ExxonMobil buys interest in Carcara oil field for $800m
ExxonMobil completed the purchase of 50% of Equinor’s interest in the BM-S-8 block that is located offshore Brazil and comprises part of the two billion barrel, pre-salt Carcara oil field for an upfront payment of $800m.
Originally announced last October, the transaction also involves potential, contingent payments of around $500m.
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Equinor (formerly Statoil) and its Carcara North block partners have also divested a 3% interest in the BM-S-8 block to Galp for approximately $155m.
Shell completes sale of interest in Bongkot field for $750m
Shell affiliates Shell Integrated Gas Thailand and Thai Energy Company closed the sale of their 22.2222% interest in the Bongkot field and adjoining acreage offshore Thailand in a deal valued at $750m.
The sale, which comprises Shell’s stake in Blocks 15, 16 and 17 and Block G12/48, was made to PTT Exploration & Production Public Company (PTTEP) and PTTEP International, a wholly owned subsidiary of PTTEP.
Announced on 31 January, the sale completion follows receipt of the necessary regulatory approvals.
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By GlobalDataRenewable energy to power Norwegian gas platforms
Norwegian energy company Equinor, alongside its partners, is looking to supply power from renewable land sources to three platforms currently powered by gas turbines.
The platforms under consideration are Troll C and the Sleipner field centre, the latter of which includes the Gudrun tie-in platform in the North Sea. The sites were identified as the most suitable electrification candidates in a mapping study Equinor made of own-operated Norwegian Continental Shelf (NCS) fields.
The scheme will seek to utilise and expand existing land infrastructure to power the sites by renewable energy sources such as offshore wind and solar.
Equinor completes 25% interest acquisition in Roncador oil field
Norway oil company Equinor completed the acquisition of a 25% non-operated interest in the Roncador oil field in Brazil’s Campos Basin from Petrobras after meeting all conditions, including the regulatory approval.
The deal was announced in December.
Equinor paid an adjusted cash consideration of $2bn to Brazil’s state-run Petrobas for the interest, with additional contingent payments of up to $550m associated to investments in projects to boost the recovery from the field.
Wearable technology keeps offshore workers informed
In collaboration with oil and gas company Lundin Norway, software provider Eigen designed an app which pairs with wearable devices to provide oil and gas offshore workers with real-time information.
Using the tool, offshore ‘digital’ workers are given instant access to operational data through the app itself or a headset with a visor interface. Information about industrial equipment can be accessed either through image processing or by manually entering search terms, offering data on past or planned maintenance, recently generated alarms, live performance data and documentation.
The app is intended to increase worker efficiency as it eliminates the time spent understanding the status of equipment, allowing engineers to focus on the tasks before them. Additionally, by giving workers access to information about the facilities, they are more readily alerted to any potential dangers.
McDermott and BHGE win contract for Myanmar offshore field
Posco Daewoo awarded a contract to a consortium of McDermott International, and Baker Hughes, a GE company, for the Phase Two development of Shwe gas field offshore Myanmar.
The execution of a front-end engineering and design (FEED) followed by the engineering, procurement, construction, installation and commissioning (EPCIC) tender led to the award of this contract for the consortium.
The EPCIC scope includes SURF and SPS for an eight-subsea-well development at a water depth of between 279ft (85m) and 466ft (142m), as well as brownfield modifications to tie-back the new subsea platforms to the existing Shwe facility.
Oil & Gas Technology Centre begins start-up accelerator programme
The Oil & Gas Technology Centre in the UK started its start-up accelerator programme TechX Pioneer with ten technology start-ups in the first cohort.
Intended to address challenges in the oil and gas sector, the programme will offer funding, business support and market access to help unlock the complete potential of the UK Continental Shelf.
Selected from a total of 125 entrepreneurs from 24 countries, the ten start-ups will initially each receive a seed funding of £25,000 to support business development and technology enhancements.
Schlumberger quits joint venture with Golar LNG
Oilfield services company Schlumberger decided to withdraw from the joint venture with Golar LNG, known as OneLNG, owing to issues with financing.
OneLNG, along with Ophir Energy, is engaged in the development of Fortuna LNG project in Equatorial Guinea.
The dissolution of the joint venture was announced by Golar LNG stating that despite efforts, the partners were unable to finalise ‘an attractive debt financing package’.
Baker Hughes to invest in Scotland subsea manufacturing campus
US oil service giant Baker Hughes, a GE company, revealed plans to make an investment of £31m ($41m) to build a subsea manufacturing campus in the north-east of Scotland.
The plan will be backed by a £4.9m grant from Scottish Enterprise, a sponsored non-departmental public body of the Scottish Government.
The £31m investment by Baker Hughes is part of its plan to transform its current facility into a new Centre of Excellence (CoE), which will cater to the global oil and gas sector.
Aker Solutions shifts SAP applications to SAP’s Cloud
Aker Solutions accelerates its digitalisation efforts by shifting its internal SAP applications to SAP’s Cloud, to boost operations and efficiency.
Cloud-based systems are usually cheaper to operate than physical systems as they need lesser expenditure on computer hardware, monitoring and software licences.
The shift will save Aker Solutions about 20% on software licensing costs.
