McDermott International said on Tuesday it has been awarded contract from Petrobras for engineering, procurement, construction and installation (EPCI) of subsea risers and flowlines for the first phase of the Sepia field, located 280 kilometers from the Rio de Janeiro coastline in Brazil…
British oil and gas company Hurricane Energy started up its Lancaster field west of Scotland's Shetland Islands, it said on Monday, pushing its shares up 6 percent to a seven-week high.Hurricane specializes in recovering oil from fractures in…
Dutch-based floating production, storage and offloading unit (FPSO) provider SBM Offshore has won a contract to deliver an FPSO for ExxonMobil’s second phase of the Liza development offshore Guyana.Esso Exploration and Production Guyana Limited (EEPGL)…
Italian supermajor Eni said it has found gas and condensate in the first exploration well drilled in CTP-Block 4, approximately 50 kilometers off the Ghana coast.The well was drilled on the Akoma exploration prospect and proved an estimated…
Brazil's national energy council on Thursday published updated parameters for a massive oil auction scheduled for later this year, including minimum levels of profit-sharing with the government, while also urging a shakeup in the refinery sector…
Aker ASA expects Ghanaian authorities to approve a revised $4.4 billion development plan for the offshore Pecan oilfield by the end of the third quarter of 2019, the Norwegian investment firm's chief executive told Reuters on Friday.The company…
Baker Hughes, a GE company, has been awarded a contract to supply turbomachinery equipment for the first phase of its Greater Tortue Ahmeyim floating liquefied natural gas (FLNG) project offshore Mauritania and Senegal. BHGE will provide the…
India's state-owned oil company Oil and Natural Gas Corporation (ONGC) has given a Notification of Award for for the US$2.1 billion charter and operations of a floating production, storage and offloading (FPSO) vessel. The FPSO is due to be…
France's Total SA said on Sunday it has agreed with Occidental Petroleum Corp to acquire the African assets of Anadarko Petroleum Corp for $8.8 billion, should the two U.S. oil and gas companies clinch a deal to combine.The agreement with Total…
Oil production by Petroleo Brasileiro SA fell 3.5 percent in the first quarter from the same period a year before, according to Brazil's oil regulator ANP, which attributed the fall to a number of scheduled and unscheduled stoppages.In a statement…
ExxonMobil has funded the Liza Phase 2 development offshore Guyana after it received government and regulatory approvals, the supermajor announced on Friday.Exxon said startup at Liza Phase 2 is expected in mid-2022, producing up to 220,000 barrels of oil per day from the deepwater Stabroek Block…
The development of the Mero field, part of the Libra pre-salt complex offshore Brazil, has opened a range of opportunities for equipment and services in the oil and gas sector in the South American country. A range of equipment from wet x-mas trees…
The international midstream services provider to the offshore oil production industry Teekay Offshore Partners announced that it has secured a new $100 million revolving credit facility for the Piranema Spirit, Voyageur Spirit, and Petrojarl Varg FPSO units…
Deepwater mooring rope manufacturer Lankhorst Offshore announced Wednesday it has been awarded a contract by TechnipFMC to supply the mooring lines for the Energean Power floating production, storage and offloading unit (FPSO) for the Karish and Tanin gas fields…
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…
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