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P-68 is Petrobras’ fourth FPSO to begin operations this year following the startups of P-67 at the Lula field and P-76 and P-77 at the Buzios field.

Annual report says that governments have the greatest capacity and responsibility to shape the energy future.

A fresh wave of offshore project sanctions across Southeast Asia could boost greenfield investments in the oilfield service space by almost 70% in 2020. The growth will be driven by a handful of new megaprojects across Malaysia, Myanmar, and Vietnam, according to recent project commitments.

The upgrade project will increase the maturing field’s oil production to 485,000 B/D.

Solstad Offshore, a Norwedian offshore vessel owner, has been awarded a long-term contract with Global Offshore for the construction support vessel (CSV) Normand Clipper. The contract will begin in the first quarter of 2020 and last for 3 years. The deal also includes 5 years of options after the fixed term.

Occidental Petroleum has closed on deals totaling $1.7 billion as part of its divestment program following its $38-billion takeover of Anadarko Petroleum.

ADNOC said the agreements will maximize its access to new markets, effectively booking out the majority of its LNG production through the start of 2022.

The long-struggling shale operator’s share price on 12 November closed at 67¢/share, a 25-year low.

Lankhorst Ropes provided slings to Seaway 7 for a heavy-lift project on Shell’s Dolphin platform offshore Trinidad and Tobago. Shell contracted the installation of a permanent living quarter module on the facility, which it acquired from Chevron in 2017.

New research links a rise in seismic activity in West Texas with increased oil and gas development over the past 20 years and, in particular, the past decade.