Archive for the ‘World Oil’ Category
Sembcorp Marine secures $3 billion contract to build FPSO for Petrobras
October 5th, 2022 by World Oil
Brazilian state-owned oil and gas producer Petrobras awarded Sembcorp Marine Rigs & Floaters Pte, a wholly-owned subsidiary of Sembcorp Marine, a $3.05 billion contract for the P-82 FPSO vessel through an international tender.
ADNOC CEO: Continued investment in oil and gas critical for energy security, economic progress
October 5th, 2022 by World Oil
Speaking at the Energy Intelligence Forum, ADNOC CEO H.E. Dr. Al Jaber said market sentiment does not reflect the real underlying fundamentals, tight spare capacity and long-term demand growth.
It’s the biggest reduction by the Organization of Petroleum Exporting Countries and its allies since 2020, but will have a smaller impact on global supply than the headline number suggests. Several member countries are already pumping well below their …
Schlumberger partners with Gradiant to sustainably produce battery-grade lithium compounds
October 5th, 2022 by World Oil
Schlumberger announced it has entered into a partnership with Gradiant, a global water solutions provider, to introduce a key sustainable technology into the production process for battery-grade lithium compounds.
Sustainable recovery and transforming the industry for the future was the theme of the opening general session Monday morning at the SPE Annual Technical Conference and Exhibition, at the George R. Brown convention center in Houston, Texas.
Veolia awarded multi-million-dollar contract for seawater treatment for offshore Guyana FPSO
October 4th, 2022 by World Oil
Veolia Water Technologies, through its subsidiary VWS Westgarth Ltd, has been awarded a multi-million-dollar contract by the Yellowtail – SBM Offshore/McDermott Joint Venture for the supply of a seawater treatment process module for the One Guyana FPSO…
OPEC+ is considering a reduction in its production limit of as much as 2 million barrels a day, although the impact on global supply could be smaller.
Petrofac takes over Northern Endeavour FPSO from Australian government
October 4th, 2022 by World Oil
Petrofac has officially taken over operatorship of the Northern Endeavour FPSO facility on behalf of the Australia Government, marking a major milestone in the landmark decommissioning contract.
Lisa Edvardsen Haugan has been appointed as the new President of Kongsberg Maritime, the largest business area of KONGSBERG. She takes the helm after Egil Haugsdal.
The world’s biggest oil company reiterated its warning that producers’ spare capacity is running low and said there wouldn’t be any left once China ends its Covid Zero strategy.