GE Oil & Gas has chosen ONS week to launch a new Deepwater Vertical Xmas Tree specifically designed to meet the challenges of subsea projects at depths of up to 3,000 meters (9,850 feet), according to Rigzone. 213 more words
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Statoil will make a final investment decision concerning the second development phase of Peregrino field, located off the Brazilian coast.
The company’s project manager Emil Volckmar said that the project could start producing oil by late 2019 / early 2020 if everything goes according to what is planned. 34 more words