Oil & gas news

The contracts will take effect before the end of 2022, have a three-year firm period, and three one-year options. The vessels will support Equinor’s activities on the Norwegian Continental Shelf.

On 10 October at 20:00 local time, the new platform in Brazil, Peregrino C, produced its very first oil.

Over 80% of the contract value will flow back into the UAE’s economy under ADNOC’s in-country value programme.

The company has officially opened its new Test Flow Loop facility in Esbjerg, which will provide essential corrosion testing for numerous Carbon Capture and Storage (CCS) projects.

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.