Oil & Gas News

Hess announced another oil discovery offshore Guyana at the Uaru well, the 16th discovery on the Stabroek Block. The company also announced an increase in the estimated gross discovered recoverable resources for the block to more than 8 billion barrels of oil equivalent, up from the previous estimate of 6 billion barrels of oil equivalent.

BHP Petroleum (via its subsidiary BHP Billiton Petróleo Operaciones de Mexico, S. De R. L. De C.V.) has contracted DORIS Inc. for the execution of Engineer Services for the SURF and Export Pipeline scopes of work of the Trion Project located in the Mexican Sector of the Gulf of Mexico.

Eni reports the start-up of its offshore Agogo oilfield, situated in the 15/06 Block in the Angolan waters. The start-up takes place just nine months after its discovery thanks to the operational synergies facilitated by the Floating Production Storage Offloading (FPSO) Ngoma, West Hub production center, situated 15km from the oilfield.

Fluor Corporation announces that Neptune Energy awarded a four-year framework agreement to its Stork Worley Integrated Solutions joint venture for engineering, procurement, construction, installation and commissioning, and decommissioning services for a brownfield modification for Neptune Energy's Dutch assets in the North Sea. Fluor will book its portion of the undisclosed contract value in the first quarter of 2020.

Polarcus has commenced the acquisition of the latest phase of the Cygnus regional multi-client 3D survey in the Vulcan Sub-basin, offshore north-west Australia. The 1,500 sq. km Phase 3 South survey, covering the Skua, Swift and Montara area, completes over 7,200 sq. km of continuous XArray™ Triple Source coverage.

The Arctic region is largely under-explored due to its cold, harsh climatic conditions, frozen seas and lack of investment in infrastructure development. However, this picture is gradually changing. Dwindling oil and gas reserves worldwide is raising the case for exploration and production (E&P) companies to venture into the Arctic in search of hydrocarbons, according to GlobalData, a leading data and analytics company.

Prysmian Group has been awarded a contract by Libra, a consortium of prime international oil & gas operators, for Steel Tube Umbilicals to be installed in the Mero offshore oilfield. The Libra Consortium is led by Petrobras – with a 40% interest – in partnership with Shell Brasil (20%), Total (20%), CNPC (10%) and CNOOC Ltd. (10%). The consortium also has the participation of the state-owned company Pré-Sal Petróleo SA (PPSA) as manager of the Production Sharing Agreement.

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