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CNOOC Installs Record-Breaking Offshore Oil Platform

OilPrice

CNOOC has installed the largest and heaviest offshore platform at a field in the Bohai Sea, the company said today, boasting the facility was 22.8 The platform was installed at the Kenli field, at a depth of some 20 meters, which has proven reserves of some 100 million tons of crude oil. meters high and weighed over 20,000 tons.

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Guyana Prepares First Export Cargo from New Offshore Platform

OilPrice

Guyana's offshore oil industry is set to take a major leap forward as the One Guyana floating production, storage, and offloading (FPSO) vessel readies its first export cargo. and China's state-run CNOOC.

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Namibia Considers Incentives to Help Launch its Oil Industry

OilPrice

Namibia, one of the latest exploration hotspots in the world, is weighing potential further incentives and financing options to offer to international majors preparing plans for oil production offshore the African country. However, without infrastructure in place, costs are higher for production development plans.

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Shell Boosts Deepwater Oil Production Offshore Malaysia

OilPrice

Shell has started first oil production from the next development phase of a deepwater oil project offshore Malaysia, the UK-based supermajor said on Friday as Europes largest oil and gas companies are pivoting back to strategies to boost output of fossil fuels.

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U.S. Dept. of Interior urged to fully leverage offshore energy resources

Oil & Gas 360º

(World Oil) – The American Petroleum Institute today joined more than 100 other energy trade groups and organizations in urging the Department of the Interior to develop a new five-year offshore leasing program that fully leverages the U.S. offshore production accounts for 14% of total U.S. According to the U.S.

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Offshore Oil Exploration Booms in Namibia with Key Decisions Looming

OilPrice

Namibia expects Frances TotalEnergies and Norways BW Energy to take final investment decisions on oil projects offshore the African country in late 2026, a senior Namibian official says.

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Norway’s Oil Fund to Buy Stakes in Offshore Wind for $1.5 Billion

OilPrice

trillion oil fund, will buy 49% in two offshore wind farm developments of RWE for a total of $1.5 The agreed price for 49% of the two offshore wind projects, Nordseecluster in the German North Sea and Thor in the Danish North Sea, values the entire projects at around $3.1 The worlds biggest sovereign wealth fund, Norways $1.8

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