News Archives - Offshore Technology

Deals relating to energy storage increased significantly in the offshore industry in H1 2022

Data Journalism Team — Thu, 28 Jul 2022 09:00:00 +0000

Deals relating to energy storage in the offshore oil and gas industry operations and technologies sector have seen an increase of 120% from H1 2021 to H1 2022, an analysis of GlobalData's deals database reveals.

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Italy seeks more gas from Angola and the Congo to cut dependence on Russia

Archana Rani — Mon, 14 Mar 2022 06:27:21 +0000

Italy imports over 90% of its gas from Russia, which is facing Western sanctions following its invasion of Ukraine.

The post Italy seeks more gas from Angola and the Congo to cut dependence on Russia appeared first on Offshore Technology.

French firm Total confirms Covid-19 cases in Congo

Himaja Ganta — Mon, 27 Apr 2020 10:25:12 +0000

French oil and gas company Total has reported 14 cases of Covid-19 in its operations in Congo.

The post French firm Total confirms Covid-19 cases in Congo appeared first on Offshore Technology.

Oil and gas drilling unlikely to recover to its 2019 levels soon

Yoana Cholteeva — Wed, 15 Jul 2020 14:48:13 +0000

A Rystad Energy analysis has predicted that the number of drilled wells globally will reach approximately 55,350 this year, the lowest since the beginning of the century, due to the Covid-19 pandemic’s unprecedented hit to oil and gas activity.

The post Oil and gas drilling unlikely to recover to its 2019 levels soon appeared first on Offshore Technology.

Wentworth increases production as gas demand improves

Yoana Cholteeva — Wed, 16 Jun 2021 10:59:03 +0000

Wentworth, UK-based and Tanzania-focused natural gas production company has increased its annual average production guidance for the year to between 70 million and 80 million standard cubic feet per day gross, from a previous estimate of 65 million to 75 million standard cubic feet per day.

The post Wentworth increases production as gas demand improves appeared first on Offshore Technology.

Zenith Energy in negotiations to contract drilling rig for Congo

Srivani Venna — Thu, 27 Feb 2020 11:37:11 +0000

Oil & gas production firm Zenith Energy is in advanced negotiations to contract a rig for carrying out drilling operations in the Republic of Congo.

The post Zenith Energy in negotiations to contract drilling rig for Congo appeared first on Offshore Technology.

Anglo African Oil & Gas signs rig agreement for Tilapia field

Himaja Ganta — Wed, 13 Nov 2019 11:52:21 +0000

Independent developer Anglo African Oil & Gas (AAOG) has signed a rig option agreement with Société de Forage Pétroliers (SFP).

The post Anglo African Oil & Gas signs rig agreement for Tilapia field appeared first on Offshore Technology.

Most reinvention-committed O&G companies expect twice the revenue of least committed

Yoana Cholteeva — Thu, 20 May 2021 13:31:23 +0000

O&G companies that are most committed to reinventing themselves expect to grow their revenues and margins at twice the rate of least committed companies.

The post Most reinvention-committed O&G companies expect twice the revenue of least committed appeared first on Offshore Technology.

Lukoil enters Republic of Congo project for $800m

Umar Ali — Fri, 07 Jun 2019 10:34:41 +0000

Russian oil and gas company Lukoil has acquired a 25% interest in the Marine XIII licence offshore the Republic of Congo for $800m.

The post Lukoil enters Republic of Congo project for $800m appeared first on Offshore Technology.

Anglo African Oil & Gas finds oil at Tilapia licence offshore Congo

Srivani Venna — Wed, 30 Jan 2019 00:00:45 +0000

Anglo African Oil & Gas has announced that the TLP-103C well at its Tilapia licence located in offshore Republic of the Congo has encountered oil.

The post Anglo African Oil & Gas finds oil at Tilapia licence offshore Congo appeared first on Offshore Technology.

Deals this week: Rosenberg WorleyParsons, CNPC, Equinor

smadhukar — Thu, 18 Oct 2018 23:00:09 +0000

Free Report

2022: So far In Venture Capital

Global investment in 2022 has been majorly dominated by North America, Europe, and Asia Pacific, whereas the Middle East, and South and Central America have recorded low investments comparatively. In light of this, Europe and North America have been identified as the major destinations for Private Equity and Venture Capital (PE/VC) investments.

GlobalData’s whitepaper analyzes which sectors PE/VC firms have been investing in, looking at Technology, Media, and Telecom, with these sectors recording $356 billion and a deal volume of over 10,000 deals in 2022. Healthcare, Financial Services, Business & Consumer Services, and Construction sectors have also seen high investment activity by PE/VC firms, recording a deal value of over $70 billion each.

But what can this mean for you?

Understand how the Deals Database on GlobalData Explorer can be leveraged to:

Track the Aggregate Investment Volumes in PE/VC-Stage firms across geographies and sectors, in addition to viewing the specific deals that drove these volumes
Identify the top investors already active in any sector-Geography combinations
Assess the Performance of Financial and Legal Advisors, supporting the Dealmaking in any segment of choice (Customizable League tables)
Understand what is driving the PE/VC fundraising (Deal Rationale)

Consult our full report here and optimize your business strategy.

By GlobalData

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Visit our Privacy Policy for more information about our services, how GlobalData may use, process and share your personal data, including information on your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

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Saipem wins three offshore engineering and construction contracts

Hemanth — Mon, 15 Oct 2018 23:00:40 +0000

Italian oil and gas contractor Saipem has secured three new offshore engineering and construction (E&C) contracts in Azerbaijan, the North Sea and the Republic of Congo, which together are valued at around $400m.

The post Saipem wins three offshore engineering and construction contracts appeared first on Offshore Technology.

Congo to call for oil licence tenders in September

Divya Tirumalaraju — Thu, 14 Jun 2018 23:00:44 +0000

Congo Republic plans to call for tenders for an oil licence in September, making it the first licensing round after the oil prices pushed up in 2017.

The post Congo to call for oil licence tenders in September appeared first on Offshore Technology.

MacGregor to supply offloading systems for CNOOC’s offshore field

Archana Rani — Tue, 15 Feb 2022 12:31:18 +0000

MacGregor will deliver two FPSO offloading systems for the Liuhua 11-1/4-1 redevelopment project.

The post MacGregor to supply offloading systems for CNOOC’s offshore field appeared first on Offshore Technology.

Weekly data: The Ukraine war is forcing governments to rethink post-Covid austerity

Ben van der Merwe — Tue, 29 Mar 2022 12:08:15 +0000

The Russian invasion of Ukraine has seen increases in defence spending in much of the world, meaning austerity measures are back on the cards.

The post Weekly data: The Ukraine war is forcing governments to rethink post-Covid austerity appeared first on Offshore Technology.

BP in deliberations with state-owned energy majors to divest Russian assets

Archana Rani — Thu, 31 Mar 2022 06:58:20 +0000

The decision to exit Russia may cost the British energy major as much as $25bn.

The post BP in deliberations with state-owned energy majors to divest Russian assets appeared first on Offshore Technology.

China’s CNOOC looking to sell $3bn worth of UK North Sea assets

Archana Rani — Thu, 31 Mar 2022 11:35:36 +0000

To launch the formal sale process for its assets, the Chinese energy major has hired the Bank of America.

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OPEC+ meeting: modest monthly production amount added, IEA data scrapped

Scarlett Evans — Thu, 31 Mar 2022 13:56:10 +0000

The news comes as no surprise to industry members, given OPEC’s consistent stance on remaining quiet on Russian sanctions and their effects.

The post OPEC+ meeting: modest monthly production amount added, IEA data scrapped appeared first on Offshore Technology.

Germany reviewing Rosneft’s stake purchase in Schwedt refinery

Archana Rani — Tue, 22 Mar 2022 12:08:13 +0000

The deal with Shell would have increased the Russian energy giant’s stake in the refinery to 91.67%.

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