TechnipFMC’s eSolutions platform supports field simplification by using standard system components with a track record of reliability. The company’s configure-to-order approach is said to enable standardization across subsea developments, with key parts of the electrical safety system including the 800-series controls and electric actuators.
According to the EIA, the development plan calls for drilling 14 to 30 production and water-injection wells; installing and operating subsea umbilical, riser, and flowline (SURF) equipment that will connect the FPSO to the wells; using an FPSO to process, store, and offload the recovered oil; and installing a 13-km gas export pipeline from the FPSO to a tie-in on the Gas to Energy pipeline. The EIA said subsea components are expected to be installed in 2028, with FPSO installation and commissioning expected the same year.
GTA is located in a newly tapped basin offshore Mauritania and Senegal and has been described by BP as “one of the deepest, most complex gas developments in Africa,” due to its location in water depths of up to 2,850 metres. It is operated by BP with Kosmos Energy and the state-owned oil companies of Mauritania and Senegal, SMH and PETROSEN, as project partners.
Under the terms of the MoU, the partners have committed to drilling up to 20 additional wells in the Jubilee field, with investments totalling up to $2 billion over the life of the licences. The partners expect a material increase in gross 2P (proven and probable) reserves, while new measures will also aim to boost gas supply and reduce costs to consumers.
The event was held as US trade rival China seeks to extend its influence on the continent by offering to remove levies on imports from almost all African countries, while America threatens reciprocal tariffs after a 90-day pause ends on July 9. The US has also cut aid to the continent and banned travel from certain African nations.
“The amount includes the principal debt for gas transit services under the 2019 agreement, as well as delay interest and full compensation for legal expenses incurred by Naftogaz”, Naftogaz said in an online statement. The state-owned integrated oil and gas company said it had won the award June 10.
Oil market concerns over Middle East hostilities became almost exclusively focused over the past week on the Strait of Hormuz and the potential for short-term disruption. That’s what analysts at Standard Chartered Bank, including the company’s commodities research head Paul Horsnell, think, a new report sent to Rigzone by the Standard Chartered Bank team on […]
While China hasn’t officially purchased Iranian barrels since June 2022, third-party data providers and traders signal flows have been resilient despite broad US sanctions. That’s because the Chinese have built a supply chain outside of western control, which includes dark fleet ships and yuan-denominated payments, supporting imports of more than 1 million barrels a day.
“By investing in one of the largest photovoltaic projects in Bulgaria, we are strengthening our presence in this neighboring market and are supporting the region’s energy transition. We believe that natural gas and renewables complement each other and play a key role in reducing emissions while ensuring energy stability”, Franck Neel, OMV Petrom Executive Board Member responsible for the Gas & Power division, said.
Now, these concerns appear to have taken the back seat in the face of a fresh dose of Middle Eastern instability and energy supply uncertainty—especially in gas. Almost a third of China’s gas imports come as LNG from Qatar and the United Arab Emirates, the WSJ noted in its report, citing Rystad Energy figures. Russia, in turn, is China’s third-largest supplier of LNG, after Australia and Qatar. But it is China’s biggest pipeline supplier, via the Power of Siberia 1, with flows this year set to reach 38 billion cu m, according to S&P Global.