LLOG Exploration Company, a privately-owned exploration and production company focused on the deepwater Gulf of Mexico, has announced the achievement of several significant milestones in the construction of the Salamanca Floating Production Unit (FPU). SourceContinue Reading
Aquajet has introduced a new support system designed to enhance the capabilities and flexibility of Hydrodemolition robots in challenging environments. The system centers around the upgraded Aqua Spine 3.0, an extendable rail system that attaches easily to any surface. SourceContinue Reading
Perma-Pipe announced it has received a formal letter of award for a development project located in the GCC region. Perma-Pipe will provide thermal insulation, anti-corrosion coatings, and other services from its Abu Dhabi facility. SourceContinue Reading
Shell has announced that oil discovered offshore Namibia in PEL 39 cannot be currently confirmed for commercial development. As such, the company will write down $400 million, citing technical and geological difficulties. SourceContinue Reading
TotalEnergies, Basra Oil Company and QatarEnergy broke ground on a $250 million project to capture gas from the Ratawi oil field in Southern Iraq. The planned facility will process 50 million cu. ft. per day of gas that was previously flared, TotalEnergies stated. SourceContinue Reading
Constellation and Calpine Corp. today announced they have entered into a definitive agreement under which Constellation will acquire Calpine in a cash and stock transaction valued at an equity purchase price of approximately $16.4 billion. SourceContinue Reading
Shell and Chevron announced the start of oil production from the Whale semisubmersible platform in the deepwater U.S. Gulf of Mexico. Chevron owns 40% working interest in Whale, with Shell owning 60% interest as operator. Estimated peak production from the Whale development is 100,000 gross boed. SourceContinue Reading
Subsea 7 has secured a contract with Equinor for a front-end engineering and design (FEED) study with EPCI option for the Fram Sør development project, offshore Norway. SourceContinue Reading
Chevron has commenced production from the Whale semisubmersible platform in the deepwater U.S. Gulf of Mexico. Chevron owns 40% working interest in Whale, with Shell owning 60% interest as operator. Estimated peak production from the Whale development is 100,000 gross boed. SourceContinue Reading
An Environmental Statement developed by Xodus Group helped to pave the way for a major carbon capture and storage (CCS) project to become the UK’s first to reach financial close. The ES is the first for a CCS project in the UK to have reached this stage. SourceContinue Reading
