This content is only available within our institutional offering.

13 Oct 2023
OFS weekly news wrap
Saipem (SPM:BIT), 0 | Saipem S.p.A. (SPM:MIL), 0 | Vallourec (VK:EPA), 0 | Vallourec SA (VK:PAR), 0 | CGG (CGG:EPA), 0 | Viridien (VIRI:PAR), 0 | SBM Offshore NV (SBMO:AMS), 0 | TechnipFMC PLC (FTI:NYSE), 0 | TechnipFMC plc (FTI:NYS), 0 | SUBSEA 7 (SUBC:STO), 0 | Subsea 7 S.A. (SUBC:OSL), 0 | Petrofac Limited (PFC:LON), 3.8 | Gaztransport & Technigaz (GTT:EPA), 0 | Gaztransport & Technigaz SA (GTT:PAR), 0 | AKER SOLUTIONS (AKSO:STO), 0 | Aker Solutions ASA (AKSO:OSL), 0 | Technip Energies NV (TE:PAR), 0

Sign in
This content is only available to commercial clients. Sign in if you have access or contact support@research-tree.com to set up a commercial account
This content is only available to commercial clients. Sign in if you have access or contact support@research-tree.com to set up a commercial account
OFS weekly news wrap
Saipem (SPM:BIT), 0 | Saipem S.p.A. (SPM:MIL), 0 | Vallourec (VK:EPA), 0 | Vallourec SA (VK:PAR), 0 | CGG (CGG:EPA), 0 | Viridien (VIRI:PAR), 0 | SBM Offshore NV (SBMO:AMS), 0 | TechnipFMC PLC (FTI:NYSE), 0 | TechnipFMC plc (FTI:NYS), 0 | SUBSEA 7 (SUBC:STO), 0 | Subsea 7 S.A. (SUBC:OSL), 0 | Petrofac Limited (PFC:LON), 3.8 | Gaztransport & Technigaz (GTT:EPA), 0 | Gaztransport & Technigaz SA (GTT:PAR), 0 | AKER SOLUTIONS (AKSO:STO), 0 | Aker Solutions ASA (AKSO:OSL), 0 | Technip Energies NV (TE:PAR), 0
- Published:
13 Oct 2023 -
Author:
Thomson Daniel DT -
Pages:
6 -
Project news updates
Oil and gas project news flow this week is dominated by the LATAM and Middle East regions. In Guyana, SBM Offshore announced an exclusive FEED award for the Whiptail FPSO. In Brazil, Petrobras has floated a new subsea equipment tender worth up to $400m with bids due in January, while it has pushed back bidding deadlines on the Sergipe Alagoas project to next year. Aramco has reportedly accepted bids from Saipem and NPCC for a new c$1bn oil terminal project, while QatarEnergy has sought interest for three key EPC packages related to the expansion of its Bul Hanine offshore oilfield. Meanwhile, Adnoc has cancelled a tendering process for CO2 recovery to further optimise the project. In LNG project news, Eni and partners are reportedly planning to take FID on the Coral Norte FLNG project before June next year and TotalEnergies may place EPC awards for Papua LNG in early 2024. Elsewhere, the first ever order by a Chinese shipowner for LNG-fuelled propulsion for its container ships was placed, with GTT to design the fuel tanks.
Key green hydrogen regulation officially agreed in the EU, US hub winners to be announced
This week saw the European Council sign off on the new Renewable Energy Directive (RED). The regulation mandates ambitious targets for green hydrogen uptake in industry and transport expected to accelerate demand for the fuel. Meanwhile in the US, Joe Biden is expected to announce the winners of the government''s $7bn Hydrogen Hubs program later today, expected to trigger a wave of investment decisions on hydrogen clusters of production projects and demand centres across six to ten winners. We wrote about the opportunities and challenges facing green H2 electrolyser manufacturers in a report published this week: GTT: Taking the shine off Green Hydrogen growth
Chart of the week - increasing divergence in 2024 oil market outlooks between IEA and OPEC
We highlight the increasing divergence between 2024 oil market...