Ichthys field’s FPSO vessel sets sail

The Ichthys Venturer floating production, storage, and offloading
vessel has left Daewoo Shipbuilding & Marine Engineering’s shipyard
in South Korea and is stationed about 30 km southeast undergoing final
preparations for sailing to Western Australia.

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Source:: Oil Gas Journal

      

Ichthys field’s FPSO vessel sets sail

BOEM reduces shallow-water royalty rate for upcoming lease sale

The US Bureau of Ocean Energy Management lowered the shallow-water royalty rate for proposed Outer Continental Shelf Lease Sale 249 in the Gulf of Mexico to 12.5% from the original 18.75%. The new rate, which is the same as the one for federal onshore oil and gas royalties, would apply in water less than 200 m, the US Department of the Interior agency reported on July 7 after completing an analysis of its royalty rates. …read more

Source:: Oil Gas Journal

      

BOEM reduces shallow-water royalty rate for upcoming lease sale

TAQA lets contract for Otter field

Abu Dhabi National Energy Co. PJSC (TAQA) has let an engineering,
procurement, construction, installation, and commissioning (EPCIC)
contract to OneSubsea, a Schlumberger company, for a subsea multiphase boosting system for Otter field in the UK North Sea. Terms were not disclosed.

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Source:: Oil Gas Journal

      

TAQA lets contract for Otter field

Investment for supply security

The 2017 World Energy Investment Report by the International Energy Agency showed that the fall in global upstream oil and gas investment in 2015 and 2016 totaled $345 billion. The number of sanctioned crude oil projects in 2016 reached the lowest level since before 1950. …read more

Source:: Oil Gas Journal

      

Investment for supply security