More than $300 million in contracts for the upstream side of the energy sector goes toward developing offshore Australia, a division of Schlumberger said. Schlumberger subsidiary OneSubsea secured an engineering contract from Australian company Woodside to help develop the Greater Enfield project off the northwest coast of the country. Woodside said breakthroughs in technology slated for Greater Enfield made investing nearly $2 billion during the weak market for oil justifiable. The Australian energy company is targeting a basin that holds up to 69 million barrels of oil equivalent, which will be developed using an offshore floating production, storage and offloading vessel. The investment plan for Enfield came in at the low end of its expectations, which gave the company […]