The Johan Sverdrup field is expected to increase its daily production capacity up to 535,000 barrels of oil by mid-2021. This is around 100,000 barrels more than the original basis at start-up in October 2019.
Any doubt that the Biden Administration plans to slowly regulate fossil fuels out of existence vanished this week. First came the Keystone XL pipeline kill, but perhaps more significant is the 60-day freeze on new leases on federal lands and bureaucratic permitting. The pause could soon become a long-term ban.
McDermott International, Ltd announced that its CB&I Storage Solutions business has been awarded a study by a leading natural gas producer to research opportunities to expand current liquid hydrogen storage capacity limits.
Equinor and YPF have entered into an agreement with Shell to jointly farm-down 30% non-operated interests in the CAN 100 block, located in the North Argentinian Basin, offshore Argentina.
Odfjell Drilling will retrofit its newest deepwater, semi-submersible drilling rigs in the North Sea’s Norwegian sector with the system. The upgrades will be carried out on Deepsea Atlantic and Deepsea Nordkapp, with the opportunity to include Deepsea Stavanger, Deepsea Aberdeen, and Deepsea Yantai at a later stage.
Subsea 7 has been awarded a substantial(1) contract by Cabinda Gulf Oil Company Limited (CABGOC). The contract is for the Sanha Lean Gas Connection (SLGC) project comprising the construction and installation of the Lean Gas Platform (LGP) system in Block-0 offshore Angola, at a water depth of approximately 70 meters.
Equinor has been awarded 17 new production licenses by Norway’s Ministry of Petroleum and Energy in the 2020 Award in Predefined Areas (APA) – 10 licenses as operator and 7 licenses as partner.
Total and Apache Corporation have made a new significant oil and gas discovery at the Keskesi East-1 well, in Block 58 off the coast of Suriname. This follows previous discoveries at Maka Central, Sapakara West and Kwaskwasi.
The Gas Exporting Countries Forum (GECF), the global platform of the leading gas producing nations, has activated a new communication campaign on its social media channels that raises awareness about the benefits of natural gas as well as simplifies the facts of an industry often perceived as data heavy.
TDI-Brooks International, Inc. has completed a geophysical and geotechnical (G&G) campaign for Trident Equatorial Guinea off the coast of Equatorial Guinea in the Elon Field. The site survey work was performed off the R/V Proteus, a research vessel owned and operated by TDI-Brooks.
SAP SE and DNV GL, one of the largest independent management and quality assurance experts, said they have teamed up to deliver a new industry cloud solution, Corrosion Under Insulation (CUI) Manager, designed to tackle a major problem facing the integrity of oil and gas plants.
Despite significant strides in addressing Drops risks, Brazilian operators in O&G and other core industrial sectors risk losing early progress by defaulting to low-cost safety solutions, as global markets experience volatility.
National Ocean Industries Association President Erik Milito issued the following statement in response to the Biden Administration’s Executive Order establishing a one-year moratorium of new oil and gas leasing:
Altus Intervention AS and Archer Integrated Services AS have been awarded framework contracts for supplying integrated wireline services within well intervention to Equinor’s fixed platforms. The estimated total value of the contracts is close to one billion NOK per year, and the contracts are awarded for a fixed period of around five years from May 2021.
Following a detailed analysis of the climate positions of the American Petroleum Institute (API), Total announces its decision not to renew its membership for 2021.
Each year, Total assesses the main industry associations of which it is a member to ensure they are aligned with the Group’s climate positions. This alignment review is based on six key points:
These items are detailed in the Getting to Net Zero report issued in September 2020.
Following the 2019 and 2020 reviews, API's positions were assessed as "partially aligned" with those of the Group. Certain divergences, which have been discussed within the association, remain today:
Moreover, API gave its support during the recent elections to candidates who argued against the United States’ participation in the Paris Agreement.
"The Group acknowledges the API's considerable contribution, for over a century, to the development of our industry. Nevertheless, as part of our Climate Ambition made public in May 2020, we are committed to ensuring, in a transparent manner, that the industry associations of which we are a member adopt positions and messages that are aligned with those of the Group in the fight against climate change", said Patrick Pouyanné, Chairman and CEO of Total. "This transparency responds to our stakeholders' expectations, as well as being an essential guarantee of the credibility of our strategy."
Leading Aberdeen-based offshore training provider, Survivex, has started work on a contract with BP to develop and deliver a bespoke four-week training program for the operational personnel on the Greater Tortue Ahmeyim development project.
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