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 […]
Under the contract scope, McDermott will provide pre-FEED services for a proposed export-scale production facility for renewable and lower-carbon hydrogen and ammonia. Hydrogen will be produced using electrolysis technologies and natural gas reforming with carbon emissions abated or offset. “This award follows the successful completion of the concept study on H2Perth and decades of experience […]
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 […]
Keppel Offshore & Marine (Keppel O&M)’s wholly-owned subsidiary, Keppel Shipyard, has won an international tender from Brazil’s National Oil Company, Petroleo Brasileiro S.A (Petrobras), for the engineering, procurement, and construction (EPC) of P-80, a Floating Production, Storage and Offloading vessel (FPSO) for about US$2.9b. Scheduled for completion in 1H 2026, the P-80 is the second […]
The well is located in the state of Veracruz in the Tampico-Misantla Oil Basin. The terrain elevation is 80 meters above sea level, with a Medium Cretasic geological target. It has temperatures and pressures of 91C and 3,759 psi respectively with the expected hydrocarbon of light oil of 27 API degrees. The well will […]
The well is in the oil province Golfo de Mexico Profundos located off the coast of Tamaulipas state. The well has a water depth of 1,663 vertical meters over sea level, the geological objectives are Wilcox superior and inferior and Cretasic Superior with an expected light oil hydrocarbon of 30/36 API at a temperature […]
