Galp has started drilling another well in the Orange Basin, where oil discoveries were also made during its first campaign within license PEL 83 off the coast of Namibia.
Luxembourg-based Subsea7 has been awarded a “substantial” contract from Beacon Offshore Energy for a subsea tieback development in the U.S. Gulf of Mexico, with the deal valued between $150 million and $300 million. According to Subsea7, the scope of work encompasses engineering, procurement, constr
