$54 billion in engineering, procurement and construction contracting opportunities on offshore oil & gas agenda for 2025

(offshore-energy.biz) Despite the challenges hitting the fossil fuel industry, demand for hydrocarbons remains steady, as confirmed by the global engineering, procurement, and construction (EPC) contracting activity across the offshore oil and gas landscape. The batch of new projects, which are expected to reach the EPC stage this year, will lead to awards worth billions of... Continue Reading →

McDermott Secures FEED Contract for Repsol’s Deepwater Fields Off Mexico

(OE) McDermott has been awarded a front-end engineering design (FEED) contract by Repsol Exploración México for the Polok and Chinwol field development project in the Gulf of Mexico. Under the contract scope, McDermott will provide comprehensive FEED services for the project's engineering, procurement, construction, and installation (EPCI) of subsea, umbilicals, risers, and flowlines (SURF). "Our... Continue Reading →

Deepwater Investments Outpacing Shale

By Alex Kimani  (oilprice.com) Over the past two decades, the shale revolution largely pushed aside interest in the exploration and development of offshore hydrocarbons. The combination of hydraulic fracturing and horizontal drilling enabled the United States to significantly increase its production of oil and natural gas from tight oil formations, with the Shale Patch accounting for 36% of... Continue Reading →

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