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SLB lands major drilling contract for Woodside’s ultra-deepwater Trion development

Oil & Gas 360º

Woodside is developing the field in partnership with Pemex. First production is targeted in 2028. This contract follows another major contract from Woodside for the Trion development to the SLB OneSubsea joint venture in 2023, which includes subsea horizontal trees, controls and topside equipment. Manufacturing is currently on track.

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BP, Shell, and Exxon signal one thing: Oil isn’t going anywhere

Oil & Gas 360º

It also got an approval from the Iraqi government to start the development of two oil fields in the north. Between 2025 and 2028, the supermajor plans to spend between $20 and $22 billion, which is down from a 2023 annual spending plan of between $22 and 25 billion per year. BP is very much back. Now, Shell is focusing on gas.

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