The briefing on offshore oil and gas


news in numbers


The Oil & Gas Technology Centre believes that a technology-driven decarbonisation transition for oil and gas could deliver £2.3tn to the UK economy.


American multinational oil and gas major ExxonMobil has made its 18th discovery offshore Guyana at the Redtail-1 exploration well.


French oil major Total has opted to resign from its role of operator for five exploration blocks located in the Foz do Amazonas Basin, 120km offshore Brazil.


The oil industry is betting its future on strong plastics demand growth but the world's tackling of plastic waste to achieve climate targets risks $400bn of petrochemical investments, according to a new report.


The UK Government has announced that it would review its policy on the future offshore oil and gas licensing rule. The review is aimed at ensuring that oil and gas production is aligned with tackling climate change and delivering net-zero emissions by 2050.

project updates

Shell’s Bonga FPSO in Nigeria gets digital twin from Akselos

Swiss company Akselos has deployed a structural digital twin for Shell Nigeria Exploration and Production’s (SNEPCo’s) Bonga Main floating production storage and offloading (FPSO).

The FPSO is located 120km south-west of the Niger Delta, in water at a depth of over 1,000m.

Equinor completes “first-ever” drone operation to Troll A platform

Norwegian oil and gas major Equinor has completed the world’s first drone operation to Troll A offshore platform in the North Sea.

The drone flew a “3D-printed part” for the lifeboat system from the Mongstad base to the offshore installation.

Activists protest against Shell’s Brent field decommissioning plans

Greenpeace activists have returned to the Brent oil and gas field in the UK North Sea to protest against oil major Shell’s decommissioning plans for the field.

The environmental group’s ship ‘Esperanza’ approached the 500m exclusion zone around one of the Shell-operated Brent field platforms.

Further reading

Energy transition could force majors to sell or swap $100bn in oil and gas assets

According to a study by Rystad Energy of the geographical spread of oil and gas majors, said majors will need to sell or swap $100bn of oil and gas assets to transition to cleaner sources of energy. The report highlighted that the eight majors examined may need to divest combined resources of up to 68 billion barrels of oil equivalent in order to adjust. 

Source: Offshore Energy