Petróleo Brasileiro (Petrobras) and its partners Royal Dutch Shell, Total and Petrogal Brasil have started oil and gas production start at the P-68 floating production, storage, and offloading unit (P-68 FPSO) from the Berbigão field at the BM-S-11-A concession (lara license) in the Brazilian pre-salt Santos Basin. The P-68 FPSO is the fourth platform to […]
OneSubsea, a Schlumberger company, has signed a frame agreement with Royal Dutch Shell’s subsidiary Norske Shell for an engineering, procurement, construction and installation (EPCI) contract pertaining to the Ormen Lange Field in the Norwegian Sea. The contract is for the delivery of a subsea multiphase compression system for the Ormen Lange gas field, located 75 miles […]
Subsea 7 has bagged a contract from Royal Dutch Shell for the Pierce Depressurisation Project at the Pierce Field in the North Sea, located nearly 160 miles offshore, east of Aberdeen in Scotland. The contract price is in the range of $50-150 million, said the UK-based subsea engineering, construction, and services company. Under the Pierce […]
Royal Dutch Shell announced that its subsidiary Shell Offshore will move ahead with the PowerNap deepwater field in the US Gulf of Mexico having reached a final investment decision (FID), as per the latest oil and gas industry news. Located in the south-central Mississippi Canyon area, about 240km from New Orleans, the PowerNap deepwater field will […]
British-Dutch oil and gas firm Royal Dutch Shell has taken the final investment decision on the PowerNap deepwater project in the US Gulf of Mexico. Discovered by Shell in 2014, the PowerNap field is located in the south-central Mississippi Canyon area, approximately 240km from New Orleans. Expected to begin production in late 2021, PowerNap will […]
Energy acquisition news : Shell Offshore, a subsidiary of Royal Dutch Shell, has wrapped up its previously announced $965 million sale of 22.45% stake producing Caesar Tonga oil field in the US Gulf of Mexico to Equinor’s subsidiary Equinor Gulf of Mexico. Originally, Shell signed a deal with Israel’s Delek Group to sell its non-operated […]
Oil and gas industry news : Delek Group has agreed to acquire a stake of 22.45% in the producing Caesar Tonga oil field in the US Gulf of Mexico from Royal Dutch Shell’s subsidiary Shell Offshore for $965 million in an all-cash deal. The transaction will mark the exit of Shell from the Caesar Tonga […]
Upstream industry news : Petrobras and its partners Royal Dutch Shell and Galp have started production from the Lula North project in the Santos Basin in Brazil through the P-67 floating production and storage offloading vessel (P-67 FPSO). The Lula North deepwater field is located in the BM-S-11 concession, which is operated by Petrobras, through […]
Oil and gas industry news : BP and its partners have commenced production from the £4.5 billion worth Clair Ridge project located in Scottish territorial waters to exploit an estimated seven billion barrels of hydrocarbons. Clair Ridge project enters into production Clair Ridge project is the second phase development of the Clair oilfield, located 75km […]
Energy acquisition news : Royal Dutch Shell has made a $950 million deal to sell its Argentine downstream business to Brazilian biofuels producer and fuels distributor Raizen. The transaction comprises the Buenos Aires Refinery, nearly 645 retail stations, liquefied petroleum gas, aviation fuels, marine fuels, bitumen, chemicals and lubricants businesses, and also supply and distribution […]