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Equinor Submits $9B FPSO Plan for BM-C-33 Fields Offshore Brazil

Equinor Submits $9B FPSO Plan for BM-C-33 Fields Offshore Brazil   Equinor said on Sept. 21 it has submitted a $9-billion FPSO-based development plan for two pre-salt fields in its operated BM-C-33 concession offshore Brazil. Equinor and its partners sanctioned the project in May, and some contracts have been let to MODEC for the FPSO and to TechnipFMC for subsea umbilicals, risers and flowlines. On Sept. 20, Equinor submitted to the Agência Nacional de Petróleo, G...

INEOS Enterprises Acquires Eramet Titanium & Iron (ETI) for $245 million

INEOS Enterprises Acquires Eramet Titanium & Iron (ETI) for $245 million   The deal which takes immediate effect, was completed today, following the satisfaction of regulatory approvals. ETI consists of an ilmenite transformation plant in Norway which produces raw materials used in the pigments industry. These are good quality, well located assets, complemented by an experienced operations team with high safety, health and environmental standards. INEOS Enterprises has...

Four international events for Vanzetti Engineering

Four international events for Vanzetti Engineering   Vanzetti Engineering is exhibiting at the forthcoming Gastech (Singapore, 5-8 September 2023), ADIPEC (Abu Dhabi, 2-5 October 2023), KORMARINE (Busan, 24-27 October 2023) and Marintec China (Shanghai, 5-8 December 2023). Cavallerleone, September 2023 - Vanzetti Engineering is attending four major international events to present its cryogenic pumps for Liquefied Natural Gas (LNG) and air gases. These are the Gastech, ADIPEC, KORMA...

Equinor declares commerciality for fields in the BM-C-33 area, in Campos Basin, Brazil

Equinor declares commerciality for fields in the BM-C-33 area, in Campos Basin, Brazil   Equinor has, on behalf of the BM-C-33 consortium, submitted to Agência Nacional de Petróleo, Gás Natural e Biocombustíveis (ANP), the Declarations of Commerciality and Plans of Development for two fields in the BM-C-33 concession in Brazil’s Campos Basin. Equinor (operator) is partnered with Repsol Sinopec Brasil and Petrobras in the consortium. The concessio...

Petrobras accelerates both wind power, oil drilling

Petrobras accelerates both wind power, oil drilling   Brazilian state-controlled oil company Petrobras has applied for an environmental license to develop wind power in 10 offshore areas as part of its energy transition push while also growing oil output, chief engineering director Carlos Travassos said today. The potential wind power capacity of the areas has not been finalized and the timing of the project depends on a response from environmental watchdog Ibama, he said in an int...

Morgan Stanley ups Brent forecasts on Saudi-Russia cuts, says $100/bbl 'stretched'

Morgan Stanley ups Brent forecasts on Saudi-Russia cuts, says $100/bbl 'stretched'   Morgan Stanley has raised its Brent oil price forecasts, saying the market could remain under-supplied for several quarters especially after Saudi-Russian output cuts, but said prices above $100 a barrel would seem "stretched." The bank increased its fourth-quarter Brent forecast to $95 a barrel from $82.5. It also upped its outlook by $12.5 to $92.5 a barrel for the first quar...

Aker Solutions Bags Contract from Shell to Service Norway Gas Facility

Aker Solutions Bags Contract from Shell to Service Norway Gas Facility   Aker Solutions ASA said it has secured a “sizeable” contract from Shell plc to provide brownfield modification services and maintenance support for the Nyhamna facility in Norway. Shell has executed an option to extend the framework agreement with Aker Solutions for another four years, until September 2028. The scope of the contract includes maintenance and modification services on the onshore Nyh...

First large-scale onshore nodal CCS exploration projects in Brazil commence

First large-scale onshore nodal CCS exploration projects in Brazil commence   STRYDE, a global leader in seismic acquisition technology and solutions, has supplied geoscience and technology pioneer, Explor with 26,370 STRYDE Nodes™ to enable a series of carbon capture and storage (CCS) projects to support carbon-negative bioenergy in Brazil. The projects mark the first time that STRYDE has seen its seismic sensor technology used in Brazil. The CCS projects were commission...

Kuwait inks deal to acquire 40% of offshore Egypt energy exploration project

Kuwait inks deal to acquire 40% of offshore Egypt energy exploration project   Kuwait’s Foreign Petroleum Exploration Company (KUFPEC) signed an agreement with a Shell subsidiary to acquire 40 per cent of Egypt’s Nile Delta offshore block 3, KUNA reported today. The Kuwaiti news agency quoted Mohammad Al-Haimar, KUFPEC’s CEO, saying the move was in line with the approach to expand operations with “our international partners that are active in special explora...

Stars of the Energy Transition

The Rising and Guiding Stars of the energy transition on the importance of diversity, passion and curiosity in a managed metamorphosis. This episode touches on the secret of attracting the best graduate talent, Blue Hydrogen and the transiformational potential of floating offshore wind.

Norway's Equinor resumes gas production at Troll A after modifications: spokesperson

Norway's Equinor resumes gas production at Troll A after modifications: spokesperson   Norway's Equinor has resumed gas production from its Troll A platform and plans to ramp up toward full output in the coming days, a company spokesperson said Sept. 20. All of Troll's 125 million cu m/d of production capacity was taken offline on Aug. 26 for annual maintenance that had originally been expected to end Sept. 7 but which was pushed back numerous times. "We have ca...

BW Offshore closes the transaction for the sale of Abo FPSO

BW Offshore closes the transaction for the sale of Abo FPSO   BW Offshore has closed the transaction for the sale of Abo FPSO to STAC Marine Offshore Limited, a member of the Nigerian Transport Group for US$20 million. As part of the transaction, BW Offshore has entered into a bareboat charter with STAC to allow for uninterrupted operations for the client during a transition period of maximum two months. Upon expiry of the bareboat charter, STAC will assume responsibility for opera...

North Sea oil: Serica Energy in UK windfall tax regime call

North Sea oil: Serica Energy in UK windfall tax regime call   The chief executive of a North Sea oil and gas company has said UK fiscal regime “problems” need to be addressed urgently to restore confidence in the sector. London-listed Serica Energy posted “commendable” results for the six months ended June 30 and hailed investment but warned of “uncertainties” and the current UK Government fiscal regime amid an ongoing push against measures such...

Unite's Petrofac Members Prepare for Strike on Ithaca Energy's Offshore Platforms

Unite's Petrofac Members Prepare for Strike on Ithaca Energy's Offshore Platforms   The UK-based union Unite said Tuesday that around 85 offshore workers employed by Petrofac Facilities Management Limited are set to take strike action over six days on installations operated by Ithaca Energy. According to Unite, the dispute centers on Ithaca Energy’s fourteen-day 'clawback' policy. Petrofac offered to reduce this policy to twelve days. The industry norm is sev...

Oil to reach US$100 a barrel once again - Chevron boss

Oil to reach US$100 a barrel once again - Chevron boss   A barrel of oil could indeed surpass US$100 for a second year running, according to Chevron Corporation chief executive Mike Wirth. Speaking with Bloomberg, Wirth commented that “it sure looked like” oil prices would soon creep past the US$100 mark for the first time since July last year. “We’re certainly moving in that direction,” he said. “Supply is tightening, inventories are drawi...

Verlume welcomes Gillian Thomson to new Head of People role

Verlume welcomes Gillian Thomson to new Head of People role   Verlume, a specialist in clean energy system integration, intelligent energy management and energy storage, has appointed Gillian Thomson as Head of People. The newly created role reflects the business’ aim of building the team at pace to support the ongoing scaling of the company, as well as further focusing on the people behind Verlume’s industry-leading energy transition projects. Having joined Verlume&rsq...

Kate Thomson appointed as bp interim chief financial officer

Kate Thomson appointed as bp interim chief financial officer   bp today announced that Kate Thomson has been appointed interim chief financial officer. Her appointment follows the appointment last week of Murray Auchincloss as bp’s interim chief executive officer. Kate is currently bp’s senior vice president, finance for production & operations, responsible for the financial stewardship of and commercial partnering with the business globally. She has been with bp f...

Global Maritime Welcomes James Vavasour As Business Stream Director For Marine Warranty Services

Global Maritime Welcomes James Vavasour As Business Stream Director For Marine Warranty Services    Global Maritime, a leading provider of marine and offshore engineering consultancy services, is pleased to announce the appointment of James Vavasour as the global Business Stream Director for Marine Warranty Survey (MWS) services. In this key role, James will lead and direct our marine warranty survey services on a global scale. Bringing a wealth of expertise to the team as an...

Port of Blyth hails record oil and gas decommissioning project

Port of Blyth hails record oil and gas decommissioning project   A dock operator has secured its largest-ever oil and gas decommissioning project. Port of Blyth has welcomed 7000-tonnes of ex-North Sea rigs to its Battleship Wharf terminal. The apparatus, which includes several platform topsides and jackets, will be demolished by Thompsons of Prudhoe over the coming weeks. Officials say waste from the rigs will be segregated as works progress, with a “high percentage&rd...

Aker Solutions Gets Contract Worth up to $139 Mln For Gas Plant Work

Aker Solutions Gets Contract Worth up to $139 Mln For Gas Plant Work   Aker Solutions has been awarded a contract worth up to 1.5 billion Norwegian kroner ($138.8 million) from Shell to provide modification services and maintenance support at the Nyhamna natural gas processing plant in Norway, it said Tuesday. Aker Solutions has delivered projects and provided services to the Nyhamna facility since 2007, where gas first arrives onshore via a pipeline from the Ormen Lange field in...
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