TechnipFMC has confirmed details of its scope of work on an earlier jointly awarded contract by Siam Cement PCL subsidiary Long Son Petrochemical Co. (LSP) for construction of Vietnam’s first petrochemical complex at LSP’s $5.4-billion complex on Long Son Island in Vung Tau City, Ba Ria Province, about 100 km southeast of Ho Chi Minh City. […]
Equinor outlines plan to transform work on NCS
Equinor is introducing new measures to transform the Norwegian continental shelf to tackle future challenges of declining production, ageing installations, and the need for reduced carbon dioxide emissions. The company is on track to maintain profitable production from the NCS at current levels towards 2030, but after that, the NCS will enter a more mature […]
FPSO sails out for Egina field off Nigeria
One of the world’s largest floating production, storage, and offloading vessels has sailed away from a fabrication and integration yard in Lagos for installation on ultradeepwater Egina oil field offshore Nigeria. Source: News
MARKET WATCH: Brent settles above $76/bbl, NYMEX above $68/bbl
Oil prices rose Aug. 27 as stock markets hit record highs and continued the price momentum Aug. 28. US President Donald Trump said a US-Mexico trade deal would revise the North American Free Trade Agreement, but the revisions potentially could exclude Canada. Source: News
What’s next for Iran?
Total’s retreat from Iran illuminates the gravitational force business pragmatism exerts on high-altitude geopolitics. Source: News
Steel tariff woes
Since being implemented earlier this year, US President Donald Trump’s tariff on imported steel has placed the oil and gas industry-and its continued growth-in a kind of limbo. Source: News
Equinor submits Johan Sverdrup second-phase PDO
Equinor and partners associated with Johan Sverdrup oil field in the North Sea submitted the project’s Phase 2 plan for development and operation (PDO) to the Norwegian Ministry of Petroleum and Energy. Partners said the project has higher estimated resources and lower investment costs than initially believed. Source: News
Lundin appraisal well derisks new play concept off Norway
Lundin Petroleum plans an extended well test and further exploration drilling following positive results on Rolvsnes that derisk the similar on-trend prospectivity on an adjacent license. Lundin Norway AS completed appraisal well 16/1-28S on the discovery in production license 338C on the Utsira High in the Norwegian North Sea. Source: News
Petrobras updates status of Replan refinery after fire
Processing activities at Petrobras remained partially suspended on Aug. 27 following a fire that broke out Aug. 20 at its 415,000-b/d Replan refinery in PaulÃnia, Sao Paulo, Brazil. The temporary closure follows notification to Petrobras from Brazil’s National Petroleum, Natural Gas, and Biofuels Agency on Aug. 24 for a continued partial shutdown of the Replan facility […]
Eclipse, Blue Ridge Mountain agree to merge
Eclipse Resources and Blue Ridge Mountain Resources have agreed to merge in an all-stock transaction. The combine, with an enterprise value of $1.4 billion, will create a large, top-tier Appalachian energy company with 227,000 net effective undeveloped core acres across its Utica and Marcellus footprint with liquids-rich and dry gas optionality with added “stacked pay” […]