading LNG cargoes from its Prelude facility offshore Australia following major maintenance.

Equinor Unloads Azerbaijan Assets, Including BTC Pipeline

Norway's Equinor said on Friday it has agreed to sell its assets in Azerbaijan to state-owned energy firm SOCAR, including interests in the ACG oilfield and the BTC pipeline for an undisclosed price.

Mubadala Energy Makes Major Gas Discovery in Indonesia’s South Andaman

United Arab Emirates' Mubadala Energy said it discovered a major deep sea gas reserve in Indonesia's South Andaman Block, which analysts said is the world's second-largest deepwater discovery this year.

Santos Advances Barossa Gas Project with Drilling Nod, Pipeline Fate Entangled in Legal Dispute

Australian oil and gas major Santos said on Monday it had received approval for a revised drilling plan at its $4.3 billion Barossa gas project, although the fate of a pipeline to take gas to shore remains locked in a legal dispute.

Equinor Buys Shell's Stake in the Linnorm Gas Discovery

Norway's Equinor said on Thursday it has agreed to buy Shell's stake in the Linnorm gas discovery in the Norwegian Sea, raising its ownership to 50%.

Venezuela Urges BP, Chevron, and Shell to Revive Offshore Gas Project Amid Territorial Dispute

The request to act on blocks that have not been touched in more than a decade comes amid an escalating territorial dispute with Guyana that has rattled the country and led to an emergency meeting of the United Nations Security Council.

U.S. Coast Guard Finds Sheen Near Oil Spill in Gulf of Mexico

The U.S. Coast Guard said on Wednesday it found a light sheen west of an area in the Gulf of Mexico where it was leading the clean-up of a million-gallon (liters) oil spill for nearly three weeks but could not confirm if the sheen was from that spill.

BASF Buys into Wind Farms to Cut Carbon's Role in Production

BASF has struck a deal with Swedish utility Vattenfall to buy into two German offshore wind farms, in the German chemicals giant's latest move to secure fossil-free power and reduce the carbon footprint of its production.

Guyana Moving Toward New Offshore Gas Pipeline in Liza Offshore Fields

(P&GJ) — With the Gas To Energy project, the government of Guyana will — for the first time — produce energy using the associated natural gas produced in the Liza offshore fields of the Stabroek Block.

Italy’s Saipem wins Guyana, Brazil contracts worth $1.9 billion

In Brazil, Saipem was awarded a contract by Equinor for the Raia project in the Campos Basin. In Guyana, it was awarded a contract by ExxonMobil for the proposed Whiptail oilfield development located in the offshore Stabroek block.

Equinor Sells Stake in Nigerian Oil Field to Chappal Energies

The Norwegian group will sell Equinor Nigeria Energy Company (ENEC), which holds a 53.85% ownership in oil and gas lease OML 128, including a 20.21% stake in the Agbami field, operated by Chevron.

Russian Black Sea Oil Exports Delayed Due to Heavy Storms

Russia's oil and oil product exports from the Novorossiysk Black Sea terminal are being restricted as bad weather has caused significant delays to loadings, two sources familiar with the port's operations said on Monday.

Santos Forecasts Lower 2024 Output as Bayu-Undan Gas Field Nears End of Life

Australia's Santos forecast a fall in 2024 output on Wednesday, as its Bayu-Undan gas field's life comes to an end and production from the West Australian offshore field declines.

Balticconnector Gas Pipeline to Expand Transmission Capacity Post-Repair

The Balticconnector gas pipeline between Finland and Estonia, which was damaged last month, will get a bigger northbound transmission capacity next year following repairs, Finnish operator Gasgrid said in a statement on Wednesday.

Gulf of Mexico Oil Spill Affects Seven Producers, Investigation Underway

U.S. officials said on Tuesday seven energy companies have been impacted by an oil discharge near Main Pass Oil Gathering Co.'s (MPOG) pipeline system in the Gulf of Mexico that is estimated to have released more than a million gallons of crude oil.

US Coast Guard Investigates Source of 1.1 Million Gallons Oil Leak in Gulf of Mexico from Underwater Pipeline

The U.S. Coast Guard on Monday said it was still looking for the source of a leak from an underwater pipeline off the Louisiana coast in the Gulf of Mexico that it estimated had released more than a million gallons of crude oil.