PIONEERING SPIRIT record lift

Processing platform PIONEERING SPIRIT performed a record lift in the form of hoisting four pieces – the two final platform topsides, a bridge and a flare stack – of the Johan Sverdrup project. The processing platform record lift – nearly 26,000 tonnes – was carried out in only four hours with a clearance of just 25 meters from the rest of the field center.

Eni new contract to TechnipFMC for Merakes gas field

Eni SPA awarded an EPC + transportation and installation contract to TechnipFMC for the Indonesian Merakes field. The contract value is estimated at $ 500 million and covers five wells at 1,500 m WD with 50-km tiebacks to the Jangkrik floating production unit. Eni East Sepinggan Ltd. holds an 85% participating interest in the East Sepinggan PSC.

BP awards new contrcts for Greater Tortue Ahmeyim

BP has awarded new subsea contracts for Greater Tortue Ahmeyim project offshore Mauritania and Senegal. Subsea components will be supplied by McDermott International and Baker Hughes, respectively responsible for the subsea umbilicals, risers, and flowlines (SURF) and subsea production system (SPS).

Goliat field upgrade

Vår Energi, a Norwegian independent E&P company, finalized an agreement with Telenor Maritime to equip the Goliat field in the Barents Sea with 2G and 4G networks. Installation of the equipment would begin in the second quarter of 2019 and the new network will improve safety and emergency response capability in the region.

New work for Pacific Drilling drillships

Offshore drilling company Pacific Drilling has signed drillship contracts and extensions with Total, Chevron, and Eni. The contracts include extensions of previous contracts (Pacific Sharav for Chevron, in the GoM) and new ones (Total in Senegal for Santa Ana vessel and Eni in Nigeria, for the Pacific Bora vessel).

Oil prices rise above $57/bbl for April 2019 contracts

Crude oil prices on New York and London SE closed with the light, sweet crude oil contract for April above $57/bbl while the Brent contract settled above $66/bbl. This is due to production cuts approved in December 2018 from the Organization of Petroleum Exporting Countries (OPEC) and other major producers, including Russia

2019: the age of renewables

Year 2019 is underlining the challenges of an industry rapidly diversifying, decentralizing and digitizing: many analysts see now the starting of a strong revolution that by 2040 will see 66 percent of the global energy market in renewables. Another crucial trend is toward digital connection: by 2023, 75 percent of utilities assets will be digitally connected.

Mubadala starts its first gas project in Thailand

UAE-based Mubadala Petroleum has signed a contract for the offshore Erawan producing gas field (Block G1/61) in Thailand. Mubadala shares the contract with PTTEP, starting the beginning of a new partnership with the Thai company.

RockRose to buy Marathon Oil’s UK business

UK-based oil and gas company RockRose has signed a share purchase agreement to acquire 100% of Marathon Oil U.K. (MOUK) and 100% of Marathon Oil West of Shetland Limited (MOWOS) from subsidiaries of Marathon Oil Corporation. The $140 million agreement was favored by Marathon’s policies to push out of its UK businesses to focus on the U.S. onshore market.

Molikpaq platform off Russia modernized by Liebherr

The Molikpaq platform off the Russian island of Sakhalin is being modernized by new cranes supplied by Liebherr. New tower cranes and a special sliding system are the core components of the conversion project to be completed by the end of 2020.