Upstream news

Adam Johnson, director of Leeds-based Tudor International Freight, said the structure was undoubtedly well-intentioned and would cause some UK oil and gas businesses to breathe sighs of relief.

Wood Mackenzie research analyst, Alex Siow, comments on the deal.

The two final platform topsides were installed using the heavy lift vessel Pioneering Spirit’s single lift technology.

The company has sold its Malaysian assets to a subsidiary of PTT Exploration and Production Public Company Ltd.

A total of 30 companies participated in Lease Sale 252, covering a 1.2 million acre area of federal waters in the Gulf of Mexico.

The company has announced that all parties to the previously announced Ruvuma farm-out agreement have agreed to an extension to the longstop date to 31 July 2019.

A ceremony was held in the Yamal-Nenets Autonomous Area to mark the launch of full-scale development of the Kharasaveyskoye field.

The work scope includes preparatory engineering work followed by system installation on five unmanned satellite platforms at the Tyra complex.

The contract for new facilities includes the full suite of EPCI services for six new offshore jackets as well as three associated topsides.

The company has announced that it has signed contract extensions for 12 of its vessels currently supporting the offshore operations of BP Exploration (Caspian Sea) Limited in Azerbaijan.