The award will increase the Lower Zakum field’s gas production capacity from 430 million to 700 million standard cubic feet per day (MMSCFD), supporting ADNOC’s plans to enable gas self-sufficiency for the UAE and cater to increasing global energy demand. The Engineering, Procurement and Construction (EPC) contract was awarded by ADNOC Group Offshore to National […]
The 1.3GW offshore wind farm comprises 165 wind turbines, located 89km off the Yorkshire Coast, which will help power over 1.4 million UK homes with low-cost, clean, and secure renewable energy. The wind farm is situated alongside its sibling Hornsea 1, which together can power 2.5 million homes and make a significant contribution to […]
🔹Three-well contract with Eni Mexico S. de R.L. de C.V. offshore Mexico for semisubmersible VALARIS DPS-5. The contract is expected to commence in the fourth quarter of 2022 and has an estimated 240 days. The operating day rate is $313,500, plus approximately $1.2 million mobilization fee. 🔹Four-well contract extension with a duration in the […]
The demonstration cargo will be delivered to Aurubis, a leading global provider of non-ferrous metals and one of the largest copper recyclers worldwide, that has its headquarters in Hamburg. On arrival in Germany, HHLA Hamburger Hafen und Logistik AG (HHLA), one of Europe’s leading logistics companies will handle the cargo. Produced by Fertiglobe, a […]
The framework agreements are the largest of such awards in the oil and gas industry and were awarded to Al Ghaith Oilfield Supplies & Services Company, Al Mansoori Directional Drilling Services, Schlumberger Middle East S.A, Halliburton Worldwide Limited Abu Dhabi and Weatherford Bin Hamoodah Company LLC, following a competitive tender process. The awards […]
Yara and Northern Lights have agreed on the main commercial terms to transport CO2 captured from Yara Sluiskil, ammonia, and fertilizer plant in the Netherlands, and permanently store it under the seabed off the coast of Norway. This is an essential step for the development of large-scale decarbonization of heavy industries to help meet climate […]
The well is 248 km north of Dos Bocas, off the coast of the state of Tabasco in the Golfo de México Profundo Oil Basin. The water depth is 1,706 meters below the rotary table level, with Cretasic and Jurassic targets. It has temperatures and pressures of 71-78 C and 6,848-7,154 psi respectively with the […]
As the operator of the Pikka Unit joint venture, today announced a final investment decision (FID) has been taken to proceed with the US$2.6 billion gross (US$1.3 billion Santos-share) Pikka Phase 1 oil project located on the North Slope of Alaska. Pikka Phase 1 is expected to produce 80,000 barrels a day of oil gross […]
The MoU outlines pathways for strategic cooperation between Aramco and Sinopec and supports the long-term relationship between the two companies and their existing joint ventures in China and in the Kingdom. The wide-ranging areas of potential cooperation include; assessing refining and petrochemical integration opportunities; engineering, procurement and construction; oilfield services, upstream and downstream technologies as […]
SHELL Overseas Investments B.V., a wholly owned subsidiary of Shell Resources Plc (Shell), has completed its 100% acquisition of Solenergi Power Private Limited and with it, the Sprng Energy group of companies from Actis Solenergi Limited (Actis). Sprng Energy, set up in 2017 by Actis, is a renewable energy platform based in Pune, India, and […]