Oil & gas news

Seatrium Ltd (Seatrium) has announced the successful delivery of the floating production unit (FPU), Whale, for deployment in the Gulf of Mexico, in accordance with the contract secured in November 2019 with Shell Offshore Inc.

Production from the Breidablikk field in the North Sea started on 20 October, four months ahead of schedule and within budget.

The company has made two key appointments to strengthen its sales and operations team as the business experiences continued growth across Europe and the US.

The Energy Information Administration estimate that U.S. marketed natural gas production in the Lower 48 states (L48) will grow by 5% in 2023 and 2% in 2024.

Woodside CEO Meg O’Neill said the quarter-on-quarter increase in output to 47.8 million boe was underpinned by strong operating results at Pluto LNG.

China merchant heavy industries (CMHI) has contracted TMC compressors (TMC) to deliver the completed marine compressed air system to a newbuild FPSO the Chinese yard is constructing for SBM Offshore.

The African upstream oil and gas sector is in the middle of an US$800 billion capital expenditure (capex) programme that will see liquified natural gas (LNG) emerge as a major investment theme alongside traditional deepwater oil according to Wood Mackenzie.

Following the completion of the transaction and regulatory approvals, the company is increasing its participating interest in the Reggane Nord natural gas project by 4.5%.

The sale includes the Abadi gas project. Completion of the sale follows regulatory approval from Indonesia’s Ministry of Energy and Mineral Resources for the transfer of SUOS’ stake to PT Pertamina Hulu Energi Masela and Petronas Masela.

Rune Christian Godejord and Trevor Ogilvie count more than 30 years’ experience in the energy industry between them, including in subsea oil and gas and topside controls across multiple regions.