Tag: Offshore
Production from offshore pre-salt oil deposits has increased Brazil’s oil production
Pre-salt oil deposits are under deep, thick layers of rock and salt and require substantial investment to extract Brazil has produced 3.3 million barrels per day (b/d) of petroleum and other liquids so far in 2017, according to U.S. Energy Information Administration data through Aug., up from 3.2 million b/d in 2016 – making it […]
Statoil installing intelligent battery system named ‘Batwind’ for world’s first floating wind farm
Batwind battery will make decisions based upon real-time data to determine when to hold electricity, when to send to grid Hywind Scotland, the world’s first floating wind farm, will install a 1MW battery system called “Batwind” that it hopes will maximize the value of the project’s electricity, according to a press release from project owner Statoil. “As part […]
25 years of Atlantic Canada offshore oil and natural gas production – NEB
Output continued to grow as new projects were added, peaking in 2007 This year marks a quarter century of offshore oil and natural gas production in Atlantic Canada. From fields discovered as far back as 1969, production from Nova Scotia and Newfoundland and Labrador has allowed those provinces to fill growing global demand for oil […]
US Dept of Energy authorizes LNG exports from offshore project
Federal law requires approval of natural gas exports to countries that do not have free trade agreements with US The US Department of Energy announced it approved a long-term application to export liquefied natural gas (LNG) from the first offshore project, Delfin LNG, LLC (Delfin), according to a press release. Exports in the amount of […]
Saudi Aramco examines Berri oilfield oil, gas expansion -sources
Saudi Aramco Berri oilfield could add 250,000 b/d By Reem Shamseddine KHOBAR, Saudi Arabia, Feb 2 (Reuters) – State oil giant Saudi Aramco is considering expanding its oil and gas production from the Berri offshore oilfield, industry sources told Reuters. Aramco would over time add 250,000 barrels per day of crude oil from Berri, possibly […]
Federal leasing for offshore wind grows as first U.S. offshore wind farm comes online
On Dec. 15, BOEM will hold a lease sale for offshore New York for nearly 80,000 acres The first commercial US offshore wind farm, Block Island, is scheduled to come online in late 2016, according to the US Energy Information Administration. Located three miles off the southeastern coast of Rhode Island, Block Island consists of five […]
Offshore five-year plan removes new American energy opportunities
Independent oil and gas producers condemn taking 80% of federal offshore lands out of drilling plan The Obama Administration’s finalized five-year offshore oil and natural gas leasing program, which sets the lease sale schedule for 2017-2022, is drawing heavy fire from energy industry associations. In Sept., the Independent Petroleum Association of America joined the Alaska […]
ConocoPhillips completes sale of exploration blocks offshore senegal
Three offshore exploration blocks, had a net carrying value of approximately $285 million HOUSTON – ConocoPhillips announced it completed a transaction for the sale of its shares in ConocoPhillips Senegal BV, which holds a 35 per cent interest in three exploration blocks offshore Senegal. “We are pleased to complete this transaction with Woodside,” said Matt Fox, executive […]
Offshore oil production in deepwater and ultra deepwater is increasing
US and Brazil together account for more than 90% of global offshore oil deepwater production Global offshore oil production (including lease condensate and hydrocarbon gas liquids) from deepwater projects reached 9.3 million b/d in 2015, according to the US Energy Information Administration. Deepwater production, or production in water of depths greater than 125 meters, has increased 25 per […]
ExxonMobil announces significant oil discovery offshore Nigeria
ExxonMobil holds 27% interest and is the operator for OPL 223 and OML 139 IRVING, Texas – Exxon Mobil Corporation announced a significant discovery with a potential recoverable resource of between 500 million and 1 billion barrels of oil on the Owowo field offshore Nigeria. The Owowo-3 well, which was spud on Sept. 23, encountered […]
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