A Barrel Fulll Archive

Jul. 2, 2026 MODEC, Inc. (MODEC) announces a significant milestone in the construction of its latest Floating Production Storage and Offloading (FPSO) vessel with the successful completion of the forward hull section at Sumitomo Heavy Industries, Ltd.’s (SHI-ME) Yokosuka shipyard in Japan. The completed forward hull section has departed Japan and is en route to China, where it will be integrated with the aft hull section currently under construction before the full hull progresses to the next phase. The multi-yard construction model enables parallel fabrication, optimizes yard capacity and enhances project execution while maintaining the highest standards of quality and safety. “This milestone is more than the completion of a major hull section. It demonstrates how innovation and collaboration are shaping the future of FPSO delivery. By partnering with SHI-ME on FPSO hull construction for the first time and adopting a multi-yard construction model, we are pioneering a new approach to h...

Aug. 24, 2026 MODEC, Inc. ("MODEC") today announced the safe arrival of the Floating Production, Storage and Offloading vessel – F PSO Errea Wittu – in Guyana. Developed for ExxonMobil Guyana, the FPSO will integrate the development of the Snoek, Mako and Uaru resources in the Stabroek block. Upon arrival, the FPSO will undergo final offshore preparations and commissioning ahead of first oil. MODEC is working closely with its client and local stakeholders to ensure the safe, efficient integration of the vessel into Guyana’s offshore operations while supporting long-term value creation for the country and the wider region. “The arrival of FPSO Errea Wittu in Guyana is a significant milestone for MODEC, our client, ExxonMobil Guyana, and our partners,” said Soichi Ide, Head of MODEC’s Floating Production Solutions Business Unit. “This achievement underscores our one-team approach, commitment to excellence, and deep technical expertise developed over decades of offshore operati...

1 June 2021 PETRONAS Carigali Sdn Bhd (PCSB) has awarded the Engineering, Procurement, Construction, Installation and Commissioning contract for subsea production system, Umbilical, Riser and Flowline (SURF) for its Limbayong Deepwater Development Project to FMC Wellhead Equipment Sdn Bhd, a subsidiary of TechnipFMC. A virtual signing ceremony was held today to commemorate the award of the contract. PETRONAS was represented by its Executive Vice President and Chief Executive Officer of Upstream Adif Zulkifli, Senior Vice President of Malaysia Petroleum Management Mohamed Firouz Asnan, Vice President of Malaysia Assets Bacho Pilong, Vice President of Group Procurement Freida Amat, and Senior General Manager of Procurement Project, Operations & International Noor Mohamad Taj Mohammed. TechnipFMC was represented by its Chairman and Chief Executive Officer Doug Pferdehirt, President of Subsea Business Jonathan Landes, Vice President Subsea Project & Asia Pacific Christophe Dieumega...

Sept. 2, 2025  Honeywell (NASDAQ: HON) today announced that its modular liquefied natural gas (LNG) pretreatment technology and Integrated Control and Safety Systems (ICSS) will be adopted at AMIGO LNG S.A. de C.V.’s export terminal in Guaymas, Sonora, Mexico. The project, a joint venture of Texas-based Epcilon LNG LLC and Singapore-based LNG Alliance Pte Ltd., aims to optimize production and advance energy development in the region to support global energy security and emission reduction efforts. Honeywell’s modular pretreatment technology will help ensure LNG exported from the new facility meets industry standards and specifications, while enabling faster installation and easier expansion. By removing impurities from natural gas prior to the liquefaction process, Honeywell’s technology helps extend equipment lifespan and prevent unexpected downtime, enhancing operational efficiency and reliability. The modular offering also helps reduce construction-related risks and increases s...

April 29, 2026 Lantern LNG Holding Company, LLC ( Lantern LNG ), a development company focused on building innovative nearshore LNG liquefaction facilities on fixed platforms, today announced its intention to use Honeywell as the end-to-end liquefied natural gas (LNG) technology and automation solutions provider for its planned offshore LNG development located off the coast of Texas in Matagorda Bay. Lantern LNG plans to use Honeywell’s full-service LNG technology portfolio, including natural gas pre-treatment, advanced liquefaction and coil-wound heat exchangers, coupled with Honeywell’s automation and digital solutions. Honeywell’s end-to-end process technology and digital solutions can enable efficient overall process optimization with single point accountability, and can integrate real-time data across assets, personnel and processes to boost productivity, reduce risk and drive growth through actionable insights. “Honeywell’s end-to-end approach gives us certainty on design, execut...

Feb 26 2026 The State Oil Company of the Azerbaijani Republic (SOCAR) plans to participate in the project to increase the productivity of the Bukhara Oil Refinery , the state company Uzbekneftegaz said. "The chairman of the board of directors of Uzbekneftegaz, Abdugani Sanginov, received the management of SOCAR's subsidiaries - SOCAR Trading (the trading subsidiary) and SOCAR Downstream Management (the subsidiary for oil refining). The negotiations were attended by N. Aliyev, the director of global government relations at SOCAR Trading, and G. Mikailov, advisor to the general director of SOCAR Downstream Management," Uzbekneftegaz said. The parties noted that the strategic partnership between Uzbekistan and Azerbaijan has been developing steadily in recent years. It was emphasized that the high-level political dialogue forms the basis for further expanding cooperation in the oil and gas sector. "Representatives of SOCAR expressed interest in developing cooperation wi...

22 August 2022 Eni announces a significant gas discovery in the Cronos-1 well drilled in Block 6, 160 km off Cyprus coastline, in 2,287 metres of water depth. The Block is operated by Eni Cyprus holding 50% interest with TotalEnergies as partner. Preliminary estimates indicate about 2.5 TCF of gas in place, with significant additional upside that will be investigated by a further exploration well in the area. The well has encountered an important gas column in a carbonate reservoir sequence of fair to excellent properties. The intense data acquisition campaign has shown an overall net pay of more than 260m with intervals owning excellent permeability. Studies on a fast-track development options are already ongoing. Cronos-1 well is the fourth exploration well drilled by Eni Cyprus and the second well in Block 6, following the gas discovery of Calypso-1 in 2018. The gas discovery of Cronos-1 can unlock additional potential in the area and is part of Eni’s successful effort to provide f...

Eni has reached the Final Investment Decision (FID) to develop Cronos project , in deep waters offshore Cyprus, with the target to bring the first Cypriot gas to market in 2028. The project, operated by Eni, will bring to production the gas volumes from Cronos field, in Block 6, which holds more than 3 Tcf of gas initially in place (GIIP). Production is expected to reach a plateau of 500 mmscf/d; gas will be transported and processed in existing Zohr facilities, in Egypt, then transferred and liquefied in Damietta LNG plant for export as LNG to international markets, primarily Europe. Eni CEO Claudio Descalzi commented: “Cronos fast-track initiative marks a concrete milestone in positioning Cyprus as a European gas producer and exporter and it unlocks the establishment of a regional gas hub in the Eastern Mediterranean by leveraging Egypt’s existing hydrocarbon infrastructure. It is furthermore an example of international cooperation and a concrete contribution to the diversification a...

2 September 2026 In the presence of the Acting President of the Bolivarian Republic of Venezuela, Delcy Rodríguez, during the visit to Venezuela by U.S. Secretary of Energy Chris Wright, and in the presence of the Venezuelan Minister of Hydrocarbons, Paula Henao, the Chief Executive Officer of the state-owned company PDVSA, Héctor Obregón, and Eni Chief Executive Officer Claudio Descalzi, Eni and PDVSA signed the “Contrato de Participación Productiva de Hidrocarburos” (CPPH) relating to the development of the Junín 5 giant oil field , located onshore in the Orinoco Belt. The signing of the CPPH marks the completion of the process launched with the signing of the Head of Terms on 28 April 2026, with the aim of reviving oil production through the transition from the current operating model of the Petrojunínjoint venture (Eni 40%, PDVSA 60%) to the new contractual regime established under the CPPH, introduced by the Organic Hydrocarbons Law approved by the Venezuelan National Assembly in ...