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Independent Operators Lead 2020 FPSO Surge

Feb 04, 2020

2020 will be a peak year for floating production, storage and offloading unit (FPSO) demand with up to 14 awards forecast in Wood Mackenzie’s base case scenario, half of which will be located offshore Latin America. Only two of these facilities are expected to be Petrobras units…

Norway Mulls Where to Draw the Line

Feb 03, 2020

A handful of Norway-based arctic oil and gas explorers and their hydrocarbon finds might be the last at today’s recognized Barents Sea’s ice edge, if an expert group’s recommendation to bring offshore activity south gains political traction…

Uptick for Subsea Tree Installs Coming

Jan 30, 2020

Increasing activity, led by scaled down, accelerated projects and subsea tiebacks is helping drive an increasing business in the subsea industry. But there’s slim chance of revisiting the boom days of 2013, the Society of Underwater Technology’s…

The Energy Transition, Stupid

Jan 30, 2020

“Fit at 50”, “life begins at 70” and “the swinging 60s” were all slogans chosen to reflect oil price market sentiment in 2017, 2018 and 2019, respectively. This year, at the Society of Underwater Technology’s (SUT) annual Global Subsea Market Outlook Business Breakfast…

FPSO Orders Continue Climb

Jan 30, 2020

The swollen number of orders felt in 2019 for floating production, storage and offloading vessels (FPSO) was, it turns out, well above the average number of yearly go-aheads seen in over the past 10 years, a new floater report says.Oil prices…

Why Senegal's Offshore Licensing Round is Significant

Jan 29, 2020

The long awaited first ever offshore licensing by Senegal has finally been launched as the West Africa country inches closer to achieving its national medium- and long-term hydrocarbon sector investment plan and drive to transform the upstream resource into a source of clean electricity generation…

Oil to Gas: Nalcor’s Challenge

Jan 28, 2020

Leaders of a public oilfield investment entity in Newfoundland, Canada, are in a rush to secure more oil — and the province’s first gas production — as well as more investment from international oil companies, government documents suggest.With some decrying gas as the new oil…

Virus Might Slow Travel, But Not Oil Price

Jan 27, 2020

With three Chinese cities and about 23 million people “quarantined”, the newly formed corona virus looks set to disrupt all from the oil price to crew movement to the ability of managers to travel unobstructed — that’s if it gets that bad.Already…

Panoro, Vaalco Make Progress Offshore Gabon

Jan 22, 2020

Gabon looks to be on its way to achieving the projected 50% increase in crude oil production in the next one year if the positive result from offshore wells development, by two of the leading international oil companies operating in the country…

In Norway, Signs of Industry-wide Health

Jan 20, 2020

A range of oil companies and their suppliers saw their market value enrichened Monday for reasons that included oil skipping its usual end-of-month dip in December, as WTI and Brent in 2020 still looking like 2019.With oil stable, even “minor”…

Transition or Transformation: Energy Opportunities

Jan 17, 2020

Dave Stewart, CEO of Wood’s Asset Solutions business in Europe, Africa, Asia & Australia, discusses how traditional upstream oil and gas businesses are responding to this transitional period to continue to provide sustainable, affordable, reliable and safe access to energy…

GE Wins Scottish Substation Frame Deal

Jan 16, 2020

A flurry of North Sea and North American offshore substation awards culminated Thursday in a contract award to GE Renewable Energy’s Grid Solutions business from EDF Renewables and ESB for their Neart na Gaoithe offshore wind project.GE said…

Major Offshore Project in Senegal Reaches FID

Jan 15, 2020

Senegal could as well be on the way to joining the league of top African oil and gas producers in the next three years after developers of one of the most profound offshore discoveries announced reaching a final investment decision (FID).The Rufisque Offshore…

Zama a Giant Plus for Mexico

Jan 13, 2020

At 670 million barrels of recoverable oil, Mexico’s Zama field would be a nation-building giant in any prolific oil-bearing basin.That reserves estimate — made this week by Netherland, Sewell & Associates for Talos Energy, the Houston-based…

Exploration in 2020: The Transition is Yet to Start

Jan 10, 2020

The Energy Transition and Extinction Rebellion may have led the energy news agenda and stimulated reflection in many exploration and production (E&P) boardrooms in 2019, but the impact on exploration drilling is not yet apparent. The global high impact well[1] count in 2019 was 91 wells…

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