project

Oil & Gas

Gazprom to half capacity of TurkStream gas pipeline project

06/10/2015

Russian oil producer Gazprom has almost halved the planned capacity of its TurkStream gas pipeline project, according to the company’s chief exec. The expected capacity has been reduced from 63billion cubic metres (bcm) to 32bcm. Chief executive Alexei Miller said Gazprom now plans to supply a smaller amount because it also wants to expand the Nord Stream gas pipeline which runs on the bed of the Baltic Sea to Germany.

Oil & Gas

Chevron starts flows from Gulf of Mexico deepwater project

02/12/2014

Oil major Chevron has begun production from its Jack and St Malo deepwater project in the Gulf of Mexico. The company said the delivery is a key part of its upstream work with plans to reach 3.1 million barrels per day by 2017. The fields are among the largest in the Gulf of Mexico and were discovered in 2004 and 2003.

Market info

Maersk hires DNV GL for Culzean work

20/11/2014

Maersk Oil and Gas has hired DNV GL in a multi-million service contract deal for its Culzean project in the UK North Sea. The scope of contract includes Independent Competent Person (ICP) verification, Independent Verification Body (IVB) and Pressure Equipment Directive (PED) work. The team will be managed from a single point in the UK and DNV GL said it will use additional resources and expertise from Maersk’s team in Denmark to deliver the work.

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