Testing page for app

The Búzios-5 production system is planned to include the interconnection of 15 wells to a floating production, storage, and offloading vessel in two phases.

Awards are expected to recover to seven vessels next year. Over the past 10 years, only 2016 saw a lower level of activity when not a single FPSO contract was awarded.

When oil demand vaporized, oil sands producers cut 300,000 B/D of production from wells using steam injection to produce bitumen. It is a huge test of something they have long been reluctant to do—turn down in-situ production when prices plunge.

Exploration is widely perceived as discretionary, even unwarranted. A report from Wood Mackenzie, however, presented a different scene. Only about half the supply needed to reach 2040 is guaranteed from fields already on stream, it said. The rest requires new capital investment and is up for grabs.

The partnership will deliver autonomous robots for safe work in adverse land, sea, and downhole environments.

The joint oil field had been offline since 2015, due to an operational dispute.

Schlumberger showcased its role in the industry’s digital revolution recently with its first online conference. During the conference, the company launched six pieces of technology focused on gathering and consolidating digital data.

The court said it was mindful of the disruption the shutdown will cause but said the seriousness of deficiencies from the US Army Corps of Engineers outweighs the negative effects of shutting down the pipeline.

CB&I Storage Solutions joins a list of contractors working on the Trans Mountain Expansion Project.

Apache, Qatar, and Shell clinch best discovery, best new venturer, and energy transition leader.