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According to a recent market study by Future Market Insights, the sales of global digital oilfield solutions is estimated to stand at a market valuations of US$54 415.5 million by 2028.
The company has announced approval from the State Mining Authority for Rhineland-Palatinate to raise the production limit at its operated Römerberg oil field in the Rhine Valley, south-western Germany.
The contracts have been assigned by the ENI Cote d’Ivoire-Petroci consortium for the Baleine Phase 1 Project, for the development of the relative oil and gas field offshore Ivory Coast located at a 1200 m water depth.
The new energy-saving and storage system will hybridise the vessel which currently has a total installed power of 27 MW and DP3 classification and is suitable for worldwide operations in water depths up to 3000 m.
The award is for the provision of jack-up and island rigs and associated Integrated Drilling Services (IDS).
Petrofac has officially taken over operatorship of the Northern Endeavour FPSO facility on behalf of the Australian Government. This major milestone is a huge step in the landmark decommissioning contract which heralds the start of an era of decommissioning in the nation’s offshore oil and gas sector.
95% supported strike action in a ballot turnout of 86% after Unite accused oil and gas companies of ‘unfettered profiteering.’ The strike action will involve a series of 48-hour stoppages every second week for the first 8 weeks and will start on 20 and 21 October.
The contracts are part of a longer-term Alliance Agreement with CHC which will enable Neptune and CHC to optimise flight scheduling and route planning, and reduce the total number of offshore flights.
Howden will supply two screw compressor packages to Majnoon oilfield, near Basrah, Iraq. With Howden’s compressor solution, the Majnoon oilfield will save 42 242 t of carbon emissions per year – the equivalent of annual fossil fuel emissions for 9100 cars.
ADC Energy has secured a contract worth more than US$1 million to deliver baseline condition assessments for five vessels for a North American company.
Under the two-year Field Maintenance Services contract extension, Petrofac will continue to support operations at the Haliba oil field, located onshore along the south-east border of Abu Dhabi, providing specialist personnel to maintain and support facilities.
A five-well work scope will be novated to PTTEP for drilling and plugging and abandonment activities at the Kikeh field offshore Sabah, with a total estimated duration of 116 days and expected commencement of the first well in November 2022.