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Santos has given TechnipFMC a notice to proceed for its Barossa subsea production system contract.
Santos Ltd. (ASX: STO) has given TechnipFMC (NYSE: FTI) (PARIS: FTI) a notice to proceed for its subsea production system contract for the Barossa project, TechnipFMC reported Monday.
TechnipFMC noted in a written statement emailed to Rigzone that the contract scope for Barossa, located 186 miles (300 kilometers) north of Darwin, Australia in approximately 427 feet (130 meters) of water, calls for supplying subsea trees and associated control systems, manifolds, and wellheads as well as providing installation and commissioning support. The firm pointed out that Barossa will help to extend the life of the Darwin LNG facility.
by Bloomberg
|Wednesday, April 28, 2021
Oil swung between gains and losses after OPEC+ confirmed it would proceed with plans to add more barrels to the market, despite a virus resurgence in some regions clouding the demand outlook.
(Bloomberg) Oil swung between gains and losses after OPEC+ confirmed it would proceed with plans to add more barrels to the market, despite a virus resurgence in some regions clouding the demand outlook.
Futures in New York held steady near $63 a barrel, after earlier adding 0.6%. An OPEC+ committee agreed the group should stick to its roadmap for boosting supply in the coming months, reflecting confidence in the prospects for global consumption. But a surge of coronavirus cases in India and Brazil shows the recovery remains uneven.
Reliance Industries Limited and BP (NYSE: BP) have announced the production start up of the Satellite Cluster gas field in block KG D6, which is located off the east coast of India.
Reliance Industries Limited (RIL) and BP (NYSE: BP) have announced the production start up of the Satellite Cluster gas field in block KG D6, which is located off the east coast of India.
Satellite Cluster will produce gas from four reservoirs, utilizing a total of five wells, and is expected to reach gas production of up to 211 million cubic feet per day. The field, which was originally scheduled to start production in mid-2021, is located around 37 miles from an existing onshore terminal at Kakinada on the east coast of India in water depths of up to 6,069 feet.
by Bloomberg
|Wednesday, April 28, 2021
Saudi Arabia s crown prince said the kingdom is in talks to sell a 1 percent stake in state oil giant Saudi Aramco to a leading global energy company .
(Bloomberg) Saudi Arabia’s crown prince said the kingdom is in talks to sell a 1% stake in state oil giant Saudi Aramco to a “leading global energy company” as he forecast an economic rebound after the coronavirus pandemic.
The kingdom is looking at the potential sale which could be worth about $19 billion, based on the company’s market value as a way to lock in customer demand for the country’s crude, Crown Prince Mohammed Bin Salman said in a rare interview on a Saudi television channel late Tuesday. While providing few details on which company is involved in the talks, he said the sale could take place in the next two years.