Business & Finance
New JV set up in Nigeria for work with TotalEnergies and other oil & gas majors
Subsea Micropiles to invest £5 million in expanding manufacturing, offshore ops at Scottish port
Electrical fault triggers oil output deferral and rig intervention plans at Karoon’s Brazilian field
An electrical fault has forced Karoon to throttle back a key well, slashing production outlook and putting a rig-based intervention on the table.
TotalEnergies’ Caspian Sea gas and condensate field expansion is a go
This expansion will boost the overall production to 6 billion cubic meters per annum of gas and 47,000 barrels per day of condensate.
TotalEnergies earmarks annual spend of up to $17 billion over next five years
TotalEnergies aims to keep its oil equivalent production steady at around 3 million barrels per day through 2035.
Noble’s 2013-built drillship scoops up 10-well job in Africa with Tullow Oil
Noble Corporation's 13-year-old drillship has lined up a multi-well assignment off the coast of Ghana.
North Sea appraisal ops up the oil & gas discoveries’ projected size
Three Norwegian oil and gas players – Aker BP, Equinor, and DNO – have carried out appraisal drilling activities on two hydrocarbon discoveries in the North Sea off the coast of Norway, raising the estimated size of these finds.
Vantris Energy rakes in $441.8 million for Petronas and PTTEP offshore works in Malaysia
Offshore engineering specialist Vantris Energy has fortified its financial pipeline after clinching two major transportation and installation (T&I) deals worth a combined RM1.8 billion ($441.8 million) from Petronas Carigali, a subsidiary of Malaysia’s Petronas, and PTTEP HK Offshore and PTTEP Saraw
CNOOC keeping Worley busy on its North Sea assets for five more years
Australia’s engineering firm Worley has picked up a multi-year renewal of its assignment in the North Sea with CNOOC International, a subsidiary of China’s CNOOC, supporting the operator’s offshore operations on the UK Continental Shelf (UKCS).
Fit-out of NeuConnect’s converter stations in progress
Fit-out works are currently underway on the converter stations in Germany and the UK for NeuConnect, a high-voltage submarine cable that will create the first direct energy transmission link between the two countries. The construction of the 24-meter-high, 70-meter-wide converter hall buildings reac
Omega Subsea to mobilize ROV systems on two NKT cable layers
Omega Subsea has secured a five-year agreement with NKT to provide a remotely operated vehicle (ROV) system for the newbuild cable-laying vessel (CLV) NKT Eleonora, following the contract for NKT Victoria reported last June. The agreements are part of a wider investment program as part of which Omeg
Eni broadens its exploration horizons in Southeast Asia with another offshore block
Italian energy giant Eni has expanded its Asian portfolio with the addition of a new exploration license in the prolific Kutei Basin off the coast of Indonesia, Southeast Asia.
LD Armateurs welcomes multipurpose support vessel to its fleet
LD TravOcean, a subsidiary of Louis Dreyfus Armateurs (LD Armateurs) specialized in subsea cable installation and protection, has taken delivery of the DP2 multipurpose support vessel TVO Mariner, previously known as SIDDIS Mariner, following the acquisition announced in April. The 88.3-meter vessel
Inpex beefs up stake in Australian LNG project
Japan’s exploration and production (E&P) company Inpex has moved to solidify its foothold in a liquefied natural gas (LNG) project off the northwest coast of Western Australia (WA), with its Australian subsidiaries taking steps to obtain an additional participating interest by exercising pre-emptive