COVID-19 pandemic has significantly impacted the global economy in 2020. Growth across key Asian economies is expected to rebound in 2021, as the containment measures and stimulus packages are likely to increase economic activities and […]
Russia is expected to witness the highest global working gas storage capacity additions, contributing around 21% of the global capacity additions by 2024, says GlobalData, a data, and analytics company. The company’s report, “Global Capacity […]
Ampelmann, the Dutch offshore access provider, has signed a contract with McDermott, an offshore engineering and construction company. This is the first project in which an Ampelmann system, in this case the A-type Enhanced Performance […]
Equinor has conducted an in-depth analysis of the wells drilled at Martin Linge before the company took over as the operator of the field from Total in 2018. This review concludes that several of the […]
Total has announced that it has notified its partners on August 19 about its resignation from its role of operator for five exploration blocks, located in the Foz do Amazonas Basin, 120 kilometres offshore Brazil. […]
A total of 18 planned and announced floating production storage and offloading (FPSO) projects are expected to be deployed offshore Brazil during the outlook period 2020–2025, the highest among the countries globally, according to GlobalData, […]
Nova People – together with its subcontractors Fulkrum Technical Resources (UK) and P.U.I. EKO-INWEST S.A. (Poland) – has secured a major contract for a significant role in the ongoing Baltic Pipe Project operated by Gaz-System […]
Total and its partners have taken the investment decision for the third phase of the Mero project (Libra block), located deep offshore, 180 kilometres off the coast of Rio de Janeiro, in the prolific pre-salt […]
Equinor has agreed to sell a 40.8125% interest in and transfer operatorship of the Bressay oil field development on the UK continental shelf to EnQuest. The initial consideration is GBP 2.2 million, payable as a […]
Global project sanctioning is set for a staggering decline this year of over 75% from 2019 levels, as the COVID-19 epidemic has caused E&P spending to drop much lower than what was expected at the […]
Copyright © 2020 | MH Magazine WordPress Theme by MH Themes