In a joint industry project that also sees the involvement of two other, unnamed operators, the to-be-developed modular contra-rotating pump should enable operators to unlock greater volumes with a smaller subsea footprint. The system eliminates the need for a barrier fluid system and can do with a smaller topside, enabling greater efficiencies. GE expects lifecycle cost reductions of as much as 30 percent.
ExxonMobil announced the closing of its acquisition of Pioneer Natural Resources on Friday, a move that solidifies its position in… Read More
Azule Energy and Rhino Resources will enter a strategic farm-in agreement for Block 2914A located in Namibia's offshore Orange Basin,… Read More
Africa-focused energy group Chariot has spudded the RZK-1 exploration well on the Gaufrette prospect at the Loukos Onshore licence in… Read More
Touchstone Exploration has acquired Trinidad-focused Trinity Exploration & Production in an all-shares deal, the Canadian upstream player said on Wednesday Read More
ExxonMobil is "optimistic and pushing forward" with the Rovuma LNG project in Mozambique and eyes an FID by the year's… Read More
SLB OneSubsea and Subsea7 have signed a long-term strategic collaboration agreement with Equinor and begun work on two of its… Read More
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