Business & Finance
Santos boasts record production rate after first oil from Van Gogh phase 2
Santos has produced the first oil from the Van Gogh Phase 2 infill development, located offshore Australia.
EnQuest’s decom plan for Heather topsides gets green light
EnQuest has received approval from the UK authorities for its decommissioning programme for the Heather topsides in the UK North Sea.
Yangzijiang buys stake in Xinfu Yard
Yangzijiang Shipbuilding (Holdings) Ltd., one of the largest private shipbuilders in China has entered into a sale and purchase agreement with Sanfu Shipbuilding Holdings for the purchase of the remaining 20% equity stake in Jiangsu Yangzi Xinfu Shipbuilding Co., Ltd.
Awilco to challenge tribunal decision over UK tax bill
Awilco Drilling has lost an appeal over a £6.8 million tax bill, arising from the termination of a drilling contract for one of its rigs.
Sapura scores new deals worth over $284 million
Malaysia’s Sapura Energy has secured new contracts and extensions in Malaysia and Thailand with a combined value of $284.2 million.
Shell cheers first gas from Trinidad and Tobago project
Shell has started production from Block 5C in the East Coast Marine Area, also known as project Barracuda, located in Trinidad and Tobago.
Borr to add nearly $16 million in revenues with new deal in Mexico
Offshore drilling contractor Borr Drilling has received a letter of award from an international oil company for additional work in Mexico.
Transocean finds work for five drillships and four semi-subs
Transocean has secured new contracts for five drillships and four semi-submersible rigs but also received a termination for one of the rigs.
Woodside shareholders not happy as report links it to BHP oil and gas assets buy
An unsourced media report in The Australian claimed that Australia’s energy major Woodside was negotiating to buy some or all of BHP’s oil and gas assets.
DeepOcean rebooks Solstad’s Normand Jarstein
Solstad Offshore has secured a new contract with DeepOcean for its construction support vessel (CSV) Normand Jarstein. The CSV will support DeepOcean’s inspection, maintenance, and repair (IMR), light construction, offshore renewables and recycling projects. The contract will commence in the first q
Mitsui E&S delivers its last merchant ship as it switches to engineering business
Japanese shipbuilder Mitsui E&S Shipbuilding Co. has completed and delivered the last commercial vessel, a 66,000 dwt bulk carrier.
PGS and CGG enter CO2 storage partnership
PGS and CGG have signed a Memorandum of Understanding (MoU) to combine their seismic multi-client products and technical capabilities applied to the carbon capture utilization and storage (CCUS) sector. The seismic players stated they want to join forces and unlock the value of existing seismic data
Netherlands grants PosHYdon offshore green hydrogen project
The Dutch government has awarded €3.6 million ($4.2 million) to the PosHYdon project, the world’s first offshore green hydrogen pilot on a working platform.
Hess reduces GHG emissions in 2020. New targets set for 2025
U.S. oil and gas company Hess Corporation has outperformed its five-year targets to reduce greenhouse gas emissions and set new targets for 2025.