Oil & gas news
McDermott, Schneider Electric and io consulting to develop net zero upstream facilities
The result of the collaboration will be published in a joint study on net zero upstream facilities before the end of the year.
Neptune Energy increases interest in Dugong discovery
Neptune Energy is to increase its interest in the Dugong licence to 45%.
Norway strike could close Johan Sverdrup field
If the ongoing strike on the Norwegian continental shelf continues until 14 October, the Johan Sverdrup field in the North Sea will have to close production until further notice.
Expandable technology restores well for Gulf of Mexico operator
Coretrax is delivering significant operational efficiencies for operators with its latest expandable technology.
Oil prices rise as supply gets hit by US hurricane and Norway strike
Oil prices have risen today as a hurricane in the US and an oil worker strike in Norway reduce global supplies.
Proserv and Synaptec sign alliance agreement
The arrangement will lead to the roll-out of multiple technologies applicable to the offshore wind and upstream oil and gas sectors.
Living quarters added to Energean Power FPSO
The Living Quarter module and eight pipe rack modules have been successfully lifted on to the Energean Power FPSO hull at Sembcorp’s Admiralty Yard, Singapore.
McDermott begins shipping FPSO modules for MODEC
The FPSO will be located in the Area 1 block, approximately six miles (10 km) off the coast of Mexico in the shallow waters of the Campeche Bay.
Equinor project costs increased by COVID-19
Equinor has said that the COVID-19 pandemic has interrupted the development of Norway's offshore oil and gas projects, pushing up costs and postponing startups.
Oil falls as Trump breaks talks on stimulus bill while US stockpiles increase
Oil prices declined today as US President Donald Trump halted negotiations on a new stimulus bill that would support the Covid-19 hit economy, while US crude stocks also increased.