Upstream news
Milestone marked for 1000 t module for new Valhall platform
Aker BP, together with NOV and Nymo, have celebrated an important milestone in the Valhall PWP project: the completion of equipment installation on the 1000 t MEG module being built at Nymo’s yard in Grimstad.
Sinopec achieves a new breakthrough in China’s Sichuan Basin
This marks the birth of the first shale oil field in the Sichuan Basin, as well as the first oil field in Chongqing.
CNOOC Ltd announces Yellowtail Project commences production
The Yellowtail Project is located in the Stabroek Block offshore Guyana, with water depth of 1600 - 2000 m.
Johan Castberg field officially opened
Johan Castberg is Norway's northernmost oil field. The field will produce for at least 30 years.
ExxonMobil Guyana begins production at fourth offshore Guyana project
Yellowtail’s ONE GUYANA floating production storage and offloading (FPSO) vessel joins the Destiny, Unity, and Prosperity FPSOs, bringing total installed capacity in Guyana to above 900 000 bpd of oil.
SAMSUNG E&A secures FEED contract for eco-friendly LNG Project in Indonesia, strengthening its LNG and CCS ambitions
SAMSUNG E&A has announced that it received Letter of Award (LOA) for the Front-End Engineering Design (FEED) contract for the ‘Indonesia INPEX Abadi Onshore LNG Project’ from INPEX Masela Ltd, a subsidiary of Japan’s largest energy company INPEX.
Weatherford awarded Managed Pressure Drilling contract for Woodside Energy’s Trion deepwater development
The multi-year contract includes MPD services for an initial 8 wells with the potential to expand to 24 wells. The award reinforces Weatherford’s market leadership in high-performance MPD and expands its presence in Mexico’s offshore energy sector.
National University of Singapore’s Energy Studies Institute and FutureScaleX release new policy brief on US climate policy reversal and Asia’s growing CCS opportunity
The brief provides new analysis of stalled US project pipelines, modelling on the economic impact of new import tariffs, and a growing innovation gap that now favours East Asia.
Zefiro announces first-ever methane monitoring contract as part of the EPA's Methane Emissions Reduction Program (MERP)
This program is federally funded under the Inflation Reduction Act (IRA) which specifically provides US$850 million in grants to reduce, monitor, measure, and quantify methane emissions from the oil and gas sector.
Baker Hughes to acquire Chart Industries
Baker Hughes and Chart Industries have announced that they have entered into a definitive agreement under which Baker Hughes will acquire all outstanding shares of Chart’s common stock for US$210 per share in cash, equivalent to a total enterprise value of US$13.6 billion.