SUEZ NWS, a subsidiary of SUEZ Group, signed a comprehensive strategic partnership agreement with CNOOC Energy Technology, to enlarge their long-term cooperation and further pursue environmental projects in the Oil & Gas sector.
The global liquefied natural gas (LNG) market has continued to defy expectations of many market observers, with demand growing by 29 million tonnes to 293 million tonnes in 2017, according to Shell’s annual LNG Outlook.
Schlumberger and Subsea 7 have announced that they have entered into exclusive negotiations to form a joint venture that builds on the success of Subsea Integration Alliance, which was established in 2015.
The basic process of refining crude oil – fractional distillation – into useable product is reasonably simple. Crude oil contains various hydrocarbon compounds all of which condense at varying temperatures.
The contract includes the construction and installation of the topside structure for the floating production, storage and offloading vessel (FPSO) to be located on the Johan Castberg field in the Barents Sea.
With oil currently expected to remain at lower prices for longer, the focus of operations has shifted away from constructing new wells in frontier areas, towards maximizing output from wells already in production.
Ocean Floor Geophysics Inc. (OFG) works with the Shell Ocean Discovery XPRIZE GEBCO-NF Alumni Team to advance the state of the art in autonomous seafloor survey through operations support, expertise, and OFG’s HUGIN Autonomous Underwater Vehicle (AUV) Chercheur.