article thumbnail

Citi sees oil prices supported by risk premium, capped by 2026 oversupply

Oil & Gas 360º

In a new research note examining the offshore drilling sector, Citi outlines its base case assumptions and market outlook for dayrates and oil pricing fundamentals. Among the offshore drillers, Citi highlighted Seadrill (OL: SDRL ) as the most attractive, forecasting a free cash flow yield of more than 20% in 2027 at $400,000 dayrates.

Oil 130
article thumbnail

Draeger Marine & Offshore supports UK’s first offshore CO2 injection

Oilfield Technology

Perenco recently announced the completion of the tests at the depleted Leman natural gas reservoir in the Southern North Sea using Petrodec’s ERDA rig, the first rig in the UK to have achieved an approved safety case for supporting CCS operations.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

BP Begins Promised Major Oil and Gas Project Start-ups

OilPrice

BP said on Thursday that its Cypre development offshore Trinidad and Tobago delivered first gas, as yet another project started up since the supermajor reset its strategy to shift focus back to oil and gas.

Gas 190
article thumbnail

A non-intrusive solution

Oilfield Technology

Mariano Guerrico, Global Technology Manager, Tracerco, describes how cutting-edge technology has transformed flow control and monitoring, showcasing a case study from the Santos basin offshore Brazil.

Basin 52
article thumbnail

Ending Well, Leading Forward: How Behavioural Coaching Transformed a Complex Offshore Decommissioning Project

Offshore Energies UK

The post Ending Well, Leading Forward: How Behavioural Coaching Transformed a Complex Offshore Decommissioning Project appeared first on Offshore Energies UK (OEUK).

article thumbnail

Salunda expands Latch Hawk rollout with new offshore deployment

Oilfield Technology

This deployment features the second-generation Latch Hawk system, which includes key advancements such as novel sensor technology, enhanced shock and vibration resistance, a more robust casing design, cloud-based digital condition monitoring and an extended battery life of more than seven years. Already a member?

article thumbnail

Court Dismisses Permitting Challenges to the U.S.’s First Major Offshore Wind Project

The Energy Law

On May 17, 2023, the United States District Court for the District of Massachusetts dismissed plaintiffs’ challenges to the Vineyard Wind Project—the United States’s first major offshore wind project. United States Department of the Interior , 1:21-cv-11091-IT; and Responsible Offshore Development Alliance v.