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BHP Billiton today announced that the Board has approved expenditure of US$2.2 billion for its share of the development of the Mad Dog Phase 2 project in the Gulf of Mexico.
An extended 60-day public consultation on recommendations to decommission the Brent oil and gas field in the North Sea has begun today following submission by Shell U.K. Limited (“Shell”), the field’s operator, of a comprehensive decommissioning programme to the Department for Business, Energy and Industrial Strategy (BEIS).
Fluor Corporation (NYSE: FLR) announced today its joint venture team, KPJV, has been selected by Tengizchevroil LLP (TCO) to execute the front-end engineering and design (FEED) for the Multi-Phase Pump Project in Kazakhstan. Fluor booked its share of the contract value in the fourth quarter of 2016.
Two years after Valemon came on stream Statoil has made a new gas discovery on the field, called Valemon West. The discovery is estimated to contain between 20 and 50 million barrels of oil equivalent.
Aker Solutions won a contract from Statoil for the hook-up of the riser platform for the Johan Sverdrup field, Norway's largest offshore development in the past three decades.
Wood Group has been awarded a five year contract with Hess Exploration & Production Malaysia. The operations and maintenance contract is to support Hess' new-build fixed and floating offshore facilities in the North Malay Basin development area located approximately 150km north east of the Peninsular Malaysia, and includes a one-year extension option.
Gazprom Neft has met annual production targets at its Prirazlomnaya offshore platform (the first and, thus far, the only project on the Russian Arctic Shelf at which commercial hydrocarbon production is currently ongoing), with a total 2,154,000 tonnes of “ARCO” (Arctic Oil) being produced at the Prirazlomnoye field in 2016 — an over 2.5-fold increase on 2015 volumes, which saw 800,000 tonnes of oil despatched to customers in North West Europe.
A subsidiary of TechnipFMC (NYSE and Euronext: FTI) has entered into an agreement with INPEX Operations Australia for Riserless Light Well Intervention (RLWI) services in the Ichthys field, approximately 220-kilometers offshore of Western Australia, for the Ichthys LNG Project.
McDermott International, Inc. (NYSE:MDR) announced today it has been awarded a substantial contract from Saudi Aramco for engineering, procurement, construction and installation (EPCI) services in the Safaniya and Zuluf fields offshore Saudi Arabia.
Fluor Corporation (NYSE: FLR) announced today that it was awarded a two-year engineering services framework agreement with North Caspian Operating Company (NCOC) for conceptual studies and front-end engineering for its projects in the Caspian region.
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