BP and partners have taken a final investment decision (FID) on the Azeri Central East (ACE) platform, the latest phase at Azerbaijan's super-giant Azeri-Chirag-Guneshli (ACG) oilfield. The US$6 billion project will be one of the biggest upstream FIDs of the year.
The oilfield services provider recorded revenue of US$7.9 billion in 1Q19, a decrease of 4% sequentially but a 1% increase y/y.
The company has signed an exploration and production sharing agreement covering Block A Offshore Ras Al Khaimah, as well as the relevant Joint Operating Agreement.
The joint venture COOEC-Fluor Heavy Industries Co., Ltd. (COOEC-Fluor) fabrication yard has completed the central and wellhead platforms for CNOOC’s Dongfang 13-2 gas fields development project.
DNV GL has secured a 3 year contract across the Dana Petroleum operated assets on the United Kingdom Continental Shelf (UKCS).
The company received the approval from the Romanian Government through the National Agency for Mineral Resources.
The well reached an intermediate TD of 4880 m approximately 7 days ahead of schedule.
Production from shallow wells for March 2019, was in aggregate 44 566 or 1658 bpd (February 2019 42 913 bbls or 1533 bpd), with oil sold at an average price of US$18/bbl (February US$20.50/bbl).
Moscow expects to reinforce its position as Europe’s largest natural gas supplier with Russia’s construction of two new pipelines.
Russian crude exports will reach a multiyear high of 5.7 million bpd in April, 400 000 bpd higher than average exports in the previous 5 months, according to a Market Alert released by ESAI Energy.
Among the new wins is the Submarine Rescue Service contract for The Royal Australian Navy.
Alba has also been advised by the Operator that preparations for the planned drilling start of HH-1z and HH-2 in the second quarter of 2019 are nearing finalisation.
The new location will also offer a hub facility for the company’s expanded field service and parts stocking capabilities in the region.
Borets, a leader in the engineering, manufacturing, sales and service of electric submersible pump (ESP) systems, has successfully installed its 250th permanent magnet motor (PMM) ESP system in the US.
The well is being completed as a producer in the Vivian formation in the northern portion of the Bretaña structure.