Asset Management
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.
Spain has granted permits covering a swath of the mountain range to Mantle8 for natural hydrogen and helium exploration a month after France granted the company similar permits.
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SBM will supply the FPSO and TechnipFMC will supply more than 50 subsea trees and a dozen manifolds for the project offshore Guyana. -
The fresh investment will result in the manufacture of new drilling-related equipment to assist the national oil company in boosting production capacity.
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Companies join forces in carbon capture project near LNG facility.
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Collaboration seems to be the name of the game as a slew of companies get together to drive the energy transition. These companies are focusing on alternative sources of methane, new ways of making hydrogen, and new ways of keeping track of it all.
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JERA Americas will receive just over a quarter stake in the LNG exporter for $2.5 billion.
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The new production vessel will be installed at the state oil company’s Parque das Baleias complex.
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“Where is Shell based?” The answer to that is likely to get simpler very soon.
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Africa’s first floating LNG facility will be towed from South Korea to its new home on the Coral South project.
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Although offshore drilling demand is slowly getting better, headwinds remain.
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Norwegian oil firm chooses Aker, Sevan, TechnipFMC and others to continue studying $8-billion-plus Barents Sea development.
