NEWS

World Oil: Equinor increases share in deepwater Gulf of Mexico from Shell

Category: Business News

STAVANGER — Equinor has exercised its preferential rights to acquire an additional 22.45% interest in the Caesar Tonga oil field from Shell Offshore Inc for a total consideration of $965 million in cash. This will increase Equinor’s interest from 23.55% to 46.00%. Anadarko remains the operator with a 33.75% interest, and Chevron retains its 20.25% […]

Source: World Oil

Published: May 1, 2019

gCaptain: Contract Signed for First Classed Offshore Wind Vessel in US by DNV GL

Category: Business News

Classification DNV GL on Wednesday announced it has been awarded a contract to class a purpose-built offshore wind vessel built in the United States. The contract was awarded by WindServe Marine, LLC covering for offshore Crew Transfer Vessel for Ørsted North America. The contract covers the construction of the vessel, which will be the first […]

Source: gCaptain

Published: May 8, 2019

World Oil: ExxonMobil to invest up to $100 million on lower-emissions R&D with U.S. national labs

Category: Business News

IRVING — ExxonMobil has said it will invest up to $100 million over 10 years to research and develop advanced lower-emissions technologies with the U.S. Department of Energy’s National Renewable Energy Laboratory and National Energy Technology Laboratory.  The agreement – among the largest between the department’s laboratories and the private sector – will support research […]

Source: World Oil

Published: May 8, 2019

World Oil: The future is in the north, according to the Norwegian Petroleum Directorate

Category: Business News

STAVANGER — Our estimates indicate that more than half of the oil and gas that has not yet been discovered is located in the Barents Sea. The rest is distributed between the Norwegian Sea and the North Sea. The opportunities are greatest in the Barents Sea, where vast areas have not yet been explored.  The […]

Source: World Oil

Published: May 8, 2019

Press Release: TechnipFMC Awarded a Significant Integrated EPCI (iEPCI™) Contract for the ConocoPhillips TOR II Development

Category: Business News

LONDON & PARIS & HOUSTON–(BUSINESS WIRE)– TechnipFMC (Paris:FTI) (NYSE:FTI) has been awarded a significant(1) integrated Engineering, Procurement, Construction and Installation (iEPCI™) contract from ConocoPhillips for the TOR II development, located in the Norwegian sector of the North Sea at a water depth of 80 meters. This contract covers the delivery and installation of a subsea production […]

Source: TechnipFMC