TechnipFMC has signed a memorandum of understanding (MoU) with bp setting out a framework to cooperate on the supply of 20,000-psi (20K) subsea tree systems for bp’s Paleogene projects in the U.S. Gulf.
Egypt plans to start the first phase of an ocean bottom node (OBN) seismic survey covering about 18,000 sq km of its Eastern Mediterranean waters within the next two weeks, Minister of Petroleum and Mineral Resources Karim Badawi said on Oct. 18. The aim is to improve natural gas exploration prospects.
Eni has launched start-up activities for the Meleiha Phase 2 (MP2) project in Egypt’s Western Desert, advancing development of a new gas hub within the Merged Meleiha concession. The project includes a gas processing facility designed to handle up to 100 MMcfd.
The Philippines and the US are exploring an expansion of collaboration on energy security, including the creation of strategic oil reserves, according to Manila’s energy department.
Qatar is offering to take over Lebanon’s power supply problem at no upfront cost to Beirut. A draft program seen by Reuters has Qatar building two gas-fired power plants within three years and QatarEnergy supplying the gas under a 20-year LNG contract, with private financing in place of Lebanese public money. The document leaves payment obligations and guarantees open for negotiation, and Lebanon’s state utility currently delivers only a few hours of electricity a day.
Liquefied natural gas prices on the Asian spot market topped $30 per million British thermal units for the first time since December 2022, Bloomberg reported earlier today. The price jump follows a report about a strike on an LNG tanker in the Gulf of Aden, off the Yemeni coast.
North America dropped five rigs week on week, according to Baker Hughes’ latest North America rotary rig count, which was published on October 16
Arun Duggal, President & Country Manager of MODEC America, talks to The Energy Year about the integration of SOFEC, Inc. into the MODEC group, mooring solutions for the world’s most demanding deepwater developments and the industry’s shift towards lifecycle FPSO delivery.
Transocean has secured contracts for two of its ultra-deepwater drillships in the U.S. Gulf that together add about $550 million in firm contract backlog.
Perenco UK has completed decommissioning of the Leman South and Durango subsea assets in the Southern North Sea, plugging and abandoning the wells and removing associated subsea infrastructure.