Onshore/Offshore Facilities
Stonepeak will pay $5.7 billion for 40% interest in the project due for FID later this year.
Terra Drone will support Aramco's operations and Saudi Arabia's technological and economic progress.
Offshore activity is expected to begin in 2027 with first oil from the 20K-psi project slated for 2028.
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This study examines the implementation of a predictive maintenance method using artificial intelligence and machine learning for offshore rotating production-critical equipment. Conducted over 2 years at Murphy Oil’s deepwater platforms in the Gulf of Mexico, the project aimed to detect equipment issues early, reduce downtime, and streamline maintenance processes. -
Rystad Energy and Wood Mackenzie highlight key factors shaping the balancing act in the upstream oil market.
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Aramco expects to complete Phase 1 construction of the 9-mtpa facility in 2027.
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Delayed decommissioning has been a theme on the UK Continental Shelf thanks to legal, regulatory, and technical hurdles, the report says.
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The Interior Department has now approved more than 19 GW of offshore wind energy.
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Ruwais is slated to be the first net-zero LNG facility in the Middle East and North Africa.
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The new wells at Zohr are key to a plan to return Egypt’s gas production back to “pre-crisis” levels by June 2025.
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At peak, 100,000 BOE/D is expected to flow to the Whale production semisumbersible, which largely replicates the Vito semi.
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The acquisition, expected to close in early 2025, will bring Optime Subsea’s umbilical-less technology into Halliburton’s Testing and Subsea division.
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As Southeast Asia’s third-largest gas producer, PTTEP is investing in its energy security by prioritizing gas production and building up a global LNG supply chain.
