Oil & Gas News

Equinor and Global Petro Storage (GPS) have entered into a long-term agreement for a terminal and storage for LPG (Liquified Petroleum Gas) volumes in Port Klang in Malaysia. GPS will build a new facility to execute this agreement with startup of operations planned for mid-2021.

McDermott International, Inc. has announced a contract award for concept and engineering services for Talos Energy Inc. for the Zama field development project – the first offshore Mexico block awarded to a private operator. The contract award is for engineering services, including concept selection and follow-on pre-FEED.

Unique Group, one of the world’s leading integrated subsea and offshore solution providers together with Innovo, an engineering, construction and equipment rental company, have successfully completed a multi-million dollar decommissioning contract for Italian global marine, oil and gas contractor, Saipem, on a key offshore platform in the Middle East region.

BP, on behalf of co-venturers Shell, Chevron and ConocoPhillips, has announced first oil production from the giant Clair Ridge project in the West of Shetland region offshore UK.

Norwegian minister of petroleum and energy, Kjell-Børge Freiberg, will start cutting the first sheet for the topside of the Johan Castberg vessel at Kværner's yard at Stord. The construction will create major ripple effects throughout Norway.

Explorers interested in Argentina’s upcoming offshore bid round will benefit from a new geological study which constrains the timing and structural context for Triassic to Early Cretaceous basin development prior to and during continental rifting of the South Atlantic Ocean. This new framework for basin evolution will inform exploration strategy and reduce investment risk in the unexplored and underexplored Argentina and Falklands regions.

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