Chevron Corp. on Thursday sanctioned the massive Anchor oil and natural gas project in the U.S. Gulf of Mexico (GOM), the first greenfield launch in nine years and the first high-pressure project for the domestic offshore.
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TechnipFMC plc, which provides worldwide subsea, onshore, offshore and surface technology services, plans to create two independent, publicly traded companies to enhance the transitioning energy markets.
Up to 200 oil and gas projects worldwide could be approved by year’s end, lifted by a resurgence in offshore activity and better execution, analyst teams said this week.
Houston-based Talos Energy Inc. said its Mount Providence well in the Gulf of Mexico deepwater has begun producing about two months ahead of schedule, with current gross production of 3,850 boe/d — near the top of guidance.
Houston engineering and construction giant McDermott International Inc. announced preliminary plans as it prepares to complete a merger with crosstown CB&I on Monday only days after Subsea 7 SA launched a hostile takeover bid, but only for McDermott.
Royal Dutch Shell plc agreed Monday to take $425 million from EnVen Energy Corp. for the Brutus platform and Glider production system in the deepwater Gulf of Mexico (GOM).
Houston-based FMC Technologies Inc., a technology innovator in the subsea and on land, on Thursday agreed to merge with Paris-based Technip, an energy engineering and construction giant, in a transaction valued at $13 billion.
Fully automated drilling operations, autonomous pipeline inspections and the expanded use of natural gas to fuel trucks and railways are likely to be at the forefront by 2025 as technology makes gains in the upstream industry, industry consultant DNV GL said.
FMC Technologies Inc., one of the biggest vendors to North America’s oilfield service (OFS) operators, experienced significant declines in North America land operations during the second quarter and now expects no relief before 2016.
Houston-based OneSubsea is allying with Norway’s Subsea 7 SA to design, develop and deliver integrated options for the offshore, a market that has seen as big a downturn if not more, than the onshore.