Oil & Gas News

In support of President Donald J. Trump’s America-First Offshore Energy Strategy, Interior’s Assistant Secretary for Land and Minerals Management Joe Balash and Bureau of Ocean Energy Management Acting Director Walter Cruickshank have announced that BOEM will offer 78 million acres for a region-wide lease sale scheduled for March 2019. The sale would include all available unleased areas in federal waters of the Gulf of Mexico.

Aberdeen-based production optimization specialist Enpro Subsea has announced that the £1.5million investment project in its Flow Intervention Services (FIS) technology, which included a £755,000 research and development grant from Scottish Enterprise, has started onshore testing ahead of planned subsea field trials later this year.

The BHP Board has approved US$696 million (BHP share) in funding to develop the Atlantis Phase 3 project in the US Gulf of Mexico. This follows sanction by BP, as the Operator, of the Atlantis Phase 3 project, announced in January 2019.

Saipem has been awarded two EPIC contracts (Engineering, Procurement, Installation, Construction) assigned by the client Saudi Aramco for a total amount of approximately 1,3 billion USD as part of the Long Term Agreement for offshore activities in Saudi Arabia, renewed in 2015 and in force until 2021.

In November 2018, Vår Energi (formerly Eni Norge) and Simon Møkster Shipping signed an agreement to upgrade the supply vessel Stril Barents in order to reduce CO2 emissions. The upgrade involves the installation of shore power connection, combined with a new battery solution for energy storage on board.

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