Production
News
October 06, 2023
The study, conducted by EIAP, finds that recently proposed restrictions on oil and natural gas vessels operating in the Gulf of Mexico would have a major impact on jobs, industry investment, government revenue and oil and natural gas production in the region, to a nearly one-quarter decline – which is more than 500,000 boed – in energy production in the Gulf of Mexico by 2040, even as demand continues to rise.
News
October 04, 2023
Semco Maritime will be responsible for executing topside modifications on Halfdan CA, the hook-up of the gas lift module, upgrading the design pressure of the liquid export pipeline, supporting topside modifications on Halfdan BB, and contributing to pipeline cleaning and testing.
News
October 02, 2023
The new business, which will adopt the OneSubsea name, will drive innovation and efficiency in subsea production by helping customers unlock reserves and reduce cycle time.
News
September 29, 2023
Baker Hughes announced two awards from Vår Energi that expand its regional presence in the North Sea for exploration logging, well intervention technology and subsea production systems.
News
September 28, 2023
The contract covers the manufacturing and installation of subsea production systems, flexible and rigid pipe, and umbilicals, as well as connection to the host facility. The project will use pre-qualified equipment, which will accelerate the delivery schedule.
News
September 28, 2023
The project will include the best available technologies to minimize greenhouse gas emissions, and the facilities will be designed for zero flaring, with the associated gas entirely reinjected into the reservoirs.
News
September 27, 2023
The fundamental reason for this decline is the lack of investment in new fields caused by the UK government’s new windfall taxes, which are now so high there is no cash left for new oil and natural gas production.
News
September 27, 2023
The Rosebank oil field is located around 130 km north-west of Shetland in approximately 1,100 m of water depth. Total recoverable resources are estimated at around 300 MMboe, with Phase 1 targeting estimated 245 MMboe.
News
September 26, 2023
Rio de Janeiro-based Petrobras recently met with Chinese financial institutions to get loans for itself, as well as for its equipment and services suppliers, Chief Financial Officer Sergio Caetano Leite said in an interview.
News
September 25, 2023
The plan marks a departure from the UK North Sea. The retreat comes as production from the aging basin dwindles and operators there see profits eroded by the government’s 2022 windfall tax.
Article
September 2023
An open collaboration and digitalization initiative is working to optimize FPSO production throughput and ensure equipment uptime, while reducing carbon footprint at scale.
News
September 21, 2023
The assets include 30,646 gross acres and are currently producing approximately 2,400 boed, of which 42% is oil. Estimated proved reserves for the eight properties totaled 3.2 MMboe (49% oil), of which 100% are proved developed.
News
September 20, 2023
The CO2 capture solution will apply MHI’s proprietary “Advanced KM CDR ProcessTM” technology, jointly developed with The Kansai Electric Power Co., Inc. The technology enables significant greenhouse gas emissions reductions from FPSOs by capturing CO2 from onboard gas turbines.
News
September 20, 2023
Akselos' digital twin RB-FEA technology is 1000x faster than legacy simulation solutions and allows for limitless scale and accuracy. This will enable the Enauta team to fully integrate the engineering real-time simulation into a real operational life environment.
News
September 20, 2023
Johan Castberg is a subsea field with 30 wells distributed on 10 templates and two satellites tied back to a floating production, storage and offloading vessel (FPSO).
News
September 19, 2023
Arena was the successful high bidder on seven leases in Lease Sale 259 held on held May 29, 2023. These leases—totaling 34,965 acres—range in water depth from 62 to 217 ft in the Gulf of Mexico, off the coasts of Texas and Louisiana in the Eugene Island, Main Pass, and Matagorda Island areas.
News
September 18, 2023
Abo FPSO has now reached a commendable milestone, having completed two decades of service in the Abo field. This achievement underscores its enduring contribution to the oil and gas industry in Nigeria.
News
September 15, 2023
The Technical Services Agreement covers the development of Block 2/5, and will involve the development of engineering wells and end-to-end technological complimentary services.
News
September 15, 2023
Recoverable reserves in the field are estimated at 27.6 MMboe, most of which is natural gas. The Eirin field, which was discovered in 1978, will be developed as a subsea facility tied to the Gina Krog platform in the North Sea.
News
September 14, 2023
In this special interview, the firm’s Head of Energy Industries, Northern Europe, PA Division, Per-Erik Holsten, discusses two oil and gas projects that ABB has a major role in, as well as efforts in the transition/renewables space.
News
September 13, 2023
The FPSO platform will undergo various legal and technical procedures before it is taken to the Mero field, in the Libra section of the pre-salt layer of the Santos basin.
