Designed and built in Perth, Western Australia, the 44-tonne full-scale prototype combines traditional subsea tree technology with several new elements that allow it to swivel, providing 360-degree mooring capability for offtake vessels. SourceContinue Reading
Scheduled for release in early August, the carbon storage assessment is constructed from the largest subsurface library in the world comprising formation tops, petrophysically interpreted logs, and reservoir property maps, including the maximum carbon storage volume per formation. SourceContinue Reading
To support production growth, Angola has introduced a fresh slate of blocks spanning marginal fields, onshore and offshore opportunities. In a first for the country, five marginal fields are on offer in Block 4, Block 14, Block 15 and Block 18 – all of which are operational. SourceContinue Reading
ConocoPhillips received a second information request from the U.S. Federal Trade Commission (FTC) regarding its proposed acquisition of Marathon Oil. Both companies received the requests on July 11 and are collaborating with the FTC to review the merger. SourceContinue Reading
Ramco Norway has been awarded 80% of the volume of oil and gas pipes running from Equinor at Fjord Base in Florø to the Norwegian Continental Shelf. Additionally, the company has been allocated 100% of the volume from Sandnessjøen and Hammerfest. SourceContinue Reading
This year’s Economic Report from the Permian Strategic Partnership (PSP) emphasizes the area’s status as the second lowest producer of CO2 emissions per barrel of oil equivalent among the major onshore producing basins worldwide. SourceContinue Reading
Wood has secured a six-year contract to provide brownfield engineering, procurement, and construction management (EPCm) solutions for Shell’s Prelude Floating Liquified Natural Gas (FLNG) facility in Western Australia. SourceContinue Reading
With details for Angola’s 2025 licensing round announced earlier this week, African exploration markets are making a push for upstream investment by deploying more attractive terms and offerings for global investors. SourceContinue Reading
Features of the FPSO’d include zero routine flaring and venting, variable speed drives and measures to control emissions and capture CO2, including an all-electric concept, which focuses on efficient power generation and increased energy efficiency to achieve a 30 percent reduction in greenhouse gas emissions intensity compared to a design which does not include such...Continue Reading
On Shell’s Capital Market Day in 2023, Shell committed to deliver upstream and integrated gas projects coming on stream between 2023 to 2025, with a total peak production of greater than 500,000 boed. Jerun is expected to contribute to this commitment. SourceContinue Reading
