A total new-build capital expenditure (CAPEX) of US$846 billion is expected to be spent globally on planned and announced upstream projects from 2019 to 2025.
The contract with Shell involves a team which will deliver an integrated verification and class project for the operator's Penguins floating production storage and offloading (FPSO) vessel.
A Rystad Energy review of the performance of their recent projects against those of other operators shows that the three European oil giants have outperformed their peers.
The Norwegian Petroleum Directorate has granted A/S Norske Shell a drilling permit for well 6304/3-1, cf. Section 15 of the Resource Management Regulations.
Subsea 7 has announced the award of a sizeable contract by Shell as part of the deepwater Vito development, approximately 150 miles south of New Orleans, in the US Gulf of Mexico.
Siccar Point Energy has started drilling a final appraisal well on the Cambo field, north-west of Shetland, with results expected this summer.
The contract, which runs until 2022, includes supporting BSP with inspection, repair and maintenance services to be carried out on offshore oil and gas structures in Negara Brunei Darussalam's territorial waters.
Rowan Companies plc has announced that the Rowan Viking, an N-Class ultra-harsh environment jack-up rig, has been awarded a five well programme by Shell UK Limited for plugging and abandonment work on the Goldeneye platform in the Central North Sea.
Leading asset lifecycle services specialist Bilfinger Salamis UK has been awarded a multimillion pound contract for technical manpower services on Shell U.K. Limited southern North Sea (SNS) assets.