Oil & gas news

The subsea equipment market has gradually recovered since 2016, reaching over 300 awards of subsea trees in both 2018 and 2019 – three times more than in 2016, according to Rystad Energy.

The ratification paves the way for the conclusion of Somalia’s first Offshore Somalia License Round, with an expected closing date for submissions of bids at the end of 3Q20.

The scope of work entailed engineering and FEM calculations to prepare Jumbo’s ‘Fairplayer’ – a DP 2 heavy lift crane vessel – for an FPSO installation job offshore Brazil.

ADM will acquire 25% of the interests, rights and obligations held by EER (Colubus) Nigeria in OML 113.

Operator Aker BP plans start-up of the Skogul oilfield in the North Sea in March 2020.

The volume of gas resources in the field is estimated at 200 trillion ft3 of rich raw gas.

The report outlines the ministry’s infrastructure plans, including refineries and storage depots and provides insight into how the country has advanced its sales of crude oil on the open market.

Halle Aslaksen joins the Aberdeen-headquartered company from the Norwegian hydropower operator Småkraft.

Johan Tønsberg will support the company's growth in the region.

CannSeal’s technology repaired an unconventional cement packer design, thereby facilitating development of an additional reservoir.