Upstream project news
Hess sets 2021 budget of US$1.9 billion
Most of the company's 2021 budget will be allocated towards operations in Guyana.
Lundin Energy and Odfjell Drilling sign letter of intent for Deepsea Stavanger rig
The contract is set to commence in 3Q21 with a duration of one firm well plus eight optional wells.
Baker Hughes to provide digital solutions across Petrobras sites
Baker Hughes will support Petrobras’ offshore platforms and FPSOs with software and hardware solutions.
Subsea 7 awarded contract to install platform system offshore Angola
Subsea 7 will construct and install a platform system for Cabinda Gulf Oil in Block-0 offshore Angola.
JDR wins subsea tieback work in Malaysia
JDR will manufacture and supply a 2.7 km long subsea production umbilical for the Ledang Redevelopment Segment 2 project, offshore Malaysia.
Energean to go ahead with subsea project offshore Egypt
A Final Investment Decision has been taken on the North El Amriya and North Idkunea (NEA/NI) concession subsea tieback project.
Aramco and stc unveil supercomputer for exploration decisions
Sophisticated imaging and deep-learning algorithms will allow the Dammam 7 supercomputer to run detailed 3D earth models, enhancing Aramco's decision-making on exploration and investment decisions.
NPD awards 61 offshore exploration licences to 30 companies
30 companies, including Equinor, Wintershall Dea, Lundin Energy, and Neptune Energy, have received offers of ownership interests in a total of 61 production licences on the Norwegian Shelf.
Wood partners with Spirit Energy to extend Morecambe Bay gas field life
The five-year consolidated services contract will see Wood work to extend field life, lower costs, and reduce late life carbon intensity.
SIAD Macchine Impianti supplies booster compressor for FPSO
SIAD Macchine Impianti has designed and built a booster compressor for a FPSO operating in the offshore marine area of Foinaven, to the west of the Shetland Islands.