Oil & gas news

The company has announced the award of a contract for a two-phase subsea development.

The company has announced that the Transocean Equinox was awarded a five-well contract in Australia by a major operator, representing approximately US$137 million in firm backlog.

The company has awarded a contract for subsea umbilicals, risers and flowlines (SURF) to TechnipFMC, and a sales and purchase agreement (SPA) for the delivery of a floating production, storage and offloading (FPSO) unit to MODEC Inc.

The company has announced it has received its best environmental, social and governance rating to date from Sustainalytics, putting it in the top 3% of all global oil and gas companies rated by the organisation.

Luiz Hayum, Senior Research Analyst, Latin America and Sub-Saharan Africa Upstream Oil and Gas, said “The BM-C-33 is Equinor’s second FID in a long list of justified for development deepwater projects outside Norway.”

The company has secured a multi-year contract with Petrobras to license its digital design and decision-making platform, FieldTwin.

The company has completed the acquisition of a portion of Chesapeake Energy’s oil and gas assets in the Eagle Ford shale, south Texas for US$1.4 billion.

The company has revealed plans to build the North Sea Renewables Grid (NSRG), an offshore integrated green power and transmission system, powered by floating wind, that oil and gas platforms will plug into for clean power.

With several challenges facing new gas developments in Latin America, supply will be unable to keep up with demand, driving the need for expanded imports to the region over the next decade.

“With Wintershall Dea’s first operated exploration well drilled in Mexico, the announced expected resource of 200 to 300 million boe of oil and gas in place outperforms the original prospective resource estimated at 196 million boe”, said Adrian Lara, Principal Research Analyst Latin America Upstream Oil and Gas.