Fid News

 

Woodside Targets Scarborough FID in Early 2020

Oct 17, 2019

Woodside Petroleum Ltd has pushed out the final approval date for its mammoth Browse gas project but slightly brought forward plans to sign off on its smaller Scarborough project as it races to fill an anticipated global supply gap.Woodside…

Shell Reaches FID for Pierce Upgrade

Oct 03, 2019

Operator Shell and its partner Ithaca Energy have taken final investment decision (FID) to upgrade the Pierce oilfield in the UK North Sea so that it can produce natural gas, Shell said on Thursday.The depressurization project involves modifying the existing floating production…

Barossa FID Expected in Early 2020

Sep 27, 2019

Santos, a partner in the Barossa offshore gas and light condensate development offshore Australia, said the project is moving toward a final investment decision (FID) early next year following operator ConocoPhillips awarding the gas export pipeline contract to Dutch contractor Allseas…

Prelude FLNG Ships First LNG Cargo

Jun 11, 2019

The first shipment of liquefied natural gas (LNG) has sailed from Shell’s Prelude floating LNG (FLNG) facility offshore Australia, Shell announced Tuesday alongside its joint venture partners INPEX, KOGAS and OPIC.This shipment from the world’s largest floating producer of LNG…

IOG Inks LOI to use Maersk Rig on Harvey

May 07, 2019

UK small cap player Independent Oil and Gas (IOG) has signed a Letter of Intent to use Maersk Drilling's Maersk Resilient jack-up rig to drill the Harvey appraisal well in the southern sector of the UK North Sea. The well is expected to be started in July…

Cautious Optimism for an Offshore Recovery

May 01, 2019

Much has been made of an expected recovery for offshore. We share that optimism. We think there will be around 20 final investment decisions (FID) for floating production, storage and offloading units (FPSO), nearly 60 subsea projects and a total of 330 trees going ahead this year…

Ørsted to Build Two Wind Farms Off Taiwan

Apr 30, 2019

The world’s largest developer of offshore wind farms Ørsted announced Tuesday it will proceed with building two wind farms offshore Taiwan as the country continues its push to attract investment in renewables.Changhua 1 and 2a will be constructed in 2021 and 2022…

Subsea 7 Wins Three Woodside Contracts

Mar 06, 2019

Australia's Woodside Petroleum in recent months has awarded several oil and gas engineering contracts to Subsea 7 for two projects offshore Australia and one off Senegal, the offshore services company said on Wednesday.The three contracts awarded…

Shell: Nigeria Tax Claim May Delay Offshore Field

Feb 26, 2019

Shell upstream boss Brown sees 'no merit' in tax claim. Separately, Shell to fast track Whale development in Gulf of Mexico.Royal Dutch Shell said on Tuesday that Nigeria's claims that it was owed billions in taxes could delay the development…

Oil and Gas Projects to Triple in 2019

Feb 24, 2019

A surge in final investment decisions (FIDs) this year on new petroleum projects worldwide could see sanctioned volumes of oil and gas – excluding shale and tight oil and gas prospects – nearly triple compared to last year’s tally.The collective…

Energean sees 2018 FID for Karish, Tanin fields

Dec 07, 2017

Energean Oil & Gas expects to make a final investment decision (FID) for the Karish and Tanin fields offshore Israel in early 2018 as new gas sale purchase agreements (GSPAs) provide further momentum for the FID. Karish and Tanin fields…

ODE to support Vulcan Satellites development, from FEED to O&M

Oct 18, 2017

North Sea minnow Independent Oil and Gas has signed a letter of intent with Offshore Design Engineering for work on its Blythe Hub and Vulcan Satellites Hub development. ODE will provide technical and operational support ahead of final…

Ophir still reaching for Fortuna FID

Sep 14, 2017

Ophir Energy is holding out hope that the Fortuna FLNG project offshore Equatorial Guinea will reach final investment decision (FID) by the end of the year, however, the company still has a few hurdles to pass. Fortuna FLNG…

Dussafu reaches FID off Gabon

Jul 18, 2017

BW Offshore and Panoro Energy have agreed on a final investment decision (FID) for the Dussafu project offshore Gabon, with first oil set for next year.  Map of Dussafu, from Panoro. Panoro…

Ophir nears Fortuna FID, cuts workforce by 15%

Jul 12, 2017

Ophir Energy is expecting to have the Fortuna FLNG project final investment decision (FID) off Equatorial Guinea settled in the coming months, as the company moves to decrease costs by cutting 15% of its global workforce. Thailand operations…

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