Rystad Energy: Global decommissioning set to hit record US$36 billion over the next 3 years
Several hundred offshore oil and gas wells could cease production by 2021 in the face of today’s bearish oil market.
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Several hundred offshore oil and gas wells could cease production by 2021 in the face of today’s bearish oil market.
United Oil & Gas Plc, the London Stock Exchange listed oil and gas exploration and development company, has announced the results of an independent Competent Person’s Report prepared by ERC Equipoise Ltd covering the Walton-Morant licence, offshore Jamaica.
The company’s scope includes the full development of Tyra’s integrity management programme, developing risk-based assessments (RBAs) that will enable effective and optimised inspection and monitoring.
The contract with Stena secures the rig for transport at the end of May, targeting a June 2019 spud date.
The Skandi Olinda, a Brazilian-flagged flexible lay and construction vessel owned by the joint venture formed between DOF (50%) and TechnipFMC (50%), has commenced its 8-year charter contract with Petrobras.
This new programme ties with Spectrum’s existing 35 000 km survey that was acquired in 2017 for the ongoing first offshore licensing round.
The UK subsea sector will have the opportunity to strengthen its international presence at the largest oil and gas exhibition in Australasia next month.
The company has entered into an agreement with its customer, Equinor, to license and install Automated Drilling Control (‘ADC’) systems on four high-specification, harsh environment rigs and a fifth semisubmersible.
The company will provide transportation and installation of offshore structures, pipelines and pre-commissioning work for the Pan Malaysia field development located off the shore of Sarawak, Malaysia.
The company has reached an agreement to align the its interests, under Santos operatorship, across four exploration permits in the Bonaparte Basin offshore Northern Australia adjacent to a large existing contingent resource.
Wood has secured a new US$13 million contract with Equinor to deliver engineering, procurement, construction, and installation (EPCI) services to the Vigdis boosting station increased oil recovery (IOR) project.
Under the TechnipFMC/DOF joint venture agreement, TechnipFMC will manage flexible pipelay, and DOF will be responsible for marine operations.