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Plans call for license partner Aker BP to serve as operator during the development phase, with operatorship reverting to DNO after first oil in 2028.
Production from the Búzios field now tops 1 million B/D with six floating production systems in operation and more on the way.
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The FEED contract is expected to be converted into an engineering, procurement, construction, and installation contract in Q1 2021. -
An economic downturn and global pandemic are among many issues US midstream operators are dealing with in 2020, including exposure to upstream bankruptcies, limited M&A activity, and regulatory issues.
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Using 3D and artificial intelligence technologies, a digital map of all three bridge-linked jackets was captured, enabling Neptune to detect asset-integrity issues early and plan fabric maintenance work on Cygnus.
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BSEE said details of the policy change will come later this year.
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The area has a potential for up to 11.8 million bbl of recoverable oil reserves. The program aims to keep oil flowing in the Trans-Alaska Pipeline System, which has seen dwindling throughput since 1988.
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Companies are looking to plan smaller LNG plants, which may be COVID-proof, but the industry still faces a 100-mtpa shortfall in the mid-2020s.
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There has been an increased number of major accidents at industrial facilities globally as many have come back online post-lockdown.
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New research released by Columbia University's Center on Global Energy Policy and Resources for the Future estimates that a federal program to plug roughly half a million abandoned and so-called "orphaned" oil and gas wells could create as many as 120,000 jobs and reduce pollution.
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The specification defines a minimum common set of requirements for the procurement of subsea pipeline valves.
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The company deferred three of four pipelines as it continues to push toward final investment decision.
