Australia’s oil and gas player Beach Energy has dropped its plan to drill and complete a development well or pursue the subsea tie-in to the Otway gas plant, unlocking over $500 million in estimated near term capital to redeploy into higher-return opportunities.
Amplitude Energy (formerly Cooper Energy), an Australian gas production company focused on supplying the Southeast domestic gas market, has set the wheels in motion to take over the operatorship of an offshore gas field in the Otway Basin off the coast of Australia.
Norway’s Reach Subsea has secured a contract with an undisclosed company for inspection, maintenance, repair (IMR) and light construction services in the Black Sea. The two-year contract has been signed with a charterer that is providing remotely operated vehicle (ROV)-based subsea operations, const
Eni CCUS Holding, a strategic partnership between Italy’s energy giant Eni and Global Infrastructure Partners (GIP), a part of BlackRock, has expanded its financing sources to strengthen its carbon capture and storage (CCS) project platform.
Luxembourg-domiciled Subsea7 has picked up a new assignment with Vår Energi, a Norwegian oil and gas operator, for a gas export project in the Barents Sea off the coast of Norway.
UK-headquartered energy giant BP and its U.S.-based partner ExxonMobil have embarked on a quest to boost output at an offshore platform in the Gulf of America (U.S. Gulf of Mexico), thanks to a subsea pump development.
U.S. oilfield services company Weatherford International has been hired on a deepwater integrated completions assignment by Esso Exploration & Production Nigeria Ltd. (EEPNL), an ExxonMobil affiliate, off the coast of Nigeria.
Hong Kong-headquartered Venture Energy, focused on the procurement and trading of clean fuels, has signed a memorandum of understanding (MoU) with CSSC Science & Technology (CSST) and China Shipbuilding Trading Co. (CSTC) that establishes a long-term offtake framework for green methanol supply. Unde
Italy’s energy giant Eni has lined up three new long-term liquefied natural gas (LNG) supply agreements for its gas project duo in Indonesia, Southeast Asia.
Oslo Stock Exchange-listed oil services company Archer is set to acquire isol8, a Scottish well technology company focused on alloy-based barrier solutions and advanced materials for use in well completions, intervention, and plug and abandonment (P&A). The completion of the transaction is expected
The Arab Energy Fund (TAEF), a multilateral impact financial institution, has decided to expand its energy portfolio by investing in MidOcean Energy, a liquefied natural gas (LNG) player formed and managed by the U.S.-headquartered investment company EIG Global Energy Partners (EIG).
Offshore surveys are now underway at the Awel y Môr offshore wind farm in Wales following the project securing a contract for difference (CfD) in the UK’s seventh allocation round (AR7). RWE said the work marks the first package of contracts placed since the CfD award, with contractors Geo and TGS c
French geophysical services company Viridien has begun a multi-client ocean bottom node (OBN) survey in the Central North Sea, spanning the UK and Norwegian sectors. The dense multi-client OBN survey covers 645 km2 in the Frigg area, with the final processed deliverables to be available in the third
Borr Drilling, an offshore drilling player with its corporate base in Bermuda, has secured 13 contracts year-to-date, enhancing its backlog by adding 2,250 days and $274 million in jack-up rig deals.
