Oil & gas news

The implementation of the Digital Fabric Maintenance solution has enabled greater digitalisation and a reduction in the total time spent on inspection and development of maintenance plans in an active FPSO.

The company has announced the completion of its 46th well intervention in the Gulf of Mexico.

Well 6406/5-2 S encountered a gas/condensate column of about 24 m in the Garn Formation, 46 m of which was a sandstone reservoir with poor to moderate reservoir properties.

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.