Offshore
News
April 19, 2024
The National Ocean Industries Association (NOIA) Board of Directors has elected Jonathan Landes, President, Subsea of TechnipFMC, as the NOIA Chair for the 2024-2025 term. Joe Leimkuhler, Chief Operating Officer of Beacon Offshore Energy, was elected as the 2024-2025 Vice Chair. Jon and Joe were confirmed in their positions during the NOIA Board of Directors meeting Friday morning.
News
April 18, 2024
ABL’s scope of work includes the T&I of the shallow water platform, subsea installation at both fields including a 160 km subsea pipeline from the said platform to the shore.
News
April 18, 2024
The country’s economic growth is forecast to decline 5.5% this year, making it the world’s worst-performing economy, according to available IMF data. And after nearly three decades in Equatorial Guinea, Exxon Mobil Corp. is planning to pull out entirely, a decision the company says is part of a long-term strategy.
News
April 18, 2024
The FPSO Jaguar’s design is based on SBM Offshore’s Fast4Ward program that incorporates the company’s 7th new build, multi-purpose floater hull combined with several standardized topsides modules.
News
April 18, 2024
Transocean's Deepwater Asgard was awarded a 365-day contract extension in the U.S. Gulf of Mexico at a rate of $505,000. Additionally, a customer exercised a three-well option in Angola for the Deepwater Skyros at a rate of $400,000.
News
April 18, 2024
Petrobras has sold its entire stake in the Cherne and Bagre fields, in the shallow waters of Brazil’s Campos basin to Perenco Petróleo e Gás do Brasil Ltda (Perenco) for $10 million.
News
April 17, 2024
The collaboration combines Seatrium’s insights into trends and opportunities within the O&M sector with the research capabilities of A*STAR and its National Platforms such as the Technology Centre for Offshore and Marine, Singapore. The parties aim to boost the O&M sector’s pivot to new energies efficiently and reliably, and support the global transition to a low-carbon economy.
News
April 17, 2024
This concept and delivery method allows the individual 24 jumpers to be cut to the desired length, terminated, and tested onsite in Guyana, providing flexibility to the end-user. The jumpers, made of carbon fibre and PA12 polymer, will be installed at water depths over 1,600m and will operate in the region of 10,000psi.
News
April 17, 2024
According to Petrobras, that number is likely to grow even more. With new production systems to be installed in the coming years, the field's capacity will be increased to around 2 MMbpd by 2030.
News
April 17, 2024
Investors in ExxonMobil Corp. have the excitement of huge discoveries in Guyana, and TotalEnergies SE and Shell Plc can look to promising deep-water finds in Namibia. But for bp, real value lies in an intensely drilled region where the company has decades of experience — the Gulf of Mexico.
News
April 17, 2024
The latest Ringhorne North exploration well in PL 956 was successful with estimated recoverable resources of between 13 and 23 MMbbl of oil.
News
April 16, 2024
The final Risk Management and Financial Assurance for OCS Lease and Grant Obligations rule amends existing regulations by substantially increasing the level of financial assurances that operators must provide in advance.
News
April 16, 2024
Once completed, the N05-A Platform will be the first electrified gas production platform in the North Sea, which will run entirely on offshore renewable energy from the nearby Riffgat offshore wind farm.
News
April 16, 2024
An estimated 11 Bbbl of crude oil was found in the water off the southwest African nation’s shores in 2022 by TotalEnergies SE and Shell Plc. Some have touted it as potentially the world’s biggest ever deepwater find. If even a fraction of that amount is profitable to exploit, it would quickly swamp the $13 billion Namibian economy.
News
April 16, 2024
TechnipFMC will provide project management, engineering, and manufacturing to deliver 48 subsea trees and associated tooling, as well as 12 manifolds and associated controls and tie-in equipment.
News
April 16, 2024
The ACE platform is the seventh oil-production platform installed on the giant ACG field in the Caspian Sea. ACG first began production in 1997 and has since produced over 4.3 Bbbl of oil. The bp-operated Shah Deniz gas field has two further platforms in the Caspian.
News
April 15, 2024
The Nong Yao-13 well was drilled to 5,399 ft measured depth and discovered just over 30 ft of new oil pay across several intervals. Additionally, two wells were drilled north of the Wassana oil field to identify sufficient oil volumes in this northern area of the block to justify a future development project.
News
April 15, 2024
The scope of the contract includes SLB’s full bore electric interval control valves and electric subsurface safety valves. The award is a catalyst toward full production system electrification for Petrobras, improving production availability via more reliable completions.
News
April 15, 2024
Seatrium and Shell have worked together on various projects over the years, including the recently announced Sparta floating production unit (FPU), which is conceived as a replicable project to leverage Seatrium’s topsides single lift integration methodology, following the fabrication of Vito and Whale FPU newbuilds in 2021 and 2023, respectively.
News
April 15, 2024
Saipem’s scope of work entails the detailed Engineering, Procurement, Construction, and Installation (EPCI) of a subsea production facility. The contract value is between $750 million and $1.5 billion.
News
April 14, 2024
In a session entitled, "Electrification of Subsea Developments and Brownfield Infrastructure," at the 2024 Marine, Construction & Engineering/Deepwater Development Conference in Amsterdam, panelists from SLB, Saipem and FASTsubsea addressed what is one of the more intensive efforts in upstream oil and gas—electrification of deepwater assets.
