Aker Solutions has won a framework agreement with Equinor to provide maintenance and modifications services at the Peregrino field, offshore Brazil. The contract has a fixed period of 4 years and includes an option for […]
Investments from global exploration and production companies (E&P) in 2021 are projected to reach around USD 380 billion, almost flat year-on-year, a Rystad Energy report shows. About 20% or USD 76 billion of the estimated […]
The Lingshui 17-2 (LS 17-2) platform is the world’s first deepwater semi-submersible production platform with condensate storage facilities, owned and operated by CNOOC. It is a significant project in the development of China’s deepwater gas […]
The COVID-19 continues to wreak havoc across the globe causing severe damage to the growth of the global and regional economies. Consequently, the Southeast Asian companies in the plastics industry are forced to downsize their […]
Once again, the Johan Sverdrup field is increasing its daily production capacity, expecting to reach around 500,000 barrels of oil per day by the end of the year – around 60,000 barrels more than the […]
Sempra Energy has announced that its subsidiary ECA Liquefaction (ECA LNG), a joint venture between Sempra LNG and Infraestructura Energética Nova, S.A.B. de C.V. (IEnova), has reached a final investment decision (FID) for the development, […]
The US is expected to lead the liquefied natural gas (LNG) liquefaction capacity growth in North America by 2024, accounting for around 92.6% of the region’s total growth. Approximately 144.6 million tonnes per annum (mtpa) […]
The expansion of the Snorre field in the North Sea consists of six subsea templates, which will be tied into Snorre A. The Norwegian Petroleum Directorate (NPD) reports that the authorities have given Equinor and […]
Refiners across the globe were severely impacted by COVID-19, which destroyed demand, reduced operations in several refineries and even compelled them to suspend operations. Despite unfavourable conditions in the first three quarters of 2020, refiners […]
Asia is expected to witness the highest global liquids storage capacity additions, contributing around 46% of the global liquids storage capacity additions by 2024, says GlobalData, a data and analytics company. GlobalData’s report, Global Capacity […]
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