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Saipem and Siemens have signed a joint development agreement aimed at qualifying and promoting an open standard subsea control systems for Saipem’s Subsea Bus architecture based on Siemens Subsea DigiGrid, according to a news release.
The company expects its earnings per share to be in low-single digits in the quarter ending March, CEO David Lesar said on a conference call on March 24.
TransCanada received approval for the 1,179-mile cross-border pipeline application by the U.S. State Department, ending a years-long battle.
Brazil's state-controlled Petrobras missed fourth-quarter profit estimates on March 21 after revenue came in well below expectations, Reuters reported.
The deal offers Mozambique the chance to transform itself from one of the world's poorest countries into a global LNG exporter, Reuters reported.
The facility features a 1,600-sq m (17,222-sq ft) indoor test area capable of simultaneously testing three subsea trees and 4,000 sq m (43,056 sq ft) of indoor and outdoor storage.
Subsea cables and umbilicals supplier JDR has teamed up with Proserv Instrumentation Nigeria Ltd. to offer combined subsea solutions and local content support for the West African market, according to a news release.
EnQuest is targeting unit operating costs in the low $20s per barrel (bbl) once Kraken is onstream. It brought costs down 17% in 2016 to $24.60/bbl, Reuters reported.
Eni, the biggest foreign investor in oil and gas in Algeria, held a board meeting at the Bir Rebaa North (BRN) oil field in southeast Algeria on March 17, which it said was a way of showing its commitment to its partnership with Sonatrach.
The French oil major looks to strengthen its portfolio with the Iara and Lapa fields.
Norway's oil and energy ministry must approve the new ownership structure and set gas transportation tariffs that will ultimately impact the profitability of the pipelines and processing system, Reuters reported.
The company said proceeds would support investments in drilling, exploration and appraisal programs offshore Ghana, and more will be invested in Kenya, other parts of Africa and South America, Reuters said.