Oil & gas news

The Snorre Expansion contract covers the delivery of subsea production systems and includes 6 subsea templates and subsea production equipment.

Rystad Energy has concluded that 2017 was yet another record low year for discovered conventional volumes globally. Less than seven billion boe were discovered YTD.

Beryl, an already discovered but undeveloped gas field, lies in the shallower zone in the same location as the underlying Helang Gas Field (“Helang”) and Layang Oil and Gas Field (“Layang”) in Block SK10, Offshore Sarawak.

SBM Offshore has announced that on December 19, 2017 it completed the project financing of FPSO Liza for a total of US$720 million.

Fluenta has announced the launch of its new range of ultrasonic flow transducers. The two new transducers enable ultrasonic measurement of gas flow in highly challenging environments.

Global Offshore will focus the staff, vessels and subsea equipment needed to meet the demands of oil & gas companies operating around the world.

ROVOP Limited, an independent operator of underwater remotely operated vehicles (ROVs), is to immediately increase its fleet by 50% to meet ongoing customer demand following a funding boost of £56 million.

The companies have agreed to combine in an all-stock transaction to create a premier fully vertically integrated onshore-offshore company, with a broad EPCI service offering and market leading technology portfolio.

Repsol has submitted a new Plan for Development and Operation (PDO) for the Yme field in the North Sea. More eight billion kroner will be invested in the development. The planned start-up is 2020.

Petrofac has announced that it has completed the migration of the Santuario Production Enhancement Contract (PEC) into an interest in a Production Sharing Contract (PSC).