This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
Equinor’s Troll C platform, located 10-30 km from the Fram Sor development The project work scope covers engineering, procurement, construction and installation (EPCI) of subsea structures and flowlines including 53 km of production, gas lift and water injection lines. The scope also includes installation of the umbilical system.
BCCK has signed an agreement with ZAP Engineering and Construction Services Inc. The new cryo facility will commence operations in Q1 of 2027. This contract marks a significant collaboration between BCCK and ZAP Engineering, the project’s engineering, procurement and construction (EPC) firm.
The project work scope covers engineering, procurement, construction and installation (EPCI) of subsea structures and flowlines including 32.9 Engineering and project management will begin immediately in Subsea7 offices in Norway and the United Kingdom, with offshore installation activities expected in 2026 through 2028.
“The project will be delivered by more than 500 Wood engineering, project management and commissioning specialists based in Abu Dhabi with support from the company’s global engineering hubs”, Wood added. Completion is expected 2027. Jersey-based Petrofac Ltd. bagged a $1.2 Jersey-based Petrofac Ltd.
percent reduction factor for 2024 to 2027 and 4.4 An expansion of the EU ETS that covers buildings and road transport emissions is expected to be fully operational by 2027. billion available for allocation between 2021 and 2027, with about â¬630.0 In 2024, the European Commission set the CO 2 emission allowance cap at nearly 1.4
Total investments are estimated at NOK 13 billion, with production expected to commence in the fourth quarter of 2027. Phase 3 involves the installation of two new subsea templates, tied back to existing infrastructure via new pipelines, and represents an important step toward the partnership’s ambition of reaching 75% recovery.
By 2027, wind’s share should increase by 600 MW through the 2026 RFP, while solar and storage capacities should grow by a combined 100 MW through the 2026 RFP. CEYW is targeted to add a further 320 MW of solar by 2027.
The facility will produce up to 2 million tonnes of LNG per annum and is scheduled to start production in 2027. The engineering, procurement and construction contracts have gone to JGC Holdings Corp. According to the company, it is the first nearshore FLNG facility in the world. and Samsung Heavy Industries.
The nation is undertaking a massive North Field Expansion project that will boost its LNG production capacity from 77 million tonnes per annum (MTPA) to approximately 126 MTPA by 2027. What makes this expansion noteworthy is its parallel commitment to sustainability.
APA is on track to implement a $350 million cost reduction plan by 2027 , cutting across LOE, G&A, and capex. Operational Innovation and Cost Optimization APA is pushing the envelope with new technologies and process enhancements: Artificial lift optimization and frac efficiency improvements are central to cost control.
Powering AI Data Centers with Natural Gas Chevron is teaming up with GE Vernova and Engine No. 1 to build behind-the-meter power plants supplying natural gas to hyperscale AI data centers.
Target Production: Up to 100,000 metric tons/year by 2027. Leveraging decades of expertise in fluid management, subsurface engineering, and large-scale infrastructure, companies like Chevron, Occidental, ExxonMobil, and Halliburton are positioning themselves at the forefront of a new domestic lithium supply chain.
NKT has selected Helix Robotic Solutions as the partner for operating its new T3600 subsea trencher, said to be the world’s most powerful trencher, which will become operational in 2027…
This order fully aligns with ADNOC’s ambitious target of reaching 5 million bpd of production by 2027. To meet the projects supply and delivery requirements, production will be carried out across Vallourec’s industrial sites in Brazil, China, and Indonesia.
The scope of work includes the provision of multiple work-class remote operated vehicles (ROVs), ROV tooling, intervention workover control systems (IWOCS), satellite communication systems, and subsea inspection, hydrate remediation, and engineering services.
Expected to start operation 2027, “CP2 is a strategically important project that is expected to provide U.S. The company added, “CP2 is already well advanced in engineering, procurement and contracting.
The current agreement, which began in August 2022, will now run until at least August 2027. All rights reserved | Tel: +44 (0)1252 718 999 | Email: enquiries@oilfieldtechnology.com
after regulatory changes) are a potential growth engine, with AUM of â¬21 billion by the end of 2024 and average annual growth of roughly 40 percent between 2021 and 2024. ELTIFs are expected to reach estimated AUM of â¬65 billion to â¬70 billion by 2027. For example, European Long-Term Investment Funds (ELTIFs 2.0,
On average, 81 percent of those surveyed expressed zero to moderate confidence in the ability of airframers to hit their production targets for 2026 and 2027. Engine OEMs are particularly misaligned with airframers, operators, suppliers, and maintenance, repair, and overhaul. Half of those surveyed anticipate EIS by 2034 or later.
Ballard Power Systems has signed a long-term supply agreement (LTSA) with its customer Solaris Bus & Coach, a leading European bus manufacturer, for the supply of 1,000 hydrogen fuel cell engines through 2027 for the European transit bus market.
plan to collaborate on the integration and certification of a B hybrid-compatible diesel engine and hybrid electric drivetrain for the transit market, targeted for launch in 2027. BAE Systems and Cummins Inc.
Allison Transmission has integrated its Allison 4000 Series transmission with a Class 8 truck equipped with a hydrogen internal combustion engine (H2-ICE) displayed by Southwest Research Institute (SwRI) at SAE International’s Commercial Vehicle Engineering Congress (COMVEC) in Schaumburg, Illinois.
Pakistan's Oil and Gas Development Company Limited (OGDC) expects to start production in Abu Dhabi's Offshore Block-5 by 2027, while also increasing domestic oil
The plane itself will run on a single propeller, but with multi-engine support of two mechanically and electrically segregated motors. And when the Vaeridion microliner finally takes off, it would be the culmination of a long-held professional ambition of van Dartel's, who is a former Airbus engineer. million, $15.20
INEOS and Covestro have signed a long-term agreement for the supply of natural gas for up to eight years, starting 2027.The The agreement builds on INEOS' newly established LNG supply chain
Global consulting and engineering company Wood has been awarded an engineering design contract for ADNOC Offshores Lower Zakum development The scope involves detailed engineering design for Package 5 of ADNOC Offshores Lower Zakum Long-Term Development Phase 1 (LTDP1) project, on the UAEs Das Island.
Chevron is considering drilling an exploration well in the Walvis Basin off the coast of Namibia in 2026 or 2027, the U.S. oil major said on Thursday.Chevron Namibia
The Long-Term Agreement (LTA) now extends until the end of 2027.With Saipem has signed a renewal for its framework agreement with Saudi Aramco. With the renewal of the LTA
Recognizing this need, Chevron, in collaboration with GE Vernova and Engine No. Chevrons Natural Gas-Powered Solution Chevron, GE Vernova, and Engine No. The first phase of this initiative will involve the delivery of seven GE gas-powered turbines, expected to begin providing power in 2027. Chevron, GE Vernova, and Engine No.
Chevron Pushes Into Data Center Power as Big Tech Drives Energy Demand Surge Chevron is making a major push into power generation for data centers, advancing permitting and engineering for multiple U.S. sites that will supply electricity directly to these energy-hungry facilities.
megawatt expansion expected to go live in 2027. Preliminary findings from the investigation into Heathrows power outage suggest systemic vulnerabilities and an electrical engineers error. PIT to double its solar PIT has announced its doubling its solar capacity with a 4.7-megawatt
The Al Shaheen oilfield is a production field off the north-east coast of Qatar, 80 km north of the capital, Doha. The field is operated by North Oil Company, a joint venture between QatarEnergy (70%) and TotalEnergies (30%).
But that growth engine may be running out of steam. According to Occidental Petroleum CEO Vicki Hollub, unless the industry embraces artificial intelligence and carbon capture technologies on a larger scale, domestic oil output could hit a production plateau as early as 2027.
Nearly half of their advanced system deals are for internal combustion engines. We still believe that 2027 is really the right timing for introduction of these systems. Yet, new deals could set the stage for 2027-28 growth and that might be enough for the market. That is changing. We acknowledged this when we bought the stock.
We think that between 2027 and 2030 its likely that the U.S. The water-to-oil ratio can rise to as high as twelve-to-one from wells drilled in the fringes of an oilfield, said Christine Guerrero, a veteran petroleum engineer who is a strategic advisor to asset manager Octane Investments.
For example, Europe has reduced its share of natural gas imported from Russia to 19 percent, from 45 percent, with the aim of dropping to 0 by 2027. As tensions escalate, countries are increasingly looking to new geopolitically closer sources. 6 âRoadmap to fully end EU dependency on Russian energy,â European Commission , May 6, 2025.
We organize all of the trending information in your field so you don't have to. Join 5,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content