UPSTREAM NEWS

Brazilian oil giant Petrobras has issued a tender to contract a fresh batch of subsea trees and associated equipment to assist in the development of two producing units to be deployed in the ultra-deepwater section of the Sergipe-Alagoas basin.

A leading Italian engineering and construction giant has landed a sizeable offshore contract from Saudi Aramco for work on its Marjan oilfield, as a part of the Saudi state giant’s long-term agreement (LTA) with international contracting players.

Oil companies have submitted expressions of interest in acreage, according the hydrocarbon minister

Seatrium Limited, through its wholly-owned subsidiary Sembcorp Marine Offshore Platforms Pte. Ltd. (“SMOP”), has secured a contract worth more than S$500 million for two offshore wind farm substations from Empire Offshore Wind LLC, a joint venture between Equinor and bp.

Australian contractor Worley has won a new services contract for Shell’s Sparta ultra-deepwater field development in the US Gulf of Mexico, for which the final investment decision is now targeted later this year, reprising its role when the project was set to leave the drawing board as TotalEnergies’ North Platte.

Analysts point to an impressive performance in a quarter where profit is falling back from record levels seen in 2022. Norwegian energy giant Equinor has posted stronger than expected first quarter results at a time it is playing a key role in European energy security.

Abu Dhabi National Oil Company (Adnoc) has kicked off a fresh tender process for multiple packages involving its multibillion-dollar Hail & Ghasha offshore sour gas development.

Brazilian oil giant Petrobras is preparing a pilot project for the capture and storage of industrial carbon dioxide emissions and is looking to build partnerships for the country's first full-scale CCS hub.

UK supermajor Shell has awarded the Serikandi Kent Energy Solutions joint venture a five-year commissioning and start-up services contract for its activities in Brunei Darussalam.

Woodside Energy chief executive Meg O’Neill has slammed extremists who are doing the damnedest to scupper under development and new gas projects in Australia, the region’s largest liquefied natural gas exporter.

Contract involves multiple offshore facilities required at the Marjan oil and gas field

US services giant Baker Hughes has been chosen to supply key equipment for Petronas’ third floating liquefied natural gas (FLNG) vessel.

Vopak expanding LNG portfolio in Netherlands with an expected €100 million in total equity capital

Hong Kong LNG import project delay reduced attractiveness of Vopak's purchase

The technology group Wärtsilä and WEC Energy Group have successfully tested the capabilities of a Wärtsilä engine running on 25 vol% hydrogen-blended fuel. The tests, which were completed in October 2022, were conducted at WEC Energy Group’s 55 MW A.J. Mihm power plant in Michigan, U.S., using an unmodified Wärtsilä 50SG engine.

The UK’s energy import bill surged to £117 billion ($127.12 billion) last year – more than double 2021’s total of £54 billion ($58.67 billion), according to data in a new report from Offshore Energies UK.

A pairing of Indian engineering giant Larsen & Toubro (L&T) and Oslo-listed Subsea 7 has landed multiple offshore contracts from Saudi Aramco under the latter’s long-term agreement (LTA) framework to which a select group of international contractors have access.

Atlas Petroleum International Limited announced the development of the Venus oil discovery in Block P, Equatorial Guinea, jointly with its partners Vaalco as Operator, and Guinea Ecuatorial de Petroleós Co. (GEPetrol) as the state-owned oil company of Equatorial Guinea, representing the interests of the state.