Asset Management
Hungary’s MOL Group captures a major project within the EU and its largest upstream opportunity since it farmed into in Azerbaijan’s ACG offshore field.
As 50-50 joint venture partners in Arrow Energy, the operator of the Surat Gas Project, Shell and PetroChina will share the AUD 713 million (USD 501 million) cost of Phase 3.
The ultrasonic wellbore imaging firm is being taken over by Blackstone, the world's largest alternative asset manager.
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Worley gets the nod for commissioning and hook-up then hand-off to BP. -
The subsea tieback is expected to start up in 2021. This is Shell’s second major development on a tieback in the US Gulf of Mexico, following Kaikias’ startup in May.
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The strategy supports the Maximise Economic Recovery from UK Oil & Gas Strategy and Vision 2035, whose goal is to achieve £140 billion additional gross revenue from UKCS production by that time.
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Stork, part of Fluor’s Diversified Services segment, was awarded a contract extension by Centrica Storage Ltd to continue providing fabric maintenance and associated services for the company’s UK onshore and offshore oil and gas assets.
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Five years since the start of the precipitous oil price drop that led to the industry’s worst recession since the 1980s, the oil market is still struggling with supply/demand balances and price stability.
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The Bakken and Niobrara operator will eliminate 254 jobs in an effort “to better align [its] business with the current operating environment.”
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Lundin reports that the hookup and commissioning of installed facilities at the large North Sea field is progressing as planned. Phase 1 startup is still scheduled for November.
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A comeback in offshore and international exploration and production is making up for the North American slowdown, but it is a difficult transition.
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Using maglev technology, a new artificial lift system seeks to boost production output by sucking down reservoir pressure from inside the wellbore and from inside the reservoir.
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Do women in academia face the same challenges as their peers in industry?
