Saudi Aramco has announced that it has signed 15 Memoranda of Understanding (MoU) and strategic and commercial collaborations valued at more than US$34 billion. The deals, which can be seen below, are with 15 international partner companies and entities from eight countries in three…
Global oil and gas development spend needs to increase by around 20% to meet future demand growth and ensure companies sustain production next decade, according to new research from Wood Mackenzie. Malcolm Dickson, director, upstream oil and gas, said: “companies will need to start…
BiSN has achieved a world first in conjunction with Aker BP and Altus Intervention, through the deployment of the largest ever bismuth plug. The company’s Wel-lok M2M technology, which can be used during well and rigless well abandonment, was deployed via E-line in collaboration…
Initial production rates at the BW Energy-operated Tortue field located in the Dussafu Marin PSC, offshore Gabon, are fully in line with expectations. The Dussafu licence is operated by BW Energy Gabon (BWEG), which holds a 91.667 percent interest, while Panoro holds an 8.333…
Partners in the SNE field offshore Senegal have submitted the development and exploitation plan to the government with approval targeted later this year. The Joint Venture comprises Cairn as current operator with a 40% Working Interest (WI) alongside partners Woodside 35% WI, FAR Ltd…
The “Innovation, collaboration, and cost-reduction” session was held on the first day of OEEC 2018 (Organisation for European Economic Cooperation) and focused on new technological advances in the offshore industry. As the session explained, every industry downturn calls on service providers and operators to…
Overall, crude oil prices have surged in the past year. The uptick has inspired various oil and gas industry observers to ponder whether crude oil will return to the triple digits – as was the case as recently as 2014. Whether crude crosses the…
Petrogas E&P Netherlands BV has exercised an option with Maersk Drilling to extend the current contract of the jack-up rig Maersk Resolute. The contract extension is for one well, A15, on the Dutch continental shelf, with an expected duration of 21 days. The exercised…
CNOOC has contracted Aker Solutions to provide the subsea production system and umbilicals for the Lingshui 17-2 gas field in the South China Sea. The contract is valued at more than NOK1.7 billion (US$205 million). The subsea production system for the Lingshui 17-2…
EDF Renewables North America has selected MHI Vestas Offshore Wind as the preferred supplier for the Nautilus Offshore Wind project off the coast of Atlantic City, New Jersey. The pioneering offshore wind project, the first in New Jersey, has plans to feature three V164-8.3…
