Asset Management
After a record year for LNG project approvals in 2025, multiyear repairs to war-damaged liquefaction facilities in Qatar and the UAE threaten to slow the growth of global LNG capacity.
The declaration builds on a memorandum of understanding the partners signed with Egypt in May to process Block 10 gas at the country’s LNG export and domestic gas facilities.
Alongside the new subsea awards, Equinor strengthened its position in the 400-million-bbl Bay du Nord development by acquiring BP’s interest in the project.
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The LNG will come from the offshore Qatargas 4 project in the North Field, a joint venture between Qatar Petroleum and Shell. -
The Dalmatian project is a brownfield development and represents the world’s longest multiphase tieback by boosting at some 35 km; the boosting system is installed at approximately 6,000 ft water depth.
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Six American oil executives under house arrest in Venezuela were rounded up by police hours after President Donald Trump met Venezuelan President Nicolás Maduro's chief opponent at the White House, according to family members of the men.
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The unseasonably warm weather in the northern hemisphere and the rise of the global supply levels has resulted in record-low LNG prices. Adding to that, the coronavirus epidemic in China has reduced business and industrial activity, with January’s LNG imports dropping by about 10% year on year.
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Will digital transformation continue to drive business impact beyond the hype? This interview with Ken Medlock, senior director of the Center for Energy Studies at Rice University, offers a perspective focused on the greater forces shaping the digital transformation trend.
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McDermott International has been awarded a large contract (defined by the company as between $50 and $250 million) by BHP to provide subsea umbilicals, risers, and flowlines (SURF), transportation and installation, and precommissioning of one jacket and topsides for the Ruby Project, offshore Trinidad and Tobago.
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Described as Brazil’s first-ever integrated SPS and SURF project, the development will include 19 wells, approximately 130 km of rigid risers and flowlines, and 35 km of umbilicals.
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The company's industrial services business provides integrity and fabric maintenance for assets in the offshore oil and gas, process energy, marine, and infrastructure sectors across the UK and Ireland.
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The most recent hydrocarbon production boom is under way in the Middle East, and this time, the race is spilling into offshore waters.
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Oil Plus Ltd has been awarded contracts in excess of $5 million as it enters 2020.
