Petrobras Continues to Lead Global Deployment of Planned and Announced FPSOs #OilmanNEWS Oil and Gas News Upstream 

Petrobras Continues to Lead Global Deployment of Planned and Announced FPSOs

Petroleo Brasileiro SA (Petrobras) is expected to deploy 17 planned and announced floating production, storage and offloading vessels (FPSOs) globally during the outlook period 2019–2025, the highest among all the operators globally, according to GlobalData, a leading data and analytics company. The company’s report: ‘Q2 2019 Global FPSO Industry Outlook – Petrobras Continues to Lead Global FPSO Deployments’ reveals that… Read More
Making Dollars & Cents of Chevron’s $50 Billion Acquisition of Anadarko #OilmanNEWS Oil and Gas News Shale Upstream 

Making Dollars & Cents of Chevron’s $50 Billion Acquisition of Anadarko

Austin, TX – Drillinginfo, the leading energy SaaS and data analytics company, released a new analysis focused on Friday’s announcement that Chevron would acquire Anadarko Petroleum Corporation for $50 billion, the sixth largest transaction in the history of oil and gas acquisitions. If finalized, the deal would break a ‘deal logjam’ given U.S. oil and gas M&A deal values plunged to… Read More
#OilmanNEWS Oil and Gas News Upstream 

IMO 2020 Full Sail Ahead: Incoming Waves for Refiners, Shipowners

As of January 1, 2020, the International Maritime Organization (IMO) will begin enforcing a new regulation that caps the allowable sulfur content of all marine fuels from its current level of 3.5% m/m (mass/mass) to 0.5% m/m. While this new limit will not change the lower limits in existing sulfur Emission Control Areas (ECAs), it will inevitably have wide-ranging implications… Read More
Limited risk to oil majors’ investments from energy transition in medium term #OilmanNEWS Oil and Gas News Upstream 

Limited Risk to Oil Majors’ Investments From Energy Transition in Medium Term

Major oil and gas companies are increasingly highlighting the alignment of their corporate strategies with climate change goals. They are also pursuing major production growth projects, but the value risk to these investments from the energy transition is limited, according to GlobalData, a leading data and analytics company. The company’s latest analysis shows that planned and announced projects from the six… Read More
Oil prices rise as OPEC production declines #OilmanNEWS Alex Mills Contributors Oil and Gas News Upstream 

Oil Prices Rise as OPEC Production Declines

The price of crude oil continued its recovery last week on news of a reduction in oil production worldwide and positive economic news. The Organization of Petroleum Exporting Countries (OPEC) released its monthly production report on Tuesday revealing a decline of 797,000 barrels per day (b/d) in January to 30.81 million b/d, which is just below its projections for oil… Read More
Shell leads global new-build upstream capex outlook by 2025 #OilmanNEWS Oil and Gas News Upstream 

Shell Leads Global New-build Capex Outlook on Planned and Announced Upstream Projects to 2025

A total new-build capital expenditure (capex) of US$846bn is expected to be spent globally on planned and announced upstream projects from 2019 to 2025. Royal Dutch Shell Plc leads among all oil and gas companies and is expected to spend US$54.6bn on upcoming upstream projects during the forecast period, according to GlobalData, a leading data and analytics company. The company’s… Read More
#OilmanNEWS Oil and Gas News Texas Upstream 

Trendsetter Engineering Completes Delivery of Production Equipment for Noble Energy Leviathan Project

Houston, TX – Trendsetter Engineering has successfully completed the design and build of subsea production equipment for Noble Energy’s Leviathan Project, a large natural gas field development in the Eastern Mediterranean Sea off the coast of Israel, capping off over two years of effort. “This project has been a job well done by all those who contributed from Trendsetter and… Read More
FPSO Market to hit $30 bn by 2025 #OilmanNEWS Oil and Gas News Upstream 

FPSO Market to Hit $30 Billion by 2025

The FPSO market size is anticipated to surpass USD 30 Billion by 2025 and is set to witness vigorous growth on account of shifting trends toward offshore exploration & production driven by depleting onshore oil & gas reserves. Development challenges including excessive costs, material transportation, environmental conditions and decommissioning associated with fixed infrastructures will further shift the industry focus toward the… Read More
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