Page 25 - Offshore Technology News Today

US-based Red Willow Offshore is reportedly considering selling its non-operated stakes in six oilfields, in the Gulf of Mexico.

Escalating tensions between Ukraine and Russia are pushing fuel prices up, fuelling concerns of continued disruptions.

Global vinyl acetate monomer capacity is expected to grow within the next five years, with Asia leading in capacity additions.

According to GlobalData, 56 FPSO units are set to operate during 2022-2027, with South America being on top of FPSO additions.

Malaysia's state energy firm Petronas has put 14 exploration blocks on offer in its 2022 Malaysia Bid Round (MBR).

The Woodside announcement comes as companies are beating a hasty retreat from the increasingly volatile nation.

Recent protests in Kazakhstan have put its stability under the spotlight and highlighted its importance to oil and gas supply chains.

Subsea 7 has received a contract, from Beacon Offshore Energy, for the Shenandoah development in the Gulf of Mexico.

Aramco has been seeking to drive domestic energy projects and boost the national economy following the pandemic.

The nation declared an environmental emergency over the weekend, following the spill reportedly triggered by waves from an eruption in Tonga.