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Baker Hughes Scores Plug and Abandonment Job from Equinor

Rigzone

Image by JHVEPhoto via iStock Baker Hughes Company was selected by Equinor ASA to provide plug and abandonment services in the Oseberg East field on Norway’s continental shelf. To manage the project, Baker Hughes said it will set up a Plug and Abandonment Centre of Excellence in Bergen and Stavanger.

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Chevron wins Exxon case but loses time, oil and billions

Oil & Gas 360º

oil producer managed to delay the tie-up by over a year, costing its rival billions in lost Guyana oil revenue and slowing integration. The offshore oilfield holds more than 11 billion barrels of oil and is one of the fastest-growing oil production regions in the world.

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bp sells U.S. onshore wind business, continuing pivot back to oil and gas

Oil & Gas 360º

Chief Executive Officer Murray Auchincloss is seeking to demonstrate progress on a turnaround plan announced in February, which included a return to growing oil and gas production and divesting $20 billion of assets after abandoning a low carbon strategy. bp spun off its global offshore wind portfolio late last year.

Gas
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Energy Transition Meets Emerging Tech on August 20th at EnerCom’s 30th Anniversary Energy Investment Conference

Oil & Gas 360º

EnerCom’s Energy Transition and Emerging Technology Session will feature: Teren As a crisis and climate resilience analytics company, Teren is transforming how organizations manage environmental risk. Their technology is faster and more cost-effective than traditional plug-and-abandonment. About EnerCom, Inc.:

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Big oil’s trading arms struggle to navigate Trump-era volatility

Oil & Gas 360º

We are much more of a fundamentals-based trader, so we chose to be a bit more risk-off, more of a prudent risk-management approach, ” Sawan said today during a Bloomberg Television interview. Previously, Sawan revealed that Shell’s trading desk had not lost money on a quarterly basis over the past decade. That said, U.S.-based

Oil
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Elemental Energies appoints Decommissioning head

Offshore Energies UK

It has an extensive record managing large-scale platform plugging and abandonment (P&A) and subsea well decommissioning. URL: Elemental Energies The post Elemental Energies appoints Decommissioning head appeared first on Offshore Energies UK (OEUK). It has also formed a joint venture with Archer for global P&A.

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DOI Regulatory Agenda Includes BSEE Rulemakings on Decommissioning and Bonding for Civil Penalty Appeals

The Energy Law

The Department of the Interior (“DOI”) recently published its semi-annual regulatory agenda, which includes two new planned rulemakings affecting federal offshore leases. 250.1409 (applicable to appeals of penalties assessed to federal offshore oil, gas, and sulphur leases) and § 290.4 9598 (Feb. 250.1403; NTL No. 86285 (Dec.