Offshore Production News - page 4

 

Petrobras Taps Saipem for $940M Búzios 7 SURF EPCI

Nov 22, 2021

Brazilian oil company Petrobras has awarded Italy's Saipem a new contract worth $940 million for the delivery of subsea umbilicals, risers, and flowlines (SURF) for the installation of a rigid riser-based subsea system for a project offshore Brazil…

Woodside, BHP Sanction $12B Scarborough LNG Project

Nov 22, 2021

Woodside Petroleum and BHP Group gave their final go-aheads to spend $12 billion to develop the Scarborough gas field off Western Australia and expand the Pluto liquefied natural gas (LNG) plant, with the first cargo expected in 2026.The approval…

Worker Medevaced from Platform off Louisiana

Nov 19, 2021

A worker was medevaced from a platform approximately 18 miles southeast of Grand Isle, La., the U.S. Coast Guard said on Friday.Coast Guard Sector New Orleans watchstanders received a call at approximately 2:40 a.m. stating a worker offshore was experiencing seizure like symptoms…

Report: Petrobras to Raise Capex to $60-$70B in 2022-2026 Plan

Nov 19, 2021

Petroleo Brasileiro SA is expected to commit between $60 billion and $70 billion in capital expenditure (capex) in its next multi-year business plan as Brazil's state-controlled oil company focuses on exploration and production in subsalt areas…

Norway: Oil and Gas Output in October Exceed Forecasts

Nov 19, 2021

Norway's petroleum output in October rose from the previous month, exceeding official forecasts, preliminary data from the Norwegian Petroleum Directorate (NPD) showed on Friday.Crude oil output increased to 1.82 million barrels per day (bpd) in October from 1…

Asian Countries Looking to Release Oil Reserves after U.S. Request

Nov 18, 2021

The world's biggest economies said on Thursday they were looking into releasing oil from their strategic reserves, following a rare request from the United States for a coordinated move to cool global energy prices.The U.S. move reflects frustration…

McDermott's Booster Compression Module for Inpex's Ichthys Explorer Platform

Nov 18, 2021

Offshore engineering and construction firm McDermott will deliver a booster compression module for the Inpex-operated Ichthys LNG development, having successfully completed FEED services.Under the contract award, McDermott will build the module…

80 New Jobs in Aberdeen: PD&MS to Modify Dana Petroleum's FPSOs

Nov 18, 2021

Engineering and construction company PD&MS Group has secured a contract to carry out modifications on Dana Petroleum's Triton and Western Isles FPSOs in the UK North Sea.The contract, of an undisclosed value, is expected to create up to 80 new jobs at its Aberdeen base…

Norwegian Oil Companies Lift 2022 Spending Forecasts

Nov 18, 2021

Oil and gas firms in Norway have increased their 2022 investment forecasts during the last three months as the industry prepares to take advantage of tax incentives designed to boost activity, a national statistics office (SSB) survey showed on Thursday…

ADNOC Awards $1.46B in EPC Deals for Dalma Offshore Gas Field

Nov 18, 2021

The Abu Dhabi National Oil Company (ADNOC) has awarded two engineering, procurement and construction (EPC) contracts totaling $1.46 billion (AED5.36 billion) for the Dalma Gas Development Project offshore Abu Dhabi.The Dalma field is part of…

Petrobras Orders Mero 4 Subsea Production System from Aker Solutions

Nov 18, 2021

Norwegian offshore engineering firm Aker Solutions has said it has won a 'substantial' contract with Petrobras to provide a subsea production system and related services for the Mero 4 project, offshore Brazil. Aker Solutions defines a substantial…

No Plans to Join OPEC, Brazil's Energy Minister Says

Nov 17, 2021

Brazil has no plans to join the Organization of the Petroleum Exporting Countries (OPEC) for now, although it is working with the producer group, its energy minister said on Wednesday.Brazilian President Jair Bolsonaro said in 2019 he wanted his country to join OPEC…

SBM Offshore to Build Fourth FPSO for Exxon in Guyana

Nov 17, 2021

Dutch FPSO specialist SBM Offshore has won contracts to perform Front End Engineering and Design (FEED) for an FPSO for Exxon's Yellowtail development offshore Guyana. This will be SBM Offshore's largest-ever FPSO.The FEED contract for what will be Guyana's fourth FPSO…

TechnipFMC to Deliver Subsea Production System for Guyana's Fourth Offshore Development

Nov 16, 2021

Oilfield services company TechnipFMC has said it has won 'a large' contract with ExxonMobil, to supply the subsea production system for the Yellowtail development in the U.S. oil major's Stabroek Block, offshore Guyana.For TechnipFMC, a “large” contract is between $500 million and $1 billion…

IEA Lifts Average Brent Oil Price Forecast for 2022

Nov 16, 2021

The International Energy Agency (IEA) on Tuesday upped its average Brent crude oil price assumption for 2022 to $79.40 a barrel, but predicted a rally may ease off as prices that hit a three-year high last month push up global production.Brent is expected to average $71…

Current News

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NEO Energy Wraps Buy of Exxon's UK North Sea Fields

Aker Solutions to Deliver Fifth Subsea Compression Module for Equinor's Åsgard Field

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'Largest' HALT Test Rig for Offshore Wind Nacelle Testing Launched in Denmark

'Largest' HALT Test Rig for Offshore Wind Nacelle Testing Launched in Denmark

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