Rigzone

JUNE 16, 2025

offshore collaboration with Chevron beyond the existing partnerships in Ballymore (40 percent TotalEnergies) which achieved first production this year, Anchor (37.14 since 2022 to accelerate development in oil, liquefied natural gas and low-carbon power. The leases sit 175-330 kilometers (108.74-205.05

Offshore

McKinsey

JULY 10, 2025

In 2022, the three main HtA industries—cement, steel, and chemicals—contributed over 8 percent of the industrial sector’s total direct gross value added (GVA) for Iberia and provided 300,000 direct jobs. Mtpa, COD 2022). 3 McKinsey Direct Air Capture and Storage (DACCS) Cost Model 2022.

Transportation

Aresco

JULY 14, 2025

As we reflect on the legacy of Bibi Heybat, we gain a deeper appreciation for the remarkable journey of the oil and gas industry—from its ancient roots in natural oil seeps to high-tech offshore rigs and precision horizontal drilling. The post The First Oil Well in the World – Bibi Heybat appeared first on Aresco LP Partners.

Oil

Rigzone

JUNE 19, 2025

Image by Ole Arnesen via iStock The Norwegian Offshore Directorate said ConocoPhillips Skandinavia AS, operator of production license 891, had confirmed the Slagugle oil discovery. The Directorate noted that an attempt was also made to delineate the discovery in 2022 with well 6507/5-11, which turned up dry.

Oil

Oilfield Technology

JUNE 20, 2025

Despite a dry well in a previous attempt to delineate the discovery in 2022, the latest appraisal has provided encouraging results. Please upgrade your browser to improve your experience. A successful formation test was completed, achieving a maximum production rate of 650 standard m 3 of oil per flow day through a 36/64 in. nozzle opening.

Exploration and Appraisal

Rigzone

JULY 29, 2025

“The latest agreement lifts EBRD finance for Naftogaz to EUR 770 million since 2022. billion ($224.63 million) from local banks JSC CB PrivatBank and PJSC JSB Ukrgasbank, which committed UAH 4.7 billion each.

Gas

Valor

JUNE 23, 2025

support for renewable energy has fallen since 2022, with backing for offshore wind expansion dropping from 59% to 44% and for solar farms from about 66% to 50%. To expand US critical mineral supplies, Chevron will leverage its drilling expertise and utilize advanced direct lithium extraction (DLE) technologies for future production.

Energy

Oil Gas Leads

JULY 7, 2025

The rig count is down 44% from its 2022 peak of 780 , reflecting both post-pandemic normalization and broader market hesitancy. Rig Count Summary (Latest Baker Hughes Report) Category Current Count Change (W/W) Change (Y/Y) Total U.S. Strategic Shift Toward Gas: Natural gas rigs are up 7 YoY , showing resilience.

Oil

Rigzone

JUNE 9, 2025

has begun production at the Weizhou 5-3 oilfield in the South China Sea, its seventh announced startup offshore China in 2025. majority-owned by China National Offshore Oil Corp., Phase 1 went online 2022 as the first Chinese oilfield to produce from superheavy oil reservoirs through thermal recovery, according to CNOOC Ltd.

Upstream

Oil & Gas Journal

JULY 29, 2025

Reliance entered into a joint operating agreement with ONGC and BP to explore Block GS-OSHP-2022/2 off the western coast of India in Saurashtra basin.

Offshore

Oil & Gas 360º

JUNE 19, 2025

from 2018-2022, a provider of integrated specialty industrial services with operations in over 20 countries. Gatti brings more than 30 years of experience in energy and industrial sectors. Prior to joining Baker Hughes, he served as Chief Executive Officer and Chairman of the Board of TEAM, Inc.

Energy

Rigzone

JULY 31, 2025

“In January 2022 an unplanned shut-in led to one vent event,” the NSTA said in the statement. “In total, Chrysaor vented 370.046 tons at Armada from 1 January 2022 to 31 December 2022, exceeding its consent by 145.566 tons, almost 65 percent. This venting continued for three days,” it continued.

Oil

Rigzone

JULY 7, 2025

and QatarEnergy have made another natural gas discovery in Block 10 offshore Cyprus, the presidential office said Monday. In March 2022 appraisal well Glaucus-2 confirmed a “high-quality gas-bearing reservoir”, according to the government. Image by Zigmunds Dizgalvis via iStock Exxon Mobil Corp.

Gas

Rigzone

JUNE 19, 2025

License EXL014 covers blocks 8/5, 8/6, 8/8, 8/9, 8/12, 9/7 and 9/10 on Norway’s side of the North Sea, according to a work program published online by the Norwegian Offshore Directorate. Wells 32/4-4 and 32/7-1, drilled in the Alpha and Gamma areas respectively, make up a potential injection site for the Smeaheia project.

Oil

Oil & Gas Journal

JULY 25, 2025

Since 2022, natural gas markets have experienced a series of extremes, including both unusually high and low inventory levels, which contributed to elevated price volatility. This decline marks a return to more typical seasonal patterns and reflects greater market stability as storage inventories return to levels close to the 5-year average.

Natural Gas

Rigzone

JUNE 30, 2025

Image by nielubieklonu via iStock TotalEnergies SE said it has signed an agreement to acquire the 25 percent interest held by Spanish integrated energy firm Moeve, formerly known as CESPA, in Block 53 offshore Suriname. The company has sold 70 percent of its oil production portfolio since 2022, according to the statement.

Exploration and Production

Rigzone

JUNE 19, 2025

TotalEnergies and Shell Plc in 2022 made the first in a series of finds off the coast of the southwest African nation. Image by Adele Heidenreich via iStock Namibia will offer financial incentives to help kick-start the development of oil fields managed by a group led by TotalEnergies SE, according to a special adviser in the presidency.

Offshore

Oilfield Technology

JULY 18, 2025

The current agreement, which began in August 2022, will now run until at least August 2027. We’ve demonstrated our ability to deliver safe, efficient, and reliable crane operations in a highly complex offshore environment. Already a member?

Hydraulic Fracturing

Rigzone

JULY 25, 2025

In a statement posted on its website on July 18, Chevron announced that it had completed its acquisition of Hess Corporation following the satisfaction of all necessary closing conditions, including a favorable arbitration outcome regarding Hess’ offshore Guyana asset. and 147 based in the Malaysia and Thailand Joint Development Area.

Oil

Rigzone

JULY 8, 2025

billion) for Great British Energy to invest in clean energy supply chains such as electric cables and floating offshore wind platforms to ensure the clean energy revolution is built here in Britain,” it continued. “This includes announcing GBP 1 billion ($1.36

Energy

Rigzone

JULY 11, 2025

Eni’s floating facilities are located far offshore and relatively unexposed to security issues, though their capacity is a fraction of what’s planned onshore by Total and Exxon Mobil Corp. Floating LNG Mozambique started its first LNG production in 2022 with Eni’s Coral South floating project, out of reach from insurgents.

Exploration and Production

Rigzone

JULY 21, 2025

and Hess respectively last year, Chevron’s purchase of Hess was delayed to 2025 due to arbitration by ExxonMobil and China National Offshore Oil Corp. Hess owns a 30 percent stake in the offshore block, which has placed Guyana among the fastest-growing non-OPEC producers. While both ExxonMobil and Chevron cleared extended U.S.

Exploration and Production

OilPrice

MARCH 20, 2025

Back in 2022, Norway's state-controlled energy giant Equinor ASA (NYSE:EQNR) laid out its roadmap to achieving net zero emissions. Equinor has also abandoned plans to invest in Vietnam's offshore wind sector, dealing a significant blow to the country's

Abandonment

Oil & Gas 360º

MARCH 26, 2025

supermajor Chevron has expressed interest in oil and gas exploration in two additional offshore blocks south of the Greek island of Crete, Greeces Ministry of Energy and Environment said on Wednesday. (Oil Price) –U.S.

Offshore

OilPrice

MARCH 28, 2025

Woodside Energy has reached a deal to sell oil and gas assets offshore in Trinidad and Tobago to UK-based firm Perenco as part of portfolio optimization efforts, the Australian major said on Friday. Woodside came into possession of the Trinidad and Tobago assets following the 2022 merger of Woodside with BHPs oil and gas portfolio.

Gas

The Energy Law

NOVEMBER 28, 2022

The two bureaus stated their focus for fiscal year (FY) 2022 would be on the development of regulations to address the IIJA requirement; accordingly, both BOEM and BSEE have budgeted funds for FY 2023 to develop such a framework. In the meantime, more questions than answers remain regarding the regulatory framework for offshore CCS.

Offshore

The Energy Law

AUGUST 1, 2022

The Bureau of Ocean Energy Management (BOEM) held its third Gulf of Mexico (GOM) Intergovernmental Renewable Energy Task Force meeting on July 27, 2022 (3 rd Meeting). The first two meetings were held on June 15, 2021 , and February 2, 2022 , respectively.

Offshore

The Energy Law

JUNE 22, 2023

built offshore wind substation departed from a Texas fabrication facility where Danish multinational energy company, Ørsted, and domestic energy provider, Eversource, partnered to build the revolutionary vessel. The Kansas-engineered substation was designed and built by Kiewit Offshore Services, Ltd., the largest U.S. 1331 et seq.

Offshore

The Energy Law

JULY 5, 2022

On June 23, 2022, the Bureau of Ocean Energy Management (BOEM) published a draft guidance on mitigating potential impacts of offshore wind development on commercial and recreational fishing. BOEM is inviting public review and comment on the draft guidance through August 22, 2022.

Offshore

Rextag

MARCH 11, 2025

It covers total production figures, performance by key operators, and state-level contributions, focusing on key basins such as the Permian Basin, Appalachian Basin, Denver-Julesburg (DJ) Basin, Onshore and Offshore Gulf of America (Mexico), Williston Basin, and Greater Anadarko Basin. in 2023 compared to 2022 but recovered slightly by 0.4%

Basin

Energy Central

OCTOBER 25, 2023

CCS, The Gulf of Mexico, Offshore Wind and Hydrogen HCCS 2022 article out of the vaults. Given Velocity's success in gaining support for a Gulf Coast Hydrogen Hub, thought it may interest the community? link] Hydrogen America

Offshore

Oilholics Synonymous Report

MARCH 23, 2025

Yours truly's meeting with one of France's most famous and fascinating industry captains had the backdrop of a Liebherr BOS 2600 offshore pedestal crane capable of lifting 15,000 kg loads, at the Altrad Sparrows training centre. It happens to be one of the entrepreneur's many businesses, and one he acquired as recently as 2022.

Offshore

The Energy Law

SEPTEMBER 20, 2022

In a recent opinion released by the United States Court of Appeals for the District of Columbia Circuit, the court declined to vacate a deficient environmental impact statement (“EIS”) prepared in connection with two offshore lease sales held in 2018, the records of decision announcing the sales, or the leases issued. Haaland , No.

Offshore

The Energy Law

FEBRUARY 10, 2022

Within the first six weeks of 2022, both state and federal governments have taken steps toward offshore wind energy development off the coast of Louisiana. The development of offshore wind energy would aid in meeting the State’s goal to achieve net zero emissions by 2050. In addition to Action 1.3,

Government

Oil & Gas 360º

MAY 13, 2025

Production growth from offshore and other longer lead-time projects that are less sensitive to priceas well as a certain degree of lag time on impacts to onshore shale productionis expected to sustain year-on-year U.S. oil production growth has been a dominant feature in the oil market since 2022,” said Burkhard.

Crude Oil

Offshore Energies UK

MARCH 13, 2025

Consortium partners Semco Maritime and PTSC M&C have completed the successful load-out and sail-away of the second and last offshore substation for the Hai Long wind project, they said March 11. They won the engineering, procurement and construction contract for Hai Long 2 and Hai Long 3 in 2022. and Gentari.

Offshore

The Energy Law

OCTOBER 12, 2022

This is the first in a series of articles in which Liskow’s offshore team will discuss the regulatory framework for wind energy projects in federal waters and highlight legal issues pertinent to this dynamic area. To date, the development of offshore wind in federal waters has largely been limited to the east coast. 556.400; 30 C.F.R.

Energy