For any new offshore oil and gas project, calculating costs is key. Operators must assess both up-front capital expenditure (capex) as well as expected ongoing operational expenditure (opex) over the life of the project and weigh these figures against expected returns to ultimately determine if the development is financially viable.However, many companies don鈥檛 calculate costs accurately because they often fail to see the bigger picture when analyzing opex鈥
Chevron has sanctioned a project to increase recovery in the St. Malo field, as the US based supermajor looks to maximize existing resources in the Gulf of Mexico.The waterflood project is Chevron鈥檚 first in the deepwater Wilcox trend and is鈥
Aker Solutions' new integrated approach to subsea field design aims to accelerate field development and maximize performance through the life of the field. Jonathan Minnitt, the company's Senior Manager, Business Development, Europe & Africa, explains.
Norwegian authorities have formally approved the plan for development and operation (PDO) of the second phase of the Johan Sverdrup field, Equinor announced on Wednesday. The Norwegian energy company said the NOK 41 billion ($4.7 billion) project鈥
McDermott International on Tuesday said it has been awarded a contract by Eni for engineering, procurement and construction (EPC) of wellhead platform one (WHP1) to be installed in the Amoca field, located approximately 30 kilometers offshore Dos Bocas in southeast Mexico鈥
It鈥檚 been long thought the 鈥渟ubsea factory鈥 could reduce capex costs, but many topsides pieces of equipment must first be marinized to make that vision a reality. Oceaneering鈥檚 Subsea Pumping Technology (SPT), which recently won OTC's Spotlight on New Technology Award鈥
Keppel FloaTEC secured an engineering services contract from China鈥檚 云顶赌场老虎机 Oil Engineering Company (COOEC), the main engineering, procurement, construction and installation (EPCI) contractor for the Lingshui 17-2 production semisubmersible to be built at COOEC's Qingdao facility in China鈥
While the blue economy and renewables loomed large on today鈥檚 agenda at the 云顶赌场老虎机 Mediterranean Conference (OMC) in Ravenna, Italy, moves toward extending exploration into underexplored Greece, as well as technologies to enable more fields to be produced as subsea tiebacks鈥
BP and Enpro Subsea have executed a Global Frame Agreement aimed at providing an enhanced subsea architecture and smart standardization using Flow Access Module (FAM) technology to enable fast track, capital efficient subsea tiebacks.Enpro said鈥
An area of rich oilfields in the southern North Sea off Norway appears set to become the next large-scale development to awe and shock observers for being a possible 鈥渇ast-track鈥 project in a mature area thought to have seen its best days.Norwegian offshore operator鈥
Drydocks World said it has completed the Rashid D Wellhead Platform jacket and topside for TechinpFMC and end client Dubai Petroleum.鈥淩ashid D marks the fourth project we have built [with TechinpFMC] together for Dubai Petroleum,鈥 said Capt鈥
A video from Norway's Equinor outlines the road to production at the Aasta Hansteen gas field in the Norwegian Sea, which opened a new region for gas export to Europe when it came on stream on Sunday.鈥淟ocated in 1,300 meters of water, this is鈥
Equinor has received government approval for its plan to boost output and extend the lifetime of Troll, Norway's largest oil and gas field, the company said on Friday.The field accounts for about 40 percent of the natural gas reserves on the鈥
Heerema Fabrication Group (HFG) announced Tuesday that it intends to divest its activities at the locations in Zwijndrecht, the Netherlands and Hartlepool, U.K. The Dutch firm, which builds large structures for the offshore energy industry,鈥
Equinor announced Tuesday a new gas module has been put on stream on Troll B, boosting the oil production and processing capacity on the Troll field in the Norwegian sector of the North Sea.鈥淭roll is an exceptional oil and gas field globally鈥
