Oil & Gas News

InEight’s next-generation planning and scheduling solution, InEight® Basis, now includes a risk management module, which introduces unprecedented risk and confidence management capabilities to the construction and engineering industries. The new module helps identify and quantify project risk considerations that affect cost and schedule selections, ultimately offering greater certainty to sectors where budget and project overruns are common.

On October 5, Equinor and the Johan Sverdrup partnership consisting of Lundin Norway, Petoro, Aker BP and Total, started production from the giant field in the North Sea, more than two months ahead of and NOK 40 billion below the original estimates in the Plan for development and operation.

The Secretaries General of the Organization of the Petroleum Exporting Countries (OPEC) and the Gas Exporting Countries Forum (GECF) have signed a Memorandum of Understanding (MoU) to strengthen cooperation in research and the sharing of best practices.

TechnipFMC announces that JFT – a consortium between JGC Corporation (JGC), Fluor Corporation (Fluor) and TechnipFMC has been awarded an Engineering, Procurement and Construction (EPC) contract by Mozambique Rovuma Venture S.p.A. (MRV) for the Rovuma LNG onshore liquefied natural gas (LNG) production complex project located in Cabo Delgado, Mozambique.

CGG Subsurface Imaging, part of CGG’s Geoscience division, has delivered state-of-the-art broadband 4D seismic results ahead of schedule from BP Angola’s latest monitor survey offshore Angola. This achievement builds on previous 4D seismic processing projects undertaken for BP Angola.

Cargo number 1000 was celebrated on October 10, at the Hammerfest LNG plant on Melkøya, “the Snøhvit plant”. The cargo consists of 140 500 cubic meters of liquefied natural gas (LNG). Total sales value of all the LNG cargos since the field came on stream is in the range of NOK 130-150 billion. In addition, we have the value of liquefied petroleum gas (LPG) and condensate.

In support of the Administration’s America-First Offshore Energy Strategy, Department of the Interior’s Acting Assistant Secretary for Land and Minerals Management Casey Hammond and the Bureau of Ocean Energy Management (BOEM) Acting Director Dr. Walter Cruickshank today announced that BOEM proposes to offer approximately 78 million acres for a region-wide lease sale scheduled for March 2020.

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