Hess sets 2021 budget of US$1.9 billion
Most of the company's 2021 budget will be allocated towards operations in Guyana.
Browse the latest upstream project news news and articles.
Most of the company's 2021 budget will be allocated towards operations in Guyana.
The contract is set to commence in 3Q21 with a duration of one firm well plus eight optional wells.
Baker Hughes will support Petrobras’ offshore platforms and FPSOs with software and hardware solutions.
Subsea 7 will construct and install a platform system for Cabinda Gulf Oil in Block-0 offshore Angola.
JDR will manufacture and supply a 2.7 km long subsea production umbilical for the Ledang Redevelopment Segment 2 project, offshore Malaysia.
A Final Investment Decision has been taken on the North El Amriya and North Idkunea (NEA/NI) concession subsea tieback project.
Sophisticated imaging and deep-learning algorithms will allow the Dammam 7 supercomputer to run detailed 3D earth models, enhancing Aramco's decision-making on exploration and investment decisions.
30 companies, including Equinor, Wintershall Dea, Lundin Energy, and Neptune Energy, have received offers of ownership interests in a total of 61 production licences on the Norwegian Shelf.
The five-year consolidated services contract will see Wood work to extend field life, lower costs, and reduce late life carbon intensity.
SIAD Macchine Impianti has designed and built a booster compressor for a FPSO operating in the offshore marine area of Foinaven, to the west of the Shetland Islands.
The discovery was achieved at the SEMZ-11X well located 10 km west of Zarif field, the nearest producing field.
The transaction is one of the largest oil and gas financings in Africa in more than a decade, with a financing component of US$1.1 billion.