A contract that SLB (SLB.N), opens new tab and Venezuela’s state-run PDVSA signed last week has granted the U.S. oil services and technology company access to oilfield data from the country with the world’s largest crude reserves, three sources close to the negotiations said.The deal will allow SLB to organize and upgrade PDVSA’s vast but outdated databases […]
RINA has been awarded the front-end engineering and design (FEED) contract for PETRONAS CCS Ventures Sdn. Bhd. (PCCSV), a subsidiary of Petroliam Nasional Berhad (PETRONAS), covering the Southern Onshore Facilities of Malaysia’s flagship carbon capture and storage (CCS) project.
The contract is for the construction, operation and management of the facility, which will be located in West Kuwait and treat approximately 3.4 mcm (120 mcf) per day of sour gas. The construction project has a completion timeline of 790 days and includes a five-year operations and maintenance engagement.
TechnipFMC PLC said it had won a “substantial contract” from Exxon Mobil Corp to deliver subsea production systems for the Hammerhead field in the Stabroek block offshore Guyana.
TechnipFMC plc has been awarded a “significant” contract for subsea production systems by Petroleo Brasileiro SA (Petrobras) after a competitive tendering process. While the contract value remains undisclosed, TechnipFMC values significant contracts between $75 million and $250 million.
The agreement also includes installation support and life-of-field services, with options for additional equipment as projects progress. All subsea systems will be built and serviced in Brazil, underscoring both companies’ long-standing partnership and commitment to local content.
With a reported value of approximately USD 163.4 million, it represents the largest standalone well-logging contract secured by a Chinese company overseas, according to statements to Upstream by a company official.
The Sakarya gasfield is located 170 kilometres off the coast of Filyos, Zonguldak, and the latest phase includes a floating production unit fed by 27 wells across the Sakarya and Amasra fields, connected to the onshore terminal via a new trunkline.
The framework agreement begins in August 2025 and runs until July 2027, with four optional one-year extensions. The scope includes planning, advisory and execution services across insulation, coatings, passive fire protection, structural access and software-driven performance enhancement.
Baker Hughes has secured a long-term service agreement award from bp for its Tangguh Liquefied Natural Gas (LNG) plant in Papua Barat, Indonesia. This comprehensive 90-month agreement covers spare parts, repair services, and field service engineering support for critical turbomachinery at the facility including heavy-duty gas turbines, steam turbines and compressors for three LNG trains.