Oil & gas news

The company has entered into an agreement with its customer, Equinor, to license and install Automated Drilling Control (‘ADC’) systems on four high-specification, harsh environment rigs and a fifth semisubmersible.

The company will provide transportation and installation of offshore structures, pipelines and pre-commissioning work for the Pan Malaysia field development located off the shore of Sarawak, Malaysia.

The company has reached an agreement to align the its interests, under Santos operatorship, across four exploration permits in the Bonaparte Basin offshore Northern Australia adjacent to a large existing contingent resource.

Wood has secured a new US$13 million contract with Equinor to deliver engineering, procurement, construction, and installation (EPCI) services to the Vigdis boosting station increased oil recovery (IOR) project.

Geologists at the University of Aberdeen have discovered a huge swathe of the North Sea left unexplored for oil and gas because of so-called ‘phantom’ volcanoes they have proven don’t exist.

Global liquefied natural gas (LNG) regasification capacity is expected to grow by 43% between 2019 and 2023, from 45.7 trillion ft3 in 2019 to 65.9 trillion ft3 by 2023, according to GlobalData.

Under the TechnipFMC/DOF joint venture agreement, TechnipFMC will manage flexible pipelay, and DOF will be responsible for marine operations.

After years of budget cuts, oil and gas companies are finally stepping up their exploration game. Several wildcat wells planned for 2019 have the potential to be 'elephant' finds, according to Rystad Energy.

The project is Valvoline’s first plant in China. Fluor booked the undisclosed contract value in the fourth quarter of 2018.

Agreement will provide proppant to industry leader.