(WO) – Technip Energies has been awarded a significant contract by Shaanxi LNG Reserves & Logistics Co. Ltd. for the 3 million normal cubic meters per day Xi'An LNG Emergency Reserve & Peak Regulation Project in China. The contract is worth between €50 million ($54.53 million) and €250 million ($272.67 million) of revenue. The contract...
(WO) –Karoon advises that Baúna production, including from the Patola field, was shut-in at 17:00 on March 28 in a safe and controlled manner, due to a loss of containment incident associated with the high pressure flare on the FPSO, Cidade de Itajaí. The FPSO operator, Altera&Ocyan (A&O) mobilized a team of specialists to the FPSO to ide...
AUSTIN – The Railroad Commission of Texas highlighted the agency’s extensive work and expertise in plugging orphaned oil and gas wells during a visit from U.S. Secretary of the Interior Deb Haaland in Houston last week. Clay Woodul, RRC Assistant Director of the Oil and Gas Division for Field Operations, shows Secretary Deb Haaland and memb...
(WO) — KBR announced that its Canadian entity, KBR Industrial Canada Co., has received a Letter of Intent (LOI) from Equinor Canada for the front-end engineering design (FEED) of the topside facilities of the new Bay Du Nord floating production, storage, and offloading facility (FPSO) to be located offshore Newfoundland, Canada. The agreeme...
(WO) — QatarEnergy has entered into an agreement with Shell to acquire a 40% working interest in the C-10 block located offshore Mauritania. The C-10 block covers a total area of approximately 11,500 square kilometers and is located approximately 50 kilometers off the coast of Mauritania in water depths of approximately 50 to 2,000 meters....
(WO) — Ocean Installer, an international marine construction and operations contractor, has formalized an alliance with global energy technology company Baker Hughes to deliver a new, integrated subsea engineering solution – that provides efficiencies from project appraisal through to operations. L-R: Romain Chambault, Baker Hughes VP Globa...
(Bloomberg) – Russia has decided to keep its oil production at a reduced level through 2023 amid high volatility in the global market, said Deputy Prime Minister Alexander Novak. Russia had previously pledged to cut its crude-only output by 500,000 bpd in March in response to Western sanctions, including price caps on its oil and petroleum...
(Bloomberg) – OPEC+ announced a surprise oil production cut of more than 1MMbpd, abandoning previous assurances that it would hold supply steady and posing a new risk for the global economy. It’s a significant reduction for a market where — despite the recent price fluctuations — supply was looking tight for the latter part of the yea...
(Bloomberg) -- Ovintiv Inc. is nearing a deal to acquire oil and gas assets in the Midland Basin from private equity firm EnCap Investments, according to people with knowledge of the matter. An agreement could be announced as soon as Monday, said the people, who asked not to be identified because the talks are private. A final agreement hasn...
(WO) — RWE, a global offshore wind company, and Entergy, which owns and operates one of the cleanest large-scale U.S. power generating fleets, have agreed on a partnership to analyze the Gulf of Mexico offshore wind market. The companies signed a Memorandum of Understanding to jointly evaluate the delivery of clean energy from offshore wind to in...