Adjust Sourcing and Mobilisation Plans for Competing Offshore Demands

” While engineering and project management activities will be led from McDermott’s offices in the United Arab Emirates, fabrication will be carried out at QMW, the firm’s joint venture fabrication yard in Qingdao, China

Illustration; Source: McDermott McDermott has been awarded an EPCI contract, worth more than $1 billion, by ADNOC for Package 4 of the Umm Shaif Integrated Gas Cap and Surface Pressure Boosting (SPB) project, which is a critical component of the Umm Shaif Long Term Development Plan (LTDP), designed to maximize gas recovery from the field and increase gas production

The EPCI job with ADNOC comes two months after McDermott secured a place among contractors Saudi Arabia’s Aramco picked for a project management consultancy (PMC) long-term agreement (LTA) to support delivery of large-scale energy, downstream, petrochemical, and low-carbon projects

Home Fossil Energy MODEC’s FPSO reaches Guyana as ExxonMobil’s fifth oil project nears start-up Japan’s MODEC has announced the arrival of a floating production, storage, and offloading (FPSO) vessel in Guyanese waters ahead of its deployment on a project in the Stabroek block, as the development moves closer to first oil expected later this year. FPSO Errea Wittu; Source: MODEC MODEC’s FPSO Errea Wittu, which was developed for ExxonMobil Guyana, a subsidiary of the U

The arrival of FPSO Errea Wittu signals the beginning of the Japanese firm’s longer-term commitment to Guyana

MODEC is focused on supporting local development through collaboration with Guyanese stakeholders, knowledge sharing, skills development, and meaningful contributions that create lasting value in-country

Home Fossil Energy Equinor, Aker BP and Vår Energi launch multi-year hunt for Norway’s next big oil & gas discoveries August 24, 2026, by Three of Norway’s biggest oil and gas players – Equinor, Aker BP, and Vår Energi – are joining forces to search for the next batch of major hydrocarbon discoveries on the Norwegian Continental Shelf (NCS), targeting up to 25 high-impact exploration prospects over the next few years. Odfjell Drilling’s Deepsea Stavanger rig; Source: Rune Samuelsen/Equinor The three companies a

These firms plan to mature and test a portfolio of approximately 20–25 exploration opportunities over the next four to five years, with an ambition to drill around five high-impact exploration wells annually. Kjetil Hove, Executive Vice President for Exploration & Production Norway at Equinor, commented: “By combining our expertise and exploration portfolios, we can high-grade the best opportunities, move faster and do more

The trio has agreed to combine expertise, data, technology and exploration capacity to explore selected high-impact exploration opportunities. These firms plan to mature and test a portfolio of approximately 20–25 exploration opportunities over the next four to five years, with an ambition to drill around five high-impact exploration wells annually

Home Fossil Energy WATCH: $17

As previously reported by Woodside, there is an expansion capacity for two additional LNG trains

The contract award to Louisiana-based supplier Green Tug Towing for the design and construction of four new tugboats is seen as an example of Woodside’s commitment to engaging local suppliers

Equinor is determined to expand Norwegian hydrocarbon resources, as illustrated by its latest collaboration pact with Aker BP and Vår Energi, which enables the trio to jointly explore high-impact prospects in pursuit of more oil and gas

Currently, Equinor and Aker BP are the first users of this wellhead tool. DNV will continue to develop the software for continuous monitoring of subsea wellhead integrity as more operators come on board, supporting safer operations and more efficient use of existing subsea infrastructure

This wellhead fatigue software, renamed Wellhead Fatigue Manager, brings well data, analysis, and standardized workflows into one place, so operators can track and manage accumulated fatigue damage throughout the life of a subsea well. The platform integrates DNV-RP-E104, the recommended practice for wellhead fatigue analysis in use by more than 400 companies in 55 countries, and replaces fragmented, one-off engineering assessments with continuous, data-driven fatigue management