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(World Oil) – Subsea7 has been awarded a large 1 contract by Equinor relating to the Fram Sør development project, offshore Norway, the company announced Thursday. Offshore installation activities are expected in 2026, 2027 and 2028. The Fram Sør project will be connected to the existing Fram and Troll C infrastructure.
OEG, a leading energy solutions business, has won a multi-million-pound contract to support the construction phase of the Inch Cape Offshore Wind Farm until operational in 2027. Over 100 OEG personnel will support the delivery of this contract, which includes the recent addition of six new appointments.
Latest Oil Prices SUBSCRIBE SEARCH ARTICLES NEWS Subsea7 Wins Contracts Offshore Norway, Egypt by Rocky Teodoro | Rigzone Staff | Wednesday, July 23, 2025 | 8:00 AM EST The company was awarded two contracts offshore Norway and one offshore Egypt. Image by curraheeshutter via iStock Subsea 7 S.A. The Fram Sor area is located 6.2
It also provides further growth and upside in 2027 onwards beyond the current guidance. billion 15-year contract for two jack-up rigs, all awarded by ADNOC Offshore, and a $400 million backlog of ADNOC Drilling’s signed acquisition in Oman and Kuwait. Other recent awards include a $1.63
In a new research note examining the offshore drilling sector, Citi outlines its base case assumptions and market outlook for dayrates and oil pricing fundamentals. The Offshore Driller stocks have rallied hard off their April lows, rising 20% over the past month,” Citi noted, outperforming the broader Oil Services Index (OIH), which rose 9%.
Construction is underway, and the facility is expected to enter in service during the summer of 2027. Enbridge’s estimated project cost is US$0.9b and the project is expected to be accretive to cash flow and earnings per share starting in 2027. Meta Platforms, Inc.,
million bpd by the end of 2027. Closing Bell Story Crude Oil Featured Mergers, Acquisitions & Divestitures Offshore American oil Chevron Exxon arbitration ExxonMobil Guyana prize assets ARMS RACE Exxon and Chevron both trace their roots to Standard Oil, the conglomerate formed by John D. government in 1911. (Ron
“The Argos expansion underpins our commitment to investing in America, growing our US offshore energy production safely and efficiently,” said Andy Krieger, bp’s senior vice president for the Gulf of America and Canada. Please upgrade your browser to improve your experience.
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. Transport type: Offshore pipeline transport costs are typically 1.3 In 2024, the European Commission set the CO 2 emission allowance cap at nearly 1.4
“The contracts involve expanding key processing units to increase throughput and improve operational efficiency across four ADNOC Gas Facilities: Asab, Buhasa, Habshan (Onshore), and the Das Island liquefaction facility (Offshore)”, Abu Dhabi National Oil Co.’s Completion is expected 2027. Jersey-based Petrofac Ltd.
Under the deal, Woodside will deliver LNG to Japan on an ex-ship basis between the months of December and February from 2027. percent stake in the Scarborough field offshore Western Australia to Japanese companies: 15.1 Image by BJP7images via iStock JERA Co. and Woodside Energy Group Ltd. and Woodside Energy Group Ltd.
million barrels of oil and gas equivalent per day (boed) in the second quarter, up by 6% from a year ago and a record for the period, following last year’s $60 billion acquisition of Pioneer Natural Resources and rising output from low-cost operations in the Permian shale basin in the United States and offshore Guyana. Exxon pumped 4.63
Total investments are estimated at NOK 13 billion, with production expected to commence in the fourth quarter of 2027. Please upgrade your browser to improve your experience. The partnership has submitted a notification to the authorities in accordance with the existing plan for development and operation (PDO). Already a member?
Following its completion in 2027, the biorefinery will use Eni-Honeywell UOP LLC codeveloped proprietary Ecofining technology to flexibly process about 400,000 tonnes/year (tpy) of renewable materials to produce SAF, HVO, and bionaphtha, the companies said. 4, Eni and LG Chem said in separate releases.
has begun production at the Weizhou 5-3 oilfield in the South China Sea, its seventh announced startup offshore China in 2025. majority-owned by China National Offshore Oil Corp., In the South China Sea, Wenchang 19-1 is expected to reach 12,000 boed in peak production 2027. Image by Rainer Puster via iStock CNOOC Ltd.
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The Port Arthur LNG Phase 1 project, which is currently under construction, is expected to achieve commercial operation in 2027 and 2028 for trains 1 and 2, respectively. million tpy of LNG to JERA on a free-on-board basis. Sign Up Connect Follow us for the latest industry news and insights.
The floating LNG facility, fully acquired by Golar last year, will be chartered to the project consortium, Southern Energy SA (SESA), under a contract that is expected to start up 2027. “The FLNGs will be located in close proximity of each other, offshore in the Gulf of San Matias Gulf in the province of Rio Negro, Argentina.
A BP spokesperson declined to comment but directed Rigzone to a release on BP’s website announcing an oil and gas discovery at the Bumerangue prospect in the deepwater offshore Brazil. It also revealed in the statement that production is expected to grow to 2.3 - 2.5
QatarEnergy has said its fleet expansion aims to support production growth in Qatar’s offshore North Field, as well as to serve an LNG facility it is building with Exxon Mobil Corp. The nine are among 18 QC Max-size LNG ships that QatarEnergy earlier awarded for construction to China State Shipbuilding Corp. in the United States.
Image by kodda via iStock Vallourec said it secured two contracts to supply oil country tubular goods (OCTG) to support the drilling operations of China National Offshore Oil Corporation (CNOOC) and PetroChina in Iraq. The contracts have potential revenue of over $130 million, Vallourec said in a news release.
Average power densities have more than doubled in just two years and are expected to rise nearly four times by 2027. These sources include offshore wind , nuclear, geothermal , gas, carbon capture and storage , and clean fuels. Transmission and distribution investments.
said its subsidiaries have been awarded a contract by ExxonMobil affiliate Esso Exploration Angola (Block 15) Limited for services supporting Esso’s offshore operations in Angola Block 15. Image by CoreDesignKEY via iStock Oceaneering International, Inc. Oceaneering Angola, S.A. and Oceaneering Marine Technologies Ltd.
Uniper expects the seven-turbine project to start construction 2027. Green Wilhelmshaven, envisioned to be a European hydrogen interconnection hub, will include a one-gigawatt electrolyzer planned to be powered by offshore wind. The Tét project is planned to go online 2027. EXTOR Energy Zrt. Maxicontech Kft.
The current agreement, which began in August 2022, will now run until at least August 2027. We’ve demonstrated our ability to deliver safe, efficient, and reliable crane operations in a highly complex offshore environment. Already a member?
This order fully aligns with ADNOC’s ambitious target of reaching 5 million bpd of production by 2027. Please upgrade your browser to improve your experience. To meet the projects supply and delivery requirements, production will be carried out across Vallourec’s industrial sites in Brazil, China, and Indonesia. Already a member?
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…
and plans to begin commercial production of magnets used in most electric vehicle motors, offshore wind wind turbines, and the future market for humanoid robots, according to Morgan Stanley. MP Materials is developing fully domestic rare earth supply chain in the U.S.
Natural gas production from the massive discovery in the Black Sea offshore Romania is expected to begin in 2027, Austrias energy giant OMV said on Wednesday, adding that the project, Neptun Deep, is advancing as scheduled. Initial gas production at Neptun Deep is planned for 2027.
BP approved on Thursday the development of the Ginger natural gas project offshore Trinidad and Tobago, which will be one of the ten major new projects that the UK supermajor promised to start up by 2027. Production is
Following more than three years of planning and analysis, California has established an offshore wind goal of 7,600 MW, with procurements starting as early as 2027. Through its central procurement […] The post California Confirms Strategy for Centralized Offshore Wind Procurement appeared first on POWER Magazine.
Chevron plans to begin drilling an exploration well offshore Namibia, where several international majors have found huge oil and gas resources in recent years.
BP said on Thursday that its Cypre development offshore Trinidad and Tobago delivered first gas, as yet another project started up since the supermajor reset its strategy to shift focus back to oil and gas.
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
(Oil Price) –BP said on Thursday that its Cypre development offshore Trinidad and Tobago delivered first gas, as yet another project started up since the supermajor reset its strategy to shift focus back to oil and gas. First gas from Ginger is expected in 2027. Production is also expected to grow to 2.32.5
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 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
Mento is one of bps 10 major projects expected to start up worldwide between 2025 and 2027 that bp announced earlier this year as part of its strategy to grow the upstream.
Est ubicado en el offshore colombiano, a 31 km de la costa, y con una profundidad de 804 metros de lmina de agua, lo que marca un hito en la exploracin de gas en aguas profundas en la regin.
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
TV SD will run Aberdeen’s new green hydrogen test site, set to open in 2027, offering industrial-scale testing for electrolysers and more. The facility is pitched as a catalyst for turning Aberdeen from offshore oil hub to hydrogen heavyweight.
Est ubicado en el offshore colombiano, a 31 km de la costa, y con una profundidad de 804 metros de lmina de agua, lo que marca un hito en la exploracin de gas en aguas profundas en la regin.
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