Offshore Technology

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Established in 1996, Offshore Technology, incorporating sister publication World Expro, is a procurement and reference portal providing a one-stop-shop for professionals and decision makers within the worldwide upstream oil and gas industry. We provide a comprehensive breakdown of offshore equipment manufacturers, contractors and suppliers, up-to-date news and press releases, white papers and detailed information on current industry projects and trends. The Offshore newsletter details the latest upstream industry developments, and our oil and gas recruitment area provides career information and the latest job vacancies in the field. www.offshore-technology.com is a product of Kable. Copyright 2017 Kable, a trading division of Kable Intelligence Limited. Source

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Scope International, Trade/B2B
Language English
Country United States of America
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Transocean wins $158m contract for Deepwater Asgard in Mediterranean Original

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By Shree Mohan Mishra
| Offshore Technology Verified
The Deepwater Asgard is a DSME 12000 ultra-deep-water drill-ship. Credit: nikkytok/Shutterstock.com. Transocean has secured a contract valued at approximately $158m (SFr123.57m) for the Deepwater Asgard drill-ship in the Eastern Mediterranean Sea. The contract covers the drilling of five wells and is scheduled to begin in the fourth quarter of 2026 (Q4 2026), with work expected to last for approximately 390 days.
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Repsol, PDVSA sign agreement to raise Petroquiriquire production Original

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By Shree Mohan Mishra
| Offshore Technology Verified
Repsol produces around 45,000bpd in Venezuela, mainly from the Petroquiriquire site. Credit: PixelBiss/Shutterstock.com. Repsol has entered into an agreement with the Venezuelan Ministry of Hydrocarbons and the state oil company Petróleos de Venezuela (PDVSA) to increase oil extraction at the Petroquiriquire asset. PDVSA has a 60% stake in Petroquiriquire and Repsol owns the remaining 40%.
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Enbridge wins new permit to maintain North Dakota border pipeline Original

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By Shree Mohan Mishra
| Offshore Technology Verified
The permit applies to petroleum-derived products such as diesel, gasoline, jet fuel, kerosene, LPG and naptha. Credit: Ververidis Vasilis/Shutterstock.com. The US Government has authorised Enbridge Energy to continue operating and maintaining its existing cross-border pipeline facilities at Pembina County, North Dakota, following the issuance of a new presidential permit. Enbridge Energy is a Delaware-based limited partnership and a subsidiary of Canada-based Enbridge.
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Oil steadies as doubts grow over US-Iran peace talks Original

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By Shree Mohan Mishra
| Offshore Technology Verified
The conflict involving the US, Israel and Iran has caused disruptions to global oil and gas supplies. Credit: Sven Hansche/Shutterstock.com. Oil prices held steady on 16 April, rebounding from earlier losses amid uncertainty over whether US-Iran peace talks would succeed in easing the Middle East conflict that has disrupted oil production. By 06:11 GMT, Brent crude futures had decreased by $0.26 to $94.67 per barrel (bbl), reported Reuters.
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I Squared to buy Spire’s gas storage assets for $650m

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By Shree Mohan Mishra
| Offshore Technology Verified
Spire is divesting gas storage assets to help fund its expansion into the Tennessee, US, market. Credit: Andromeda stock/Shutterstock.com. US-based infrastructure investor I Squared Capital has entered into an agreement to purchase Spire’s natural gas storage facilities in Wyoming and Oklahoma for $650m.
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Vår Energi, Equinor file amended PDO for GGE project Original

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By Shree Mohan Mishra
| Offshore Technology Verified
The GGE project is due to commence production in Q3 2029. Credit: Vår Energi/Cision. Vår Energi and its partner Equinor have submitted a revised plan for development and operation (PDO) of the Goliat Gas Export (GGE) project to the Norwegian Ministry of Energy. The project aims to boost oil production at the Goliat field in the Barents Sea by enhancing reservoir management after extracting gas reserves, which are currently being reinjected.
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Oil prices hold as US-Iran talks loom amid Hormuz closure Original

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By Shree Mohan Mishra
| Offshore Technology Verified
The ongoing conflict largely shut the Strait of Hormuz, a crucial passage for Gulf oil exports to Asia and Europe. Credit: Sven Hansche/Shutterstock.com. Oil prices remained relatively steady on 15 April as investors evaluated the potential impact of renewed US-Iran discussions and possible supply releases from the Middle East, where exports are hindered by the closure of the Strait of Hormuz.
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Transocean’s Deepwater Corcovado secures $445m extension Original

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By Shree Mohan Mishra
| Offshore Technology Verified
Transocean’s fleet includes 27 drilling units, comprising 20 ultra-deep-water floaters and seven harsh environment rigs. Credit: nikkitok/Shutterstock.com. Transocean has secured a contract extension with Petrobras valued at approximately $445m (SFr347.89m) for its ultra-deep-water drill-ship the Deepwater Corcovado. The 1,156-day extension will commence immediately after the current engagement. This agreement with Petrobras will maintain the rig’s operations until November 2030.
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Oil and gas buyer’s guide for private cellular networks

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By Jay Haddow
| Offshore Technology Verified
Private 5G cellular networks for oil and gas. Credit via Shutterstock. The oil and gas industry is at a crossroads. Amidst the challenges of enhancing operational efficiency, productivity, worker safety and cybersecurity, there’s a simultaneous need to minimize environmental impact. This task is further complicated by a scarcity of skilled labor, limited access to capital, and geopolitical uncertainties, all introducing unpredictable risks beyond the industy’s control.
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The future of asset management

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By Jay Haddow
| Offshore Technology Verified
Prevent downtime and maximize performance through private networks. Credit via Shutterstock. In the energy and natural resources sector, disruptions and productivity losses can severely impact capital investments, workforce efficiency, and equipment lifespan. Hazardous environments—whether in oil and gas, mining, or wind energy—expose equipment to constant risks of malfunction and damage, threatening operational continuity. With digital transformation, asset management is evolving.
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Offshore Technology Journalists

Pearcey, Ed