CNOOC releases 1Q20 operational results
The company has reduced its annual net production target and CAPEX for 2020.
Browse the latest offshore news news and articles.
The company has reduced its annual net production target and CAPEX for 2020.
OKEA has announced that its assets produced a total of 19 099 boe/d in 1Q20, compared to 19 498 boe/d in 1Q19.
Fugro will support Global Marine Group with the upgrading of the Normand Clipper.
Under the agreement, Sumitomo will have a 25% stake in the FPSO Anna Nery project, which was awarded to Yinson by Petrobras in October 2019.
The agreement has been signed with an unnamed European E&P company for licence P2478 in the Inner Moray Firth, UK.
Fenja is Neptune’s first operated development project on the Norwegian Shelf and is estimated to contain 97 million boe.
The current Covid-19 virus crisis has accelerated the need to reduce personnel on board (POB) on floating assets to a minimum.
Diamond intends to use the proceedings to restructure and strengthen its balance sheet and achieve a more sustainable debt profile.
Petrobras has extended its lease of the BW Cidade de São Vicente FPSO by 48 days.
OGUK has warned that up to 30 000 jobs could be lost in the sector as it called for the transition to net zero to be put at the heart of recovery plans.
The subsea transmission system, expected to begin commercial operation in 2025, will connect ADNOC’s offshore production facilities to ADPower’s onshore electricity grid.
SBM Offshore has announced the sailaway of the last two modules for the turret mooring system, destined for Singapore for integration into the hull of Equinor’s Johan Castberg FPSO.