Chevron to resume production from Australia’s $54bn Gorgon project
Chevron expected to resume production from its $54bn Gorgon liquefied natural gas (LNG) project offshore Australia this month after recently being closed due to mechanical issues.
The news came after Chevron announced in March that the first shipment of LNG from the Gorgon project departed Barrow Island and was delivered to Chubu Electric Power in Japan.
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The company is in the process of completing repairs at the plant and hopes to attain full production at Train 1 within a period of six to eight months.
Technip and FMC Technologies agree to merge to create $13bn company
French oil-services company Technip and US-based FMC Technologies signed a memorandum of understanding (MoU) to combine and create a new company named TechnipFMC with a market value of $13bn.
Each company’s shareholders will own close to 50% of the new company, which will have its operational headquarters in Paris, France.
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The combination will build on the Forsys Subsea joint venture that was formed between Technip and FMC last year.
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By GlobalDataShell scraps $4.6bn FLNG contract with Samsung
Shell cancelled a $4.6bn contract with South Korean shipbuilder Samsung Heavy Industries for three floating LNG units for Australia’s $40bn Browse floating liquefied natural gas (FLNG) project.
The news comes after Woodside Petroleum announced its decision in March 2016 to put the Browse development on hold due to low oil prices.
Front-end engineering and design (FEED) work for the project is already complete.
BOS, Saipem and Star Gulf win $1.5bn contract for Azerbaijan’s Shah Deniz project
A consortium involving BOS Shelf, Saipem and Star Gulf secured a $1.5bn contract for Shah Deniz stage 2 project in Azerbaijan.
The Shah Deniz field is located 90km offshore Azerbaijan, in water depths from 75m to 550m and is operated by BP with a 28.8% interest.
Other partners comprise TPAO (19%), Socar (16.7%), Petronas (15.5%), Lukoil (10%) and NIOC (10%).
Siemens ships gas turbine to Abu Dhabi Marine’s offshore oil field in UAE
Siemens shipped its first industrial Trent 60 gas turbine generator package to Abu Dhabi Marine Operating Company’s (ADMA-OPCO) Satah Al-Razboot (SARB) offshore oil field project on Zirku Island, Abu Dhabi, UAE.
The offshore oil field project will have a daily capacity of 100,000 barrels of oil and is planned to be implemented in seven stages.
The project will also produce 35 million cubic feet of gas and involves the reclamation and construction of two artificial islands in order to facilitate drilling works to extract crude oil.
Shell evacuates personnel from Nigerian oilfields due to militant threat
Shell evacuated personnel from its Nigerian oilfields due to a mounting militant threat in the country’s Niger Delta region.
Shell’s decision came a few days after a group calling themselves the Niger Delta Avengers attacked Chevron’s offshore Okan oil platform in south-eastern Nigeria’s Delta State.
Because of this attack, around 90,000 barrels a day of output were stopped.
GE unveils new ultrafiltration membrane for oil and gas sector
US-based GE unveiled a new water treatment technology called ZeeWeed 700B for the offshore oil and gas industry.
The new horizontal-designed, inside-out ultrafiltration (UF) membrane ZeeWeed 700B offers seawater pretreatment for injection and solids removal in oil and gas applications.
The blended polyethersulphone (PES) membrane uses SevenBore fibre technology, produces better water quality and is virtually unaffected by variable raw water quality.
Keppel, Rosneft and MHWirth establish new offshore design centre
Keppel Offshore & Marine (Keppel O&M) signed an agreement with Russian national oil company Rosneft, and Norway-based drilling equipment provider MHWirth to establish a Singapore incorporated joint venture company (JVCO).
The JV will create a 100%-owned design and engineering centre (DEC), which will design drilling rigs for offshore work, engineering and commercial activity in Russia.
The DEC will also provide engineering and design training, and support projects at the Zvezda Shipbuilding complex in Vladivostok.
BP starts water injection project at Thunder Horse platform in US Gulf of Mexico
BP began a water injection project at its Thunder Horse platform in the Mississippi Canyon, about 150 miles southeast of New Orleans, US.
The water injection project reflects BP’s strategy of continued investment in its existing deepwater Gulf of Mexico production hubs in the US.
It is also expected to increase recovery of oil and natural gas from one of the three main reservoirs of Thunder Horse field.
JX Nippon sells 16% interest of Culzean gas field in North Sea to BP
JX Nippon Exploration and Production (JXNEPUK) sold a 16% working interest of Culzean gas field in the UK Central North Sea to BP’s subsidiary Britoil.
Following the acquisition of interest in licence no P.111, block 22/25a BP’s interest in the development will increase from 16% to 32%.
Maersk Oil-operated high-pressure, high-temperature (HPHT) gas condensate Culzean field was discovered in 2008.
