Upstream news
Aker Solutions given FEED contracts for Valhall and King Lear projects
The Valhall field and the King Lear discovery are located on the Norwegian Continental Shelf.
Petrobras awards TechnipFMC flexible pipe contracts
The frame agreements cover the manufacture of more than 500 km of flexible pipe over the next four years, as well as services.
Cambo oilfield project paused following Shell withdrawal
Shell's decision last week not to progress the Cambo oilfield project in the UK North Sea means the development is being paused.
Oil Search receives shareholder approval for buyout by Santos
The deal would create a global top 20 oil and gas company and make Santos the largest shareholder in PNG's biggest resource project, the PNG LNG project, run by ExxonMobil.
Winners named for North Sea electrification competition
Orcadian Energy, Orsted and Katoni Engineering must now complete work on their studies by 31 March 2022, with project reports to be published in 2Q22.
ExxonMobil aiming for net zero emissions in Permian Basin operations by 2030
The plans are part of the corporate-wide effort to reduce upstream greenhouse gas emissions intensity by 40-50% by 2030, compared to 2016 levels.
PGS awarded 4D survey in Brazil
The survey will take place over the Roncador and Albacora Leste fields in 2Q22.
Saudi Aramco extends Worley’s contracts for offshore assets
Under the contracts, Worley will continue to provide project management, engineering, design, fabrication and installation supervision for Saudi Aramco’s portfolio of offshore projects.
Maersk Drilling given one-well exploration contract by OMV
The contract is for drilling a well in the Oswig prospect in Block 30/5C of the Northern North Sea basin offshore Norway.
TotalEnergies starts up CLOV phase 2 offshore Angola
The tie-back project will reach a production of 40 000 boe/d in mid-2022.