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Cooperation, cost cuts, and new tech keys to unlock oil & gas from tight reservoirs

Given the large quantities of oil and gas in so-called tight reservoirs on the Norwegian Continental Shelf (NCS), the Norwegian Offshore Directorate (NOD), reporting to Norway’s Ministry of Energy, has shed light on ways to speed up the oil and gas production from tight reservoirs off the coast of Norway. The post Cooperation, cost cuts, and new tech keys to unlock oil & gas from tight reservoirs appeared first on Offshore Energy.

Shell tasks Velesto with deepwater ops support in Malaysia

Sabah Shell Petroleum Company (SSPC), the Malaysian business arm of the UK-headquartered energy giant Shell, has hired Velesto Workover, a subsidiary of Malaysia’s Velesto Energy, to assist during its deepwater activities off the coast of Sabah. The post Shell tasks Velesto with deepwater ops support in Malaysia appeared first on Offshore Energy.

Singapore firm pens multi-year LNG deal with Venture Global

Venture Global, an American producer of liquefied natural gas (LNG) sourced from North American basins, has secured a long-term LNG agreement with Singapore-headquartered Trafigura. The post Singapore firm pens multi-year LNG deal with Venture Global appeared first on Offshore Energy.

QatarEnergy turns off LNG and downstream production taps

Qatar’s state-owned oil & gas giant QatarEnergy has opted to clamp down on output by cutting off the production flow of liquefied natural gas (LNG) and associated products in the wake of the attack on Iran, which the U.S. and Israel launched over the weekend. The post QatarEnergy turns off LNG and downstream production taps appeared first on Offshore Energy.

Probe into North Sea rig incident ends

Norway’s state-owned energy giant Equinor has wrapped up its investigation into a well control incident that occurred on a semi-submersible rig working in the Norwegian sector of the North Sea. This incident is classified as being in the company’s highest category of severity. The post Probe into North Sea rig incident ends appeared first on Offshore Energy.