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Equinor to build wind farm to power oil platforms offshore Norway

Equinor to build wind farm to power oil platforms offshore Norway

Equinor made a final decision to invest in floating wind turbines to power offshore oil platforms off. Equinor and its partners confirmed a new timeline for the Rosebank project. Equinor, on behalf of the Njord licence, has awarded Saipem a subsea service contract. Hywind Tampen will cost a total of almost 5 billion kroner $550...

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ExxonMobil to sell Norway upstream operations for $4.5 billion

ExxonMobil to sell Norway upstream operations for $4.5 billion

ExxonMobil signed an agreement today with Var Energi AS. United Way of Beaumont and North Jefferson County to receive $200,000. Tripletail-1 well is located in Turbot area on the Stabroek Block. Technology uses advanced chemistry to remove carbon dioxide from emissions sources. Its non-operated upstream assets in Norway for $4.5 billion. Upstream liquids production grows...

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McDermott is said to hire restructuring firm for turnaround advice

McDermott is said to hire restructuring firm for turnaround advice

McDermott International hired restructuring firm AlixPartners for strategic and operational advice. World’s largest catalytic dehydrogenation unit, located at Hengli Petrochemical (Dalian) Refinery Co., Ltd.’s site in Liaoning Province, China. It includes fabrication engineering, procurement, construction and pre-commissioning scope for three modules. The company seeks to shore up its balance sheet, according to a person with...

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Schlumberger, IHS Markit bring analytics-ready data to GAIA platform

Schlumberger, IHS Markit bring analytics-ready data to GAIA platform

Schlumberger has established a strategic collaboration between WesternGeco. TGS and Schlumberger announced a strategic collaboration for multiclient ocean-bottom node projects in the deepwater U.S. Schlumberger expands petrotechnical workloads running on Google Cloud Platform. IHS Markit, a world leader in critical information, analytics and solutions. IriSphere look-ahead-while-drilling service reduces drilling risks. The collaboration will bring together...

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Equinor sets North Sea depth record with Snefrid Nord online

Equinor sets North Sea depth record with Snefrid Nord online

On September 1st, Equinor and its partners started production from the Snefrid Nord gas field. Korea National Oil Corporation (KNOC) and Equinor ASA have signed a Memorandum of Understanding. Equinor is presenting its Annual report. It also sets a new depth record on the Norwegian continental shelf. Equinor is awarding a contract for constructing and...

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Saudi Aramco offers no surprises in first earnings results call

Saudi Aramco offers no surprises in first earnings results call

Saudi Aramco’s senior executives can breathe a collective sigh of relief. Saudi Aramco announced for the first time its half-year financial results. 50 percent of contracts are being awarded to Saudi Arabian companies. Saudi Aramco signaled its commitment to cutting edge technology. Saudi Aramco and Baker Hughes signed a memorandum of understanding. Saudi Aramco is...

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Aramco remains world’s most profitable company even as oil falls

Aramco remains world’s most profitable company even as oil falls

Saudi Aramco showed Monday it’s still the world’s most profitable company. Saudi Aramco announced for the first time its half-year financial results. Profit slid 12% to $46.9 billion in the first six months of 2019. 50 percent of contracts are being awarded to Saudi Arabian companies. Saudi Aramco signaled its commitment to cutting edge technology...

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YPF awards McDermott pre-FEED contract for Vaca Muerta LNG in Argentina

YPF awards McDermott pre-FEED contract for Vaca Muerta LNG in Argentina

McDermott International announced it has been awarded a contract by Argentina-based YPF. It protests that briefly disrupted production in part of Argentina’s main shale. YPF SA, Argentina’s state-run energy producer, is closing the tap on some of its natural gas wells. The state-run energy firms of Chile and Argentina said on Wednesday. Norway’s Statoil has...

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ExxonMobil commits to joint development of open automation processes

ExxonMobil commits to joint development of open automation processes

ExxonMobil said that it has signed collaboration agreements with six other companies. Two liquefied natural gas trains planned with combined annual capacity over 15 million tons. Technology removes carbon dioxide from industrial sources and the atmosphere. It accelerate the development of Open Process Automation (OPA) systems. ExxonMobil provide $3 million to USAID to design and...

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McDermott wins FEED contract for Sohar LNG bunkering project in Oman

McDermott wins FEED contract for Sohar LNG bunkering project in Oman

McDermott International, Inc., announced it has been awarded a sizeable contract by Total Oman E&P Development. The joint venture’s scope of work covers the onshore engineering. Qatar Petroleum has awarded the FEED contract for the North Field Expansion Project’s. McDermott has awarded a charter extension to the Bourbon and Oceanteam-owned construction. It also includes the...

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