Upstream project news

Under the company’s Fast4Ward programme the total number of hulls ordered to date stands at five, with three allocated to projects.

The new class notation IVBS-BRA developed by Bureau Veritas will help clients to demonstrate compliance with Brazilian regulations for operating FPSOs and FPUs in the country's deepwaters.

The survey took place in water depths of 750 to 3500 m and is Nigeria’s first regional multi-client multibeam and seafloor sampling (MB&SS) study.

Petrobras is revising all exploration and production projects as a result of its new oil pricing assumptions.

The company is targeting additional savings to those in April, and now expects to reduce overhead and project support costs by at least US$125 million in 2020 and by up to US$200 million in 2021.

The guidelines aim to help companies understand good practice in how to identify, rank, approve and carry out opportunities to optimise production.

The company recently engineered a pair of ROV-deployable magnetic mounts to allow the loggers to be mounted directly onto subsea cross braces on a platform at two separate depths.

A Rystad Energy analysis shows that gross US cuts could reach at least 2 million bpd in June, including liquids.

12 prospective parcels of land will be opened for tender across Queensland’s resource-rich Bowen and Surat basins between Blackwater and Goondiwindi.

In collaboration with Marathon Oil Corp and EG LNG, the country's Ministry of Mines and Hydrocarbons has awarded a contract for the development of a gas master plan to British company Gas Strategies.