News

  • Exxon Contract Worth at Least US$500 million to TechnipFMC

    TechnipFMC reported on the 1st October that it has won a large subsea contract from a unit of Exxon Mobil Corporation ranging in value from US$500 million to US$1 billion.   Under the terms of the award from Esso Exploration and Production Guyana Limited (EEPGE),…

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  • Aker Solutions scoops up Tommeliten Alpha contracts

    Aker Solutions has won two contracts from ConocoPhillips for the Tommeliten Alpha development offshore Norway.   The NOK 1.2 billion (US$129.3 million) deal will see the company deliver the subsea production system.   The scope of work includes ten vertical subsea trees, two manifolds, wellheads,…

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  • Nanotechnology project to boost North Sea gas production

    Scientists from the University of Aberdeen are developing new technology they claim will be a ‘game-changer’ in enhancing production from North Sea gas fields.   Nanotechnology is more commonly associated with medical sciences, with limited application in the oil and gas sector. But now, academics…

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  • Groene Wind launched in Turkey

    DEME has launched its first service operation vessel (SOV) at the CEMRE shipyard in Yalova, Turkey.   Named Groene Wind (green wind), the small waterplane area twin hull (SWATH) vessel will be deployed for wind farm maintenance activities.   Due for delivery in 2021, the…

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  • NPD gives green light for Aerfugl Phase 1 production

    The Norwegian Petroleum Directorate granted consent to Aker BP to start production from Phase 1 of Aerfugl gas and condensate field Phase 1 development.   Development of the Norwegian Sea field will occur in two phases, both with three wells, all of which will be…

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  • Premier Oil announces extension of Stable Platform Agreement

    Premier Oil’s creditors have approved an extension to the previously announced Stable Platform Agreement with the Group’s financial covenants waived through to 5 November 2020.   Discussions continue relating to the proposed refinancing and possible alternative transactions.   Original article link   Source: Energy-pedia

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  • EU Oil Refineries Struggling With Diesel Glut

    The coronavirus is destroying the profitability of Europe’s oil refiners and the industry is hunkering down for a tough winter.   Owners of plants in Finland, France and the Netherlands made announcements in recent weeks that point to the likely closure of facilities in those countries. While…

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