Connection

popular articles

Varta: Sharp fall in share price after debt restructuring
SSE unveils £22 billion investment plan for strategic energy infrastructure
Record Investments in Fusion Energy: $7 Billion in 2024
Afghanistan: Work begins on the TAPI gas pipeline between Central and South Asia
California Hydrogen Pump Prices for Light-duty Vehicles Reach New Highs

McDermott secures a strategic FEED contract with Repsol in Mexico

McDermott secures a strategic FEED contract with Repsol in Mexico

Please share:

McDermott International, an engineering company specializing in offshore projects, has recently been awarded a front-end engineering design (FEED) contract by Repsol Exploración México S.A. for the development of the Polok and Chinwol fields, located in the Gulf of Mexico.

A multifaceted project

This project encompasses several key phases related to engineering, procurement management, construction, and installation (EPCI) of underwater infrastructure. These include subsea pipeline systems, umbilicals, risers, and flowlines, collectively referred to as SURF.

Recognized expertise for offshore challenges

Under this contract, McDermott will leverage its extensive expertise in subsea engineering. The company has integrated in-house capabilities to manage all phases of EPCI projects. According to Mahesh Swaminathan, McDermott’s Senior Vice President of Floating and Subsea Facilities, the company is committed to delivering innovative solutions while optimizing costs and adhering to high standards of safety and quality.

A strategic partnership with Repsol

Repsol, a company renowned for its operations in oil exploration and production, views this project as a strategic opportunity to further exploit the potential of the Gulf of Mexico, a key region for the offshore industry. McDermott, in turn, reaffirms its position as a leader in delivering high-value offshore engineering solutions.

Register free of charge for uninterrupted access.

Publicite

Latest news

South America will add 160 GW of solar capacity by 2034
The United States will validate 19 gigawatts of battery storage this year
UKAEA and Eni partner for a tritium fuel cycle facility in fusion energy
The price of carbon in Europe falls, a possible upswing intrigues the markets
OPEC+ Gradually Increases Iraqi Oil Production Starting April 2025

Recently published in

OPEC+ Gradually Increases Iraqi Oil Production Starting April 2025

OPEC+ has authorized a gradual increase in Iraq's oil quota starting in April 2025, enabling the country to reach 4.11 million barrels per day by January 2026, amid strategic developments marked by the imminent reopening of the Iraq-Turkey pipeline.
Ecuador demands a $1.5bn deposit for the development of its largest oil field
Ecuadorian president Daniel Noboa has threatened not to sign the development contract for the Sacha oil field unless a $1.5bn deposit is paid within six days by the Sino-Canadian consortium.
en_1140290954540-5
Ecuador demands a $1.5bn deposit for the development of its largest oil field
Ecuadorian president Daniel Noboa has threatened not to sign the development contract for the Sacha oil field unless a $1.5bn deposit is paid within six days by the Sino-Canadian consortium.
en_1140290954540-5
Maduro threatens to halt oil exploration in Essequibo, a disputed area with Guyana
Venezuelan President Nicolas Maduro has warned Guyana and ExxonMobil against any oil exploration in the contested Essequibo region. He stated that Venezuela would take "all necessary measures" to stop these activities.
en_1140290949540-5
Maduro threatens to halt oil exploration in Essequibo, a disputed area with Guyana
Venezuelan President Nicolas Maduro has warned Guyana and ExxonMobil against any oil exploration in the contested Essequibo region. He stated that Venezuela would take "all necessary measures" to stop these activities.
en_1140290949540-5
Petro-Victory and Blue Oak acquire Capixaba Energia to strengthen their presence in Brazil
Petro-Victory Energy Corp. and Blue Oak Investments have reached an agreement to acquire Capixaba Energia LTDA, an integrated onshore production company in Brazil, aimed at expanding their presence in the country's oil and gas sector.
en_1140290952540-5
Petro-Victory and Blue Oak acquire Capixaba Energia to strengthen their presence in Brazil
Petro-Victory Energy Corp. and Blue Oak Investments have reached an agreement to acquire Capixaba Energia LTDA, an integrated onshore production company in Brazil, aimed at expanding their presence in the country's oil and gas sector.
en_1140290952540-5

McDermott completes EPCIC project for Shell in the Gulf of Mexico

McDermott successfully completes EPCIC works for Shell Offshore Inc. in the Gulf of Mexico, enabling the start of oil production from the Whale platform.
Arrest of South Sudan’s Oil Minister Amid Rising Political Tensions
South Sudan's Minister of Petroleum, Puot Kang Chol, was arrested on the night of March 4-5, exacerbating tensions between supporters of President Salva Kiir and those of Vice President Riek Machar.
en_1140290952540-4
Arrest of South Sudan’s Oil Minister Amid Rising Political Tensions
South Sudan's Minister of Petroleum, Puot Kang Chol, was arrested on the night of March 4-5, exacerbating tensions between supporters of President Salva Kiir and those of Vice President Riek Machar.
en_1140290952540-4
Competition between Dangote and NNPC drives down petrol prices in Nigeria
Increased competition between Dangote’s refinery and NNPC has led to a significant reduction in petrol prices in Nigeria, providing economic relief to consumers.
en_1140290945540-4
Competition between Dangote and NNPC drives down petrol prices in Nigeria
Increased competition between Dangote’s refinery and NNPC has led to a significant reduction in petrol prices in Nigeria, providing economic relief to consumers.
en_1140290945540-4
The United States gives Chevron a one-month deadline to wind down operations in Venezuela
Washington has ordered Chevron to cease its operations in Venezuela by April 3, a decision that could have significant implications for the global oil market, according to analysts.
en_1140290948540-4
The United States gives Chevron a one-month deadline to wind down operations in Venezuela
Washington has ordered Chevron to cease its operations in Venezuela by April 3, a decision that could have significant implications for the global oil market, according to analysts.
en_1140290948540-4

Opec+ announces gradual increase in production, causing oil prices to fall

Opec+ has reaffirmed its plan for a gradual increase in oil production starting from April 2025, a decision that has led to a drop in oil prices, particularly Brent. This strategy marks a shift in the cartel’s approach.
Evolution Petroleum acquires non-operated oil and natural gas assets in Texas, New Mexico, and Louisiana
Evolution Petroleum has announced the acquisition of non-operated assets across three US states, representing a net production of 440 barrels of oil equivalent per day, for a purchase price of $9 million.
en_1140290959540-4
Evolution Petroleum acquires non-operated oil and natural gas assets in Texas, New Mexico, and Louisiana
Evolution Petroleum has announced the acquisition of non-operated assets across three US states, representing a net production of 440 barrels of oil equivalent per day, for a purchase price of $9 million.
en_1140290959540-4
The United States to impose tariffs on energy imports from Mexico and Canada
The US government has announced a 10% tariff on oil imports from Canada and a 25% tariff on those from Mexico, effective from March 4. This decision will directly affect the refining sector in the United States.
en_1140290943540-4-2
The United States to impose tariffs on energy imports from Mexico and Canada
The US government has announced a 10% tariff on oil imports from Canada and a 25% tariff on those from Mexico, effective from March 4. This decision will directly affect the refining sector in the United States.
en_1140290943540-4-2
Morocco: Predator Oil begins drilling MOU-5 well in Guercif to assess 6 TCF gas potential
Predator Oil continues its work in Guercif, Morocco, with the drilling of the MOU-5 well. The goal is to assess the estimated 6 TCF reserves as part of the national effort to secure gas supply.
en_1140290961540-2
Morocco: Predator Oil begins drilling MOU-5 well in Guercif to assess 6 TCF gas potential
Predator Oil continues its work in Guercif, Morocco, with the drilling of the MOU-5 well. The goal is to assess the estimated 6 TCF reserves as part of the national effort to secure gas supply.
en_1140290961540-2

VAALCO strengthens its presence in Africa with the acquisition of the CI-705 block in Côte d’Ivoire and increased production in Gabon

VAALCO continues its expansion in West Africa with the acquisition of a 70% stake in the offshore CI-705 block in Côte d'Ivoire and an ambitious plan to double its crude production in Gabon by 2026.
Sino-Canadian consortium awarded operation of Ecuador’s largest oil field
Ecuador has granted a concession for its main oil field, Sacha, to a consortium formed by Sinopec and New Stratus Energy. The contract, to be signed in April, aims for a significant production increase within three years.
en_1140290953540-3
Sino-Canadian consortium awarded operation of Ecuador’s largest oil field
Ecuador has granted a concession for its main oil field, Sacha, to a consortium formed by Sinopec and New Stratus Energy. The contract, to be signed in April, aims for a significant production increase within three years.
en_1140290953540-3
Aramco announces a 12.39% decrease in profits in 2024
The Saudi oil giant Aramco experienced a significant decline in profits in 2024, attributed to falling oil prices, reduced production, and higher operating costs.
en_1140290949540-3
Aramco announces a 12.39% decrease in profits in 2024
The Saudi oil giant Aramco experienced a significant decline in profits in 2024, attributed to falling oil prices, reduced production, and higher operating costs.
en_1140290949540-3
Opec+ production increases lead to a drop in oil prices
Oil prices dropped this Tuesday after Opec+’s decision to maintain its plan of gradual production increases starting in April, despite calls from the US president to reduce energy prices.
en_1140290950540-3
Opec+ production increases lead to a drop in oil prices
Oil prices dropped this Tuesday after Opec+’s decision to maintain its plan of gradual production increases starting in April, despite calls from the US president to reduce energy prices.
en_1140290950540-3

Chevron continues deepwater oil exploration investments in Nigeria

Despite major withdrawals, Chevron remains committed to deepwater exploration in Nigeria, with expansion projects aimed at boosting its offshore production in the coming years.
End of Chevron’s licence in Venezuela: what consequences for the economy and international relations?
The cancellation of Chevron's operating licence in Venezuela, announced by the Trump administration, could exacerbate the country's economic crisis while redefining its relations with the United States. Experts are considering several scenarios regarding the next developments.
en_1140290943540
End of Chevron’s licence in Venezuela: what consequences for the economy and international relations?
The cancellation of Chevron's operating licence in Venezuela, announced by the Trump administration, could exacerbate the country's economic crisis while redefining its relations with the United States. Experts are considering several scenarios regarding the next developments.
en_1140290943540
Pemex records a net loss of $30.3bn in 2024
Mexican state-owned oil company Pemex has reported a net loss of $30.3bn in 2024, following a profit in 2023, due to a decline in sales and an increase in operating costs.
en_1140290945540
Pemex records a net loss of $30.3bn in 2024
Mexican state-owned oil company Pemex has reported a net loss of $30.3bn in 2024, following a profit in 2023, due to a decline in sales and an increase in operating costs.
en_1140290945540
New discoveries at the Mopane field in Namibia bolster the country’s oil ambitions
Namibia has announced new discoveries at the Mopane oil field offshore. This development could accelerate the country's ambitions to become a crude oil producer by 2029.
en_1140290952540-18
New discoveries at the Mopane field in Namibia bolster the country’s oil ambitions
Namibia has announced new discoveries at the Mopane oil field offshore. This development could accelerate the country's ambitions to become a crude oil producer by 2029.
en_1140290952540-18

Trump revokes Chevron’s oil license in Venezuela, a blow to the oil sector

Donald Trump revoked a license granted to Chevron to exploit oil in Venezuela, condemning Caracas for failing to uphold migrant repatriation agreements. This decision could affect Venezuela’s oil industry and trade relations between the two countries.
BP revises its strategy, market expects a return to hydrocarbons
British oil giant BP will present a strategic revision on Wednesday, marked by a shift back to fossil fuels and a reduction in renewable energy investments, following a sharp decline in net profit last year.
en_1140290953540-17
BP revises its strategy, market expects a return to hydrocarbons
British oil giant BP will present a strategic revision on Wednesday, marked by a shift back to fossil fuels and a reduction in renewable energy investments, following a sharp decline in net profit last year.
en_1140290953540-17
Niger exports over 14 million barrels of oil via Benin
Niger has shipped more than 14 million barrels of crude oil through Benin despite diplomatic tensions. The China National Petroleum Corporation manages extraction and holds a significant share of the exported volumes.
en_1140290948540-16
Niger exports over 14 million barrels of oil via Benin
Niger has shipped more than 14 million barrels of crude oil through Benin despite diplomatic tensions. The China National Petroleum Corporation manages extraction and holds a significant share of the exported volumes.
en_1140290948540-16
Strengthening offshore oil regulations in Brazil: challenges for the industry
Brazil, one of the world's leading oil producers, is tightening regulations on offshore exploration and production, impacting the industry and investments. The measures aim to enhance safety and limit environmental impacts.
en_1140290952540-16
Strengthening offshore oil regulations in Brazil: challenges for the industry
Brazil, one of the world's leading oil producers, is tightening regulations on offshore exploration and production, impacting the industry and investments. The measures aim to enhance safety and limit environmental impacts.
en_1140290952540-16

Advertising

LEGAL

FOSSILS

POLICY

RENEWABLE

PLUS

VERVANT

Welcome

Your subscription

Included in this subscription:

COMMUNICATE ON ENERGYNEWS