Management
The operator has estimated about 500 million bbl of oil in place at Algaita in Block 15/06.
The planned facility was designed to process 34 MMcf/D of associated gas into fully refined gasoline.
The development is expected to add approximately 39 million BOE in recoverable resources to the Solveig field.
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The deal is expected to support the LNG exporter’s Sabine Pass liquefaction expansion project. -
The award is for Equinor's BM-C-33 development in Campos Basin.
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The construction of the CP2 LNG facilities in Cameron Parish is scheduled to start this year.
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One expert says there needs to be a transfer of safety culture from the traditional energy industry to the newer offshoot of renewables.
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The consortium will leverage the oil and gas industry's 100+ years of experience and technological developments in drilling and subsurface engineering to advance geothermal.
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Shell and Equinor are progressing the project toward a final investment decision, which is expected later this year.
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Contracts for the Uaru project’s FPSO and subsea installation were awarded to MODEC and Saipem.
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The deal covers the supply of a subsea production system for the Uaru project in the country’s prolific Stabroek Block.
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Offshore work related to the contract is slated to begin in 2024.
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Considering the admirable perpetual transformation of the deepwater sector and the crucial impetus for change in the industry, the yearning for aggrandized and augmented innovative advancements is needed more now than ever.
