Offshore Energies UK

JUNE 12, 2025

The post CCS spending to reach $80bn by 2030: DNV appeared first on Offshore Energies UK (OEUK). But use of the technology has grown slowly so far and must increase dramatically, says DNV, which also considers other technologies such as direct air capture of CO2 and carbon dioxide removal.

Offshore

Rigzone

JUNE 17, 2025

Natural Gas $3.98 +3.25% Latest Oil Prices SUBSCRIBE SEARCH ARTICLES NEWS Perenco Invests in New Offshore Infrastructure in Congo by Paul Anderson | Rigzone Staff | Tuesday, June 17, 2025 | 10:05 AM EST Perenco is building a new platform to recover approximately 7 million cubic feet of gas per day in the Kombi-Likalala-Libondo II permit area.

Offshore

Offshore Energies UK

JULY 3, 2025

OEG, a leading energy solutions business, has won a multi-million-pound contract to support the construction phase of the Inch Cape Offshore Wind Farm until operational in 2027. Over 100 OEG personnel will support the delivery of this contract, which includes the recent addition of six new appointments.

Offshore

Offshore Energies UK

JULY 24, 2025

Offshore Energies UK has today responded to the news that the Department for Energy Security & Net Zero (DESNZ) has increased the strike price caps and extended the duration for wind technologies in the upcoming Allocation Round 7 (AR7) Contracts for Difference (CfD) round. We have said it must raise at least 8.4

Offshore

Offshore Energies UK

JULY 10, 2025

Leading trade body Offshore Energies UK today responds to the government’s publication of its Review of Electricity Market Arrangements (REMA). Retaining national pricing supports offshore wind and clean energy development in Scotland and across the UK. OEUK’s Wind Insight 2025 report sets out its recommendations in full.

Energy

Oil & Gas 360º

JULY 18, 2025

Chevron’s production is now expected to exceed 4 million bpd by 2030 from 3.4 Closing Bell Story‎ Crude Oil Featured Mergers, Acquisitions & Divestitures Offshore American oil Chevron Exxon arbitration ExxonMobil Guyana prize assets The Hess deal should help Chevron keep pace with Exxon moving forward.

Oil

Offshore Engineer

JULY 30, 2025

Floating liquefied natural gas (FLNG) terminals are gaining momentum on the global LNG market, with capacity expected to triple by 2030 according to research from Rystad Energy…

Natural Gas

Oil & Gas 360º

JULY 2, 2025

Almost all well-known international companies” are vying for the 22 offshore and onshore blocks, he said. Authorities target daily oil output of 2 million barrels before 2030 — surpassing the 1.75 Eni SpA and Exxon Mobil Corp. Eni and Exxon Mobil didn’t respond to requests for comment. Libya currently pumps about 1.4 million bpd.

Exploration and Production

Oil & Gas Journal

JULY 29, 2025

Woodside will assume operatorship of the offshore Bass Strait production assets, the Longford gas plant, the Long Island Point gas liquids processing plant, and associated pipeline infrastructure, the company said in a release July 29. Sign Up Connect Follow us for the latest industry news and insights.

Exploration and Production

McKinsey

JULY 10, 2025

billion tons by 2030. The cap tightening equates to a 62 percent reduction by 2030 compared to 2005 levels. The cap tightening equates to a 62 percent reduction by 2030 compared to 2005 levels. Prices are expected to continue to rise, potentially reaching €110 to €150/ton by 2030. percent, dropping to around 0.8

Transportation

Offshore Energies UK

JUNE 24, 2025

listen and act.” The post Homegrown energy is the turning point the UK needs, OEUK Chief Executive to tell industry conference appeared first on Offshore Energies UK (OEUK). listen to our sector.

Energy

Oil Review Middle East

JULY 31, 2025

In just a few months, we’ll need to have secured the fresh talent pipeline that will play a large part in making 2030 possible. Fast forward to 2030, let’s imagine we’ve succeeded in creating a workforce with the right foundational skills. Here lies the industry’s next challenge – the readiness gap. Is the workforce ready?

Pipeline

Rigzone

JUNE 19, 2025

“The partners will evaluate several CO2 storage sites in the Malay Basin, including both saline aquifers and depleted offshore fields”, France’s TotalEnergies said in a press release then. In 2024 Petronas signed an agreement with Abu Dhabi National Oil Co. Petronas is part of the NETR Committee.

Transportation

Rigzone

JULY 30, 2025

The project, which is operated by company subsidiary Inpex Browse E&P Pty Ltd holding a 53 percent stake, is the first offshore carbon capture and storage (CCS) project to receive the designation in the country, according to an earlier statement. miles (250 kilometers) offshore Darwin in the Northern Territory of Australia, Inpex said.

Exploration and Appraisal

Offshore Energies UK

JUNE 23, 2025

The UK’s offshore basin is naturally declining – with over 280 active oil and gas fields today, but around 180 expected to cease production by 2030. The independent study , produced for OEUK by energy experts Westwood Global Energy Group, finds that up to 7.5 billion barrels of oil and gas could still be produced from UK waters – 3.2

Exploration and Production

Oil & Gas Journal

JULY 30, 2025

link] [link] [link] Affiliated Brands OFFSHORE ENERGYTECH MICROGRID KNOWLEDGE OGJ RESEARCH About Us Advertise Do Not Sell or Share Privacy Policy Terms & Conditions © 2025 All rights reserved. bcfd from 1.75 bcfd, the company said. Sign Up Connect Follow us for the latest industry news and insights.

Pipeline

Valor

JULY 7, 2025

Key commitments include ExxonMobil’s pledge of up to $30 billion for lower-emission projects by 2030 and Shell’s $10-$15 billion investment in low-carbon solutions for 2023-2025. Libya, which holds Africa’s largest proven oil reserves, aims to increase daily production to 2 million barrels by 2030, surpassing its 2006 peak of 1.75

Energy

Oil Gas Leads

JULY 16, 2025

million BOE/day by 2030. As the company moves toward its 2030 production and sustainability targets, the remainder of 2025 will be pivotal in reinforcing its competitive edge in global energy markets. Maximize Permian Production with Pioneer Synergies ExxonMobil’s Permian output reached a record 1.5

Basin

Rigzone

JUNE 6, 2025

Project Greensand aims to store 400,000 metric tons per annum of CO2, with plans to ramp up to as much as eight million metric tons annually by 2030. Project Greensand is the first of its kind to demonstrate that captured CO2 can be transported cross-border and stored offshore, according to INEOS.

Transportation

Oil & Gas Journal

JULY 29, 2025

link] [link] [link] Affiliated Brands OFFSHORE ENERGYTECH MICROGRID KNOWLEDGE OGJ RESEARCH About Us Advertise Do Not Sell or Share Privacy Policy Terms & Conditions © 2025 All rights reserved. Newsletters The top stories, industry insights and relevant research, assembled by our editors and delivered to your inbox.

Exploration and Production

Rigzone

JULY 29, 2025

The debt offering, disclosed in a filing July 22, will consist of dollar-denominated debt maturing August 2030, in the form of amortizing pre-capitalized securities, or P-Caps, a type of instrument used in asset-backed finance. to develop offshore gas assets. Natural gas output was almost 3.6 billion cubic feet per day, a 3.7%

Finance

Rigzone

JULY 2, 2025

“Almost all well-known international companies” are vying for the 22 offshore and onshore blocks , he said. Authorities target daily oil output of 2 million barrels before 2030 — surpassing the 1.75 Eni SpA and Exxon Mobil Corp. million-barrel peak reached during strongman Muammar Qaddafi’s reign in 2006.

Oil

Rigzone

JUNE 9, 2025

The capacity is planned to grow to up to 30 million tons per annum (MMtpa) by 2030. “The FLNGs will be located in close proximity of each other, offshore in the Gulf of San Matias Gulf in the province of Rio Negro, Argentina.

Gas

McKinsey

JULY 29, 2025

McKinsey analysis indicates that by 2030, data centers will need $6.7 As noted above, 70 percent of the projected demand for data center capacity will come from AI-based workloads by 2030. McKinsey estimates that by 2030, up to 65 percent of AI workloads in Europe and the United States will be hosted on hyperscalers’ infrastructure.

Telecommunication

Rigzone

JUNE 25, 2025

The contract includes the supply of carbon steel OCTG products with premium connections, to be delivered in 2026 to support Qatar’s increasing onshore and offshore drilling activity, the company said in a news release.

Natural Gas

Oil & Gas Journal

JULY 30, 2025

link] [link] [link] Affiliated Brands OFFSHORE ENERGYTECH MICROGRID KNOWLEDGE OGJ RESEARCH About Us Advertise Do Not Sell or Share Privacy Policy Terms & Conditions © 2025 All rights reserved. million bbl At 426.7 million bbl, US crude oil inventories are about 6% below the 5-year average for this time of year, the EIA report indicated.

BBL

Rigzone

AUGUST 1, 2025

van Urk via iStock The Scottish government has given SSE Plc consent to build what would be the world’s biggest offshore wind farm. The project could be crucial to the UK’s ability to meet a goal to almost completely decarbonize the power grid by 2030. Image by T.W.

Offshore

Rigzone

JULY 14, 2025

Image by kodda via iStock Vallourec said it secured two contracts to supply oil country tubular goods (OCTG) to support the drilling operations of China National Offshore Oil Corporation (CNOOC) and PetroChina in Iraq. The contracts have potential revenue of over $130 million, Vallourec said in a news release.

Field

Rigzone

JULY 4, 2025

These awards reflect DOF’s strong position across both [the] Oil & Gas and Renewable segments” Preparations are already underway, with DOF delivering a full scope of project management, engineering, logistics, and offshore execution as part of the awarded campaigns, the company said.

ROV

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 interest is held by CEPSA Suriname S.L., an affiliate of Moeve. miles (150 kilometers) off the Surinamese coast.

Exploration and Production

Rigzone

JULY 15, 2025

The transaction involves EnQuest’s acquisition of the 28.125 percent equity share held by Premier Oil Vietnam Offshore BV (POVO) and the 25 percent share held by Premier Oil Vietnam Limited (POVL). The company said it targets extending the production sharing contract beyond its current end date of November 2030.

Exploration and Production

Rigzone

JUNE 13, 2025

The goal is to develop up to 10 gigawatts capacity of ready-to-build status projects by the early 2030s” In August 2023 Uniper announced plans to invest over EUR 8 billion through 2030 in decarbonization efforts. Commissioning for the solar project is targeted for the first half of 2026.

Exploration and Production

OilPrice

MARCH 15, 2025

Five years after an Exxon-led consortium produced the first oil offshore Guyana, the country is pumping more than 600,000 barrels per day (bpd) of crude and has become South Americas fifth-largest oil exporter. million bpd by 2030, which would double the current output volumes. Guyana and ExxonMobil expect oil production to jump to 1.3

Oil

OilPrice

MARCH 20, 2025

However, In February Equinor scrapped a pledge to devote more than 50% of its gross capital expenditure to renewables and low-carbon solutions by 2030. Equinor has also abandoned plans to invest in Vietnam's offshore wind sector, dealing a significant blow to the country's

Abandonment

OilPrice

MARCH 27, 2025

BP approved on Thursday the development of the Ginger natural gas project offshore Trinidad and Tobago, which will be one of the ten major new projects that the UK supermajor promised to start up by 2027. In the upstream, BP will aim for 10 new major projects to start up by the end of 2027, and a further 810 projects by the end of 2030.

Natural Gas

OilPrice

MAY 26, 2025

Offshore wind industry representatives are seeking better auction and fiscal terms from the Japanese government to help companies develop the wind industry potential offshore Japan, industry sources have told Reuters.

Offshore

Energy Central

OCTOBER 12, 2023

Offshore pipeline re-use Two main scenarios which can be realized before 2030. In both scenarios, one of the pipelines becomes fully available for hydrogen; the other pipeline continues to facilitate the transport of existing and future natural gas production.

Pipeline