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The investment by the mooring solutions provider comprises new office and workshop premises adjacent to the existing FMS headquarters in Aberdeen, and the appointments of Carl Lafferty and Marc McGruther, who join as Survey & Positioning Manager and Project Delivery Manager, respectively.
The modifications to the Troll B and C platforms offshore Norway will include installation of equipment for receiving electrical power from shore via cable.
The appointments include Edward Kerr as Global Sales Manager, Kevin Robertson as Middle East Regional Manager, and David Charles as Well Engineer.
The acquisition phase will continue until April and fast-track data is expected in October 2021.
TechnipFMC has split into two independent companies: TechnipFMC and Technip Energies.
Production operations at the Johan Sverdrup field and Mongstad terminal will continue as normal.
The contract relates to Carnarvon's Buffalo project offshore Timor-Leste, where the objective is to drill the Buffalo-10 well in the second half of 2021.
ONGC will ramp up gas production from its Krishna Godavari Basin block to about 3-3.5 million m3/d from May, which will be further raised to 8.5 million m3/d in 2022/23 before hitting peak rate in 2024.
The partnership will offer the owners of oil and gas discoveries near Repsol Sinopec’s existing North Sea infrastructure hubs an integrated, technically robust and commercially flexible solution to meet their near to mid-term development objectives.
Norway’s authority on petroleum safety has awarded a contract to Vysus Group for risk consulting services.
Oil prices have jumped again as cold weather causes US supply growth slowdown, in addition to an overall bullish market sentiment.
GlobalData’s latest report, ‘Q4 2020 Global Oil & Gas Industry Contracts Review’, states that the upstream sector reported a total of 815 contracts in 4Q20.