Oil & gas news

Autonomous underwater swarm robots and micro-polymers designed to reinstate well integrity, are just some of the exciting new technologies that have secured funding through the Oil & Gas Technology Centre’s TechX Pioneer Accelerator Programme.

The company signed a deal with VARD shipyard in Norway to purchase the vessel in late 2018. The vessel is currently undergoing an operational readiness programme and will begin work in the first half of 2019.

The company entered into an agreement with Eni to acquire a 25.5% participating interest in block A5A, located in the Angoche basin, offshore the Republic of Mozambique.

The companies have announced that they have been awarded subsea umbilicals, risers and flowlines (SURF) and subsea production system (SPS) equipment contracts by BP for the Greater Tortue Ahmeyim natural gas project, located offshore Mauritania and Senegal.

The company has announced that Petrobras awarded two of the Company’s ultra-deepwater drillships, the Ocean Rig Corcovado and Ocean Rig Mykonos, with a 629-day contract and 550-day contract, respectively.

The company has entered into an agreement to acquire 70% of the Maromba field offshore Brazil for a total acquisition cost of US$90 million from Petrobras.

The Bénin Onshore Block B is located in the Dahomey Embayment (Coastal Basin) and covers an area of 4590 km2 (approximately 1.1 million acres). The Block is located to the west of Bénin's capital Cotonou continuing to the Togo border.

Empyrean had announced that the Ministry of Energy and Minerals in Indonesia has approved the plan of development (POD) for the Mako Gas Field at the Duyung PSC in Indonesia.

Users of low voltage variable speed drives (VSD) can now keep processes running, test new applications or prove predicted energy savings before purchase, through a leasing programme provided by the ABB authorised value provider network.

To improve domestic energy security, the country unveiled further reforms in 2018, which have prompted interest from international investors. However, translating this into tangible production increases will be the next challenge, says GlobalData.