Fossil Energy
TEN orders up to three shuttle tankers in South Korea
Greek shipping major TEN has entered into a contract for the construction of up to three Suezmax DP2 shuttle tankers on long-term employment with an unnamed European charterer. TEN said that vessels would be built at a yard in South Korea and that the time charter equivalent minimum revenues to be g
Halliburton, TechnipFMC team up on subsea wells watch
Halliburton and TechnipFMC have introduced Odassea, the first distributed acoustic sensing solution for subsea wells. The technology platform enables operators to execute intervention-less seismic imaging and reservoir diagnostics to reduce total cost of ownership while improving reservoir knowledge
Aker BP cleared to use Maersk rig for Hod pilot hole
Aker BP has received consent from the Petroleum Safety Authority to use the Maersk Invincible rig for operations on the Hod field offshore Norway.
Petrofac wins $135 million worth job in Kazakhstan
Petrofac has secured an engineering, procurement, construction, pre-commissioning, and commissioning contract in Kazakhstan worth approximately $135 million.
New investors enter Acorn carbon capture and storage project
Pale Blue Dot, the lead developer of the Acorn Carbon Capture and Storage (CCS) project, has conducted a corporate restructuring following a strategic investment by multinational independent investment bank and financial services company Macquarie Group.
Equinor picks Aibel for work on Oseberg fields
Norwegian oil major Equinor has awarded Aibel a portfolio agreement for the Oseberg fields for the period 2020-2026.
Watch complex subsea operation of installing Dvalin Xmas trees
Wintershall Dea last December installed three Xmas trees on its Dvalin gas development, which has now moved from the drilling phase to the completion phase.
Rystad expects no new FPSO contracts in 2020 but sees quick rebound next year
Hit by the second industry downturn in five years, global awards for FPSO vessels will likely be limited to a single unit in 2020, Rystad Energy believes.
Offshore facility electrification to slash O&G industry’s CO2 emissions, Axiom says
Offshore energy research and advisory firm Axiom has studied how the electrification of platforms can have a meaningful impact on the carbon intensity of offshore oil and gas production. The above chart highlights Axiom’s view on how the 2020-2024 fixed production market has evolved through February
LR: Up to 40 per cent of FPSO maintenance work ‘unnecessary’
As much as 40 per cent of maintenance work carried out by floating production storage and offloading (FPSO) vessel operators was described as “unnecessary” by a report from UK’s classification society Lloyd’s Register (LR).
UK well engineering firm adds new operatorship division
UK’s well engineering and project management specialist Fraser Well Management (FWM) has launched a new well operatorship division.
PGS extending Hammerfest Basin coverage
PGS has recently started ultra-high-density seismic survey in the Barents Sea. The survey extends Hammerfest Basin coverage further west and north into the southern Loppa High. The first data will be available in the fourth quarter of 2020. The acquisition geometry builds on the configuration previo
PSE Kinsale Energy ceases gas production from Kinsale field
PSE Kinsale Energy has ceased its gas production at the Kinsale area gas fields in the Celtic Sea after 42 years of production.
Equinor finds gas and condensate in North Sea well
Equinor has discovered gas and condensate in an exploration well 30/2-5 S Atlantis, which is located near the Kvitebjørn field in the North Sea.