A Barrel Fulll Archive

March 30, 2015 Dragados Offshore delivered Total Austral the Vega Pleyade Project on the 25th March 2015, obtaining the Ready for Transportation certification signed by the Client. Our SOW included the engineering, procurement, construction (EPC), including in-house detail design, onshore commissioning, load-out and sea-fastening of the WHP topsides (1.500 tonnes), 4-legged jacket (1.000 tonnes), and piles. These components sailed away towards a gas field located in Tierra del Fuego, Argentina. The field is located approximately 20 km from the coast.

26/09/2022 Corinth Pipeworks has been selected by TotalEnergies and his Partners (WintershallDea and Pan American Sur) to manufacture and supply approximately 40km of 24” longitudinally submerged arc welded steel pipes for the Fenix phase 1 gas export pipeline. Fenix gas field is part of the Cuenca Marina Austral (CMA-1) license, operated by Total Austral in Tierra del Fuego, Argentina since the 1990’s, one of the world’s most southern offshore development locations. Fenix will be the latest addition being developed with a minimum wellhead platform sending production towards the Vega Pleyade platform for subsea connection to the existing pipeline to onshore. The pipes will be manufactured in Corinth Pipeworks’ facilities in Greece, and installation work will commence according to schedule in 2023. Scope of supply also includes external 3LPE anti-corrosion coating and concrete weight coating applied at the same location as pipe manufacturing in Thisvi, Greece. Corinth Pipeworks’ CEO

02/25/2016  Total has started up production at the offshore Vega Pleyade gas and condensate field in the Tierra del Fuego region of Argentina. Operated by Total, the project will have a production capacity of 10 million cubic meters of gas per day (70,000 barrels of oil equivalent per day (boe/d)). "Vega Pleyade is Total's second start up this year and will contribute to our production growth in 2016 and for the years to come,” commented Arnaud Breuillac, President Exploration & Production. “The project consists of the development of one of the largest offshore gas fields in Argentina and is the world's southern-most gas development. It will allow us to maintain the level of our operated production in Tierra del Fuego at around 18 million cubic meters per day (130,000 boe/d) and to contribute to the long-term delivery of gas to Argentina." The Vega Pleyade development consists of a wellhead platform in 50 meters water depth, tied back via a 77 kilometer offshore

September 19, 2022 TotalEnergies has approved the final investment decision for the Fenix gas development , located 60 km off the coast of Tierra del Fuego in southern Argentina. Through its Total Austral affiliate, TotalEnergies operates the project with a 37.5% interest, in partnership with WintershallDea (37.5%) and Pan American Sur (25%). The Fenix field will be developed through three horizontal wells, drilled from a new unmanned platform in 70 meters water depth. The gas will be transported through a 35km pipeline to the TotalEnergies-operated Véga Pleyade platform and treated onshore at the Rio Cullen and Cañadon Alfa plants, also operated by the Company. At production start-up, expected early 2025, Fenix will produce10 million cubic meters per day of natural gas (70,000 barrels of oil equivalent per day). This development represents an investment of approximately $706 million. “This latest development demonstrates TotalEnergies' ability to leverage its hydrocarbon portfoli

26/01/2023 Corinth Pipeworks has been selected by Chevron Mediterranean Ltd. to manufacture and supply approximately 155km of 20” longitudinally submerged arc welded steel pipes for the Tamar gas field optimization development, in the Southeastern Mediterranean. The project will provide critical infrastructure, as it will connect the subsea manifold at a maximum water depth of 1,700 meters to the offshore platform where gas will be processed before being transported to shore in Israel. The pipes will be manufactured at Corinth Pipeworks’ facilities in Greece, and installation work will commence according to schedule within 2024. Scope of supply also includes internal and 3-layer polypropylene, external coating, applied at the same location as pipe manufacturing at Thisvi, Greece. “It is a significant project that highlights the leading position of Corinth Pipeworks as a Tier 1 supplier for complex offshore projects requiring high technological expertise” commented Ilias Bekiros, C

3 March, 2017 Amsterdam based Oil and Gas producer Oranje-Nassau Energie B.V. (“ONE”) announced today that it has signed a sale and purchase agreement with Calgary, Alberta based Sterling Resources Ltd. (“Sterling”) and its wholly-owned UK subsidiary SRUK Holdings Ltd, to acquire the entire issued share capital of Sterling Resources (UK) Ltd (“SRUK”) for a consideration of US$163 million in cash. SRUK’s key asset is the 30% working interest in the INEOS operated Breagh gas field in the UK Southern North Sea. SRUK further holds 2% in the Cladhan production license and various other exploration licenses in the UK and the Netherlands via SRUK’s subsidiary Sterling Resources Netherlands B.V. Breagh net production to SRUK in 2017 is estimated to be 3,000 boe/d. Breagh’s long term production profile will further strengthen the ONE portfolio. ONE’s production is expected to increase from 22,000 to over 25,000 boe/d following the completion of this transaction. Commenting on the acquisition A

26 November 2021 NEO Energy today announces it has signed an agreement to acquire 100% of the share capital of JX Nippon Exploration and Production (U.K.) Limited (“JX UK”). JX UK holds non-operated interests in multiple producing fields and associated infrastructure in the UK North Sea including a 20% interest in the Mariner field and an 18% interest in the Culzean field . The transaction excludes JX UK’s interests in the Andrew Area. The transaction is subject to approvals from the relevant authorities and regulatory consents.

August 15, 2019 Equinor and partners are proud to announce first oil from the Mariner field in the UK North Sea today. The field is expected to produce more than 300 million barrels of oil over the next 30 years. “The start-up of Mariner, the first Equinor-operated oil field on the UKCS, establishes our foothold in the UK and reinforces our commitment to be a long-term energy partner,” says Hedda Felin, senior vice president for UK and Ireland Offshore in Equinor. The Mariner reservoirs have up to 3 billion barrels of oil in place, a 50% increase on what was originally assumed, and the estimated recovery rate has already been increased by 20 percent. Mariner is expected to produce annual average plateau rates of around 55,000 barrels of oil per day and up to 70,000 barrels of oil per day at peak production. “By gathering and interpreting new seismic data we have improved our understanding of the reservoirs. This has resulted in fewer and better placed wells and increased resources sin

November 16, 2016 Hyundai and Saudi Aramco have inked contracts for the company’s ‘Uthmaniyah Ethane Deep Recovery Project. Tofiq H. Al Gabsani, Saudi Aramco’s acting executive director of Project Management, presided over a signing ceremony with Hyundai director and project director Jae Ho Junin and Chul Ho Ryu, general manager of the company’s al-Khobar branch office, at Saudi Aramco’s Dhahran headquarters. The project will involve the recovery of ethane, propane and natural gas liquids from sales gas at ‘ Uthmaniyah . Al Gabsani praised the quality of Hyundai’s previous work with Saudi Aramco and said the two parties will maintain a high level of communication for the duration of the project.

December 16, 2022 Lummus Technology, a global provider of process technologies and value-driven energy solutions, today announced that its licensed TC2CTM crude-to-chemicals technology will move forward in its first commercial deployment through S-Oil’s Shaheen Project in South Korea. S-Oil recently confirmed its final investment decision on the Shaheen Project. Once complete, Shaheen will be one of the world’s largest ethylene plants and the first commercial deployment of TC2C, a breakthrough technology that transforms whole crude into value-added chemicals. “TC2C increases chemical yield more than any other crude-to-chemicals technology currently under development, while also enhancing energy efficiency, reducing carbon intensity and lowering operating costs,” said Leon de Bruyn, President and Chief Executive Officer of Lummus Technology. “As we reach milestones such as S-Oil’s final investment decision, we are grateful for our partnership with Saudi Aramco Technologies Company and

31st March 2019 A commemorative event for the successful completion of Oman SRIP (Sohar Refinery Improvement Project) was held in Oman on March 31. Oman’s Oil and Gas Minister, local key figures such as client Orpic’s CEO, and officials from the Korean embassy to Oman including Ambassador Gang Do-ho, Export-Import Bank of Korea, and KOTRA as well as Daelim Plant Division Director Yu Jae-ho and General Manager Lee Yong-sang attended the event and celebrated the completion. The event drew such huge attention in Oman that it was broadcast live to commemorate the successful completion of production on-spec through the 8 plants built by Daelim and initial acceptance and LRT (lender reliability test)*. The client offered encouragement and expressed appreciation for the high reliability and efforts demonstrated by Daelim up to the last phase of the project. Plant Division Director Yu Jae-ho received the achievement award on behalf of the EPC contractor. LRT (Lender Reliability Test): Test t

21 March 2022 PETRONAS is pleased to announce that the Pegaga field in Block SK320, off the coast of Sarawak, Malaysia, has commenced first gas production feeding into the PETRONAS LNG Complex in Bintulu. Block SK320 is operated by Mubadala Development Company Oil and Gas Limited (Mubadala Petroleum) with a 55 per cent participating interest, while partners PETRONAS Carigali Sdn Bhd hold 25 per cent and Sarawak Shell Berhad hold the remaining 20 per cent. The production facilities, which consist of an integrated central processing platform and a wellhead drilling platform, are designed to produce 550 MMscfd of gas evacuated through a new subsea pipeline tied into an existing offshore gas pipeline network. PETRONAS Senior Vice President of Malaysia Petroleum Management, Mohamed Firouz Asnan said, “On behalf of PETRONAS, I would like to congratulate Mubadala Petroleum and their partners on achieving this key milestone, as the Pegaga field is well-positioned to significantly contribute

21 March 2018  Mubadala Petroleum and its partners PETRONAS Carigali Sdn Bhd (PETRONAS Carigali) and Sarawak Shell Berhad have reached the Final Investment Decision for the Pegaga gas field development in Block SK 320, offshore Malaysia. The project will now proceed to the construction and installation stage.  Mubadala Petroleum is Operator of Block SK 320 with 55 percent interest, PETRONAS Carigali holds 25 percent, and Sarawak Shell Berhad 20 percent interest respectively. Mubadala Petroleum and its partners are expected to invest in excess of USD 1 billion into the development with first gas expected by third quarter of 2021.  Dr Bakheet Al Katheeri, CEO of Mubadala Petroleum, commented: “The Pegaga gas project is Mubadala Petroleum’s first development in Malaysia and represents an important milestone for us to have brought Pegaga from discovery to the point of sanction with the support from PETRONAS and our partners. Our efforts will now be directed to working closely wit

September 22, 2022 TechnipFMC (NYSE: FTI) has been awarded a significant(1) engineering, procurement, construction and installation (EPCI) contract by Shell plc (FTSE: SHEL) (AMS: SHELL) (NYSE: SHEL) for the Jackdaw development , located in the United Kingdom North Sea. The contract covers pipelay for a 30 kilometer tieback from the new Jackdaw platform to Shell’s Shearwater platform, as well as an associated riser, spoolpieces, subsea structures, and umbilicals. The tieback will use pipe-in-pipe technology, which is designed for high pressure, high temperature use. Jonathan Landes, President, Subsea at TechnipFMC, commented, “We’re excited to embark on this significant project together in the UK North Sea. Our strong technical record and our ability to design, engineer, construct and install were key to our success in winning this award.”

August 2, 2022 Aker Solutions has been awarded a contract1 from Shell UK for the delivery of a not permanently attended installation (NPAI) for the Jackdaw gas field . Located east of Aberdeen in the North Sea, the field at peak production rates, could represent over 6% of projected UK North Sea gas production in the middle of this decade. The award follows completion of front-end engineering and design work (FEED), awarded in June 2019. The scope includes engineering, procurement, construction, and installation (EPCI) of the complete wellhead platform, consisting of a topside and a steel jacket, as well as related load-out and offshore hook-up and commissioning. Fabrication of the wellhead platform will happen at Aker Solutions’ yard in Verdal, Norway, and at its peak the project will employ over 300 people. The steel substructure including a pre-drilling deck is to be delivered from Aker Solutions’ facilities to Shell in 2023, and the topside in 2024. In the project, Aker Solutions w

25 JUL 2022 BG International Limited, an affiliate of Shell U.K. Limited, has taken the final investment decision (FID) to develop the Jackdaw gas field in the UK North Sea, following regulatory approval earlier this year. Jackdaw will comprise a wellhead platform that is not permanently attended, along with subsea infrastructure which will tie back to Shell’s existing Shearwater gas hub. The project is expected to come online in the mid-2020s, and at peak production rates, could represent over 6% of projected UK North Sea gas production in the middle of this decade, with operational emissions of less than 1% of the whole UK basin. That is enough energy to heat 1.4 million homes. “We are committed to providing our customers with secure and stable supplies of energy, and to do so responsibly, efficiently and economically,” said Shell Upstream Director, Zoe Yujnovich. “Investments like Jackdaw are consistent with the UK’s North Sea Transition Deal and Shell’s Powering Progress strategy,

Noble Energy Mediterranean Ltd., the Partnership is pleased to announce that today, December 31, 2019, piping of natural gas from the Leviathan reservoir was commenced, for the supply thereof to customers with which the Leviathan partners have engaged, in accordance with agreements for the supply of natural gas from the reservoir that were signed therewith. The capacity of natural gas flow from the Leviathan reservoir is expected to ramp up gradually and accordingly, in the coming days, natural gas supply from the reservoir to Egypt will also commence.

July 20, 2020 Chevron Corporation (NYSE: CVX) announced today that it has entered into a definitive agreement with Noble Energy, Inc. (NASDAQ: NBL) to acquire all of the outstanding shares of Noble Energy in an all-stock transaction valued at $5 billion, or $10.38 per share. Based on Chevron’s closing price on July 17, 2020 and under the terms of the agreement, Noble Energy shareholders will receive 0.1191 shares of Chevron for each Noble Energy share. The total enterprise value, including debt, of the transaction is $13 billion.  The acquisition of Noble Energy provides Chevron with low-cost, proved reserves and attractive undeveloped resources that will enhance an already advantaged upstream portfolio. Noble Energy brings low-capital, cash generating offshore assets in Israel, strengthening Chevron’s position in the Eastern Mediterranean. Noble Energy also enhances Chevron’s leading U.S. unconventional position with de-risked acreage in the DJ Basin and 92,000 largely contiguous an

07 February 2023 Allseas will return to the East Mediterranean in the third quarter of 2024 to execute the installation scope for phase one of the Tamar expansion project . Solitaire and Oceanic will carry out the work comprising approximately 150 kilometres of 20-inch pipeline from the Tamar field to the Tamar platform and a mix of small and large subsea structures in water depths ranging from 240 to 1660 metres. Discovered in 2009, development of the Tamar gas reservoir was fast-tracked to meet local demand for natural gas. Allseas played a key role in the original development, installing over 350 kilometres of pipeline between 2010 and 2011 for then operator Noble Energy Mediterranean Ltd. Allseas’ scope also covers the design, fabrication and installation of two PLETs, four jumpers and 19 crossing structures, installation of umbilicals and pre-commissioning the pipeline system (flooding, gauging, testing, dewatering and nitrogen purging).

 21 NOVEMBER 2022 The N05-A project is part of the so-called GEMS area, an area approximately 20 to 80 kilometers north of the Ems estuary. The N05-A platform will run entirely on renewable energy from the nearby Riffgat Offshore Wind Farm, which reduces the emissions to near zero. This project makes an active contribution to the energy transition and to achieving the EU goals of the Climate Agreement, in a safe and responsible manner. Natural gas production facilities linked to Offshore Wind Farms is a sustainable solution in the energy mix. Locally produced natural gas has a 30% lower carbon footprint than imported natural gas, it increases the security of local supply of energy and contributes to the local economy. HSM is fully committed to the energy transition via its EPCI activities in Offshore Wind and Hydrogen, however the transition to 100% renewable energy takes time and therefore we are proud to support ONE-Dyas with our Oil & Gas heritage. HSM has started the fabrica

19 January 2023 Allseas will play a key role in the largest Dutch investment in a natural gas development in the last 15 years. Dutch energy operator ONE-Dyas has opted for Dutch offshore engineering expertise to realise the N05A development in the Dutch North Sea. With a promise to deliver affordable gas from the field to homes and business by autumn 2024, the ambitious project calls for our pipelay expertise to meet the tight timeframe. Contributing to cleaner energy Natural gas is one of the mainstays of global energy and a critical component in a stable transition from fossil fuels to cleaner energy, reducing CO2 emissions and improving air quality. And with more than 35 years’ experience installing pipelines for transportation of natural gas, our track record is second to none. We have constructed more than 7000 kilometres of pipeline in the North Sea alone! Our first vessel, Lorelay, will execute the pipeline installation and burial scope – 36 years after her North Sea debut. In

18 January 2023  For the development of gas field N05-A in the North Sea, ONE-Dyas has signed extensive contracts with, among others, Allseas, Heerema Marine Contractors and HSM Offshore Energy. This marks an important next step in ensuring security of supply of natural gas, the energy transition and the Dutch (knowledge) economy. After the Dutch government issued the final permits in June 2022, ONE-Dyas together with partners EBN and Hansa Hydrocarbons made a final investment decision for the development of the N05-A gas field in the Dutch and German North Sea in September 2022. This decision involves an investment of over €500 million; the largest Dutch investment in a natural gas development in the past 15 years. Acceleration of North Sea gas With this development, ONE-Dyas is actively contributing to increasing the Dutch energy supply and significantly reducing CO2 emissions compared to import gas. The development of this gas field stands for safe and responsible domestic natural

November 30th 2021 The document has been signed by Nail Maganov, General Director of PJSC TATNEFT, and Alik Aidarbayev, Management Board Chairman of JSC NC KazMunayGas, to build the Kazakhstan Butadiene Project The plans provide that the production will be launched in 2026 at the territory of the SEZ "National Industrial Petrochemical Technopark" (Free Economic Zone) in the Atyrau region of the Republic of Kazakhstan. There will be about 2,000 jobs created at the site of the new production facility at the construction period stage, and more than 700 job positions at the stage of the facility’s operation. The planned capacity of the enterprise will reach up to 180 thousand tonnes of butadiene and butadiene rubbers per year. The shares of KazMunayGas and TATNEFT in the project will amount to 25 percent and 75 percent, respectively. The preliminary cost of the project is estimated at about 1 billion US dollars, and the parties are considering options for financing the project, i

2019.02.22 Daelim signed on Feb. 22 a USD 132 million (KRW 146 billion) contract to build the ULSADO Oil Refinery ordered by PETRON Malaysia, a local subsidiary of PETRON as the Philippines’ largest oil refining company. The contract signing ceremony was held at Port Dickson Oil Refinery operated by the client. Daelim Plant Division Director Yu Jae-ho and PETRON Malaysia CEO Lubin Nepomuceno and other employees from both companies attended the ceremony. This project involves building a new diesel treatment facility in the existing oil refinery in the Port Dickson area 60km southeast of Malaysia’s capital Kuala Lumpur. The facility will produce 35,000 barrels of eco-friendly diesel fuel a day. Plant construction kicked off in August last year, and it is slated to be completed in the second half of 2020. Daelim will carry out the project using a turnkey basis system, taking charge from design to equipment procurement and construction. In 2015, Daelim successfully completed the Philippi

2021.04.08  Malaysia’s PETRON ULSADO Project commenced its commercial operations on April 8, and it is producing on-spec Euro-5 diesel. Euro-5 diesel is more eco-friendly, discharging less sulfur oxides when used for internal combustion engines compared to the Euro-2 diesel. The Euro-5 diesel produced at 21:00 on April 8 from the ULSADO Project is high-quality diesel (standard product sulfur content - 2ppm) meeting the on-spec (less than the standard sulfur content - 10ppm). The ULSADO Project involves building Euro-5 diesel production facilities in the Port Dickson Refinery , 100km southeast from Kuala Lumpur. It consists of the DHT unit, which is a desulfurizing process, by adding high-temperature, high-pressure hydrogen using the Euro-2 diesel made from the existing process and the BSR and SWS units processing H2S gas and sour water as byproducts.

Aramco is making its biggest ever investment in South Korea to develop one of the world’s largest refinery-integrated petrochemical steam crackers through its S-OIL affiliate, in line with the company’s strategy to maximize the crude to chemicals value chain. The $7 billion Shaheen project aims to convert crude oil into petrochemical feedstock and would represent the first commercialization of Aramco and Lummus Technology’s TC2C thermal crude to chemicals technology, which increases chemical yield and reduces operating costs. It follows an earlier $4 billion investment into the first phase of the petrochemical expansion completed in 2018. Located at S-Oil’s existing site in Ulsan, the new plant is planned to have the capacity to produce up to 3.2 million tons of petrochemicals annually and include a facility to produce high-value polymers. The project is expected to start in 2023 and be completed by 2026. The steam cracker is expected to process by-products from crude processing, incl