Oil & Gas News

MacGregor, part of Cargotec, has received an order from China National Offshore Oil Corporation (CNOOC) to supply the on-vessel mooring system for a deepwater Floating Production Unit (FPU). The order is booked into Cargotec's first quarter 2019 order intake and the delivery will take place in the first quarter of 2020.

BP has announced that it has established a $100 million fund for projects that will deliver new greenhouse gas (GHG) emissions reductions in its Upstream oil and gas operations. The new Upstream Carbon Fund will provide significant further support to BP’s work generating sustainable greenhouse gas emissions reductions in its operations.

Interior’s Assistant Secretary for Land and Minerals Management Joe Balash announces that region-wide Gulf of Mexico Lease Sale 252 generated $244,299,344 in high bids for 227 tracts covering 1,261,133 acres in federal waters of the Gulf of Mexico. A total of 30 companies participated in the lease sale, submitting $283,782,480 in all bids.

Offshore Survey, which takes place alongside Ocean Business at the National Oceanography Centre in Southampton UK, from 10-11 April 2019, confirms two high profile speakers to deliver keynote presentations on each day of the conference.

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