Asset Management
Trafigura will purchase 100,000 metric tons of battery-grade lithium products under a decade-long take-or-pay contract valued at over $2 billion.
The Absheron gas field expansion will supply additional natural gas to Azerbaijan’s domestic market and support its export commitments to Turkey, allowing Baku to stay focused on meeting its gas export obligations to Europe.
A credible custody-transfer record depends on far more than the accuracy of a single meter. It is the product of an integrated measurement chain. While meter performance supports measurement-system integrity, commercial confidence also depends on traceability, governance, and authorization.
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The Oklahoma City independent has a new-look portfolio and new operational and financial priorities. And now it has enlisted an energy research firm to leverage advanced analytics and machine learning to help get the most out of its assets. -
The announcement comes 7 months after the two received permission to begin the tendering process for the project offshore Nigeria, which is expected to carry a peak production of 225,000 BOPD by 2022.
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Current production from the phase is 400 MMcf/D and expected to peak at 700 MMcf/D. A third phase also is slated to come on stream this year.
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Trendsetter Engineering completed its 2-year design and build work for Noble Energy’s Leviathan project.
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The Eagle Ford Shale has reclaimed its standing as one of the most attractive US onshore liquids basins, and for good reason. Does this mean more operators will seek to buy in to the play, and could further consolidation take hold following last year’s big deals?
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Teekay Offshore has agreed to a 3-year contract extension with Petrobras for the Piranema Spirit, an FPSO located in the Piranema field offshore Brazil. The agreement, which includes termination rights for Petrobras with 10 months’ advance notice, was signed in January but takes effect this month.
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DCN Diving has received a contract from Dana Petroleum to execute work offshore the Netherlands. Under the terms of the deal, DCN will perform the fabrication, installation, and precommissioning of various tie-in spools and a flanged connector for Dana’s DP-012 gas export pipeline.
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DCN will execute fabrication, installation, and precommissioning of various components for a gas export pipeline from two platforms in the Dutch North Sea.
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The struggle to overcome the challenge of frac hits has led to a critical dialogue about which pathway the shale sector should take. One idea is to simply put the problem at the center of every major decision.
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Culture, not controls, will drive the next phase of industry safety evolution, said presenters at a recent HSE conference.
