
Trending Content on OGF
Under pressure from the Kingdom to help boost the private sector’s contribution to Saudi Arabia’s GDP to 65% by 2030, Aramco secures a cash payout of $12.4 billion in one of the world’s largest energy infrastructure deals ever.
The US Army Corps of Engineers deferred any decision to shut the line back to the district court.
Forecasters are predicting the sixth ‘above-average’ Atlantic storm season in a row.
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An autonomous robot will be deployed on an offshore platform for the first time by Equinor. The operator plans to use it as its eyes and sensors on future platforms where humans will visit only intermittently.
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Medhat (Med) Kamal is the nominee for 2023 SPE President. He and six others make up the new slate of nominees recommended for positions open on the SPE Board of Directors.
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The Sakaka solar plant, the country’s first large-scale renewable-energy project, is planned as the first of eight such projects.
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Success at the Fuling gas field in southwestern China will play a major role in the country's energy agenda.
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The Japanese contractor received word in early April it would be temporarily banned from new competitive bidding.
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The honorees will be recognized later this year at the OTC Distinguished Achievement Awards Luncheon.
Project and Market Trends
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Supply chain companies have seen their profits squeezed since the E&P cost cuts of the previous downturn, and just as the industry could finally hope for better days, the COVID-19 pandemic caused the value of 2020’s awarded contracts to slump to a 16-year low of $446 billion.
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On the normally unmanned Valhall Flank West platform, the survey of a 1-year-old box boom pedestal crane featured auto-testing of the automatic overload protection system. A similar inspection program was performed on two knuckle boom cranes on a FPSO vessel in Skarv.
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Partnership will move forward with the multibillion dollar Australian gas and condensate development.
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Petronas has become the first global energy company to own and operate two floating LNG production facilities. The PFLNG DUA loaded its first shipment on an LNG carrier bound for Thailand. Petronas is also stepping up promotion of its 2021 licensing round for new fields.
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The sale of the minority stake is part of its larger 2021 program to raise an average of $4 billion annually by shedding noncore holdings.
Technical Papers
A system was designed to extend the offshore wind-energy concept from the power grid to a subsea field-development application. The system integrates a floating foundation with a wind-turbine generator, with all the required utilities hosted directly onboard the same floater.