Business & Finance

TechnipFMC gets EPCI subsea contract with TotalEnergies
TotalEnergies has awarded TechnipFMC with an engineering, procurement, construction and installation (EPCI) contract for its Lapa North East field in the pre-salt Santos Basin offshore Brazil. Under the contract described as “significant”, TechnipFMC will reconfigure and install umbilicals and flexi

AtoB@C Shipping secures €32.2M loan for electric hybrid vessels
AtoB@C Shipping, a Swedish subsidiary of Finland-based shipping company ESL Shipping, has signed a €32.2 million loan agreement with Swedish ship financing provider Svenska Skeppshypotek.

No hydrocarbons for Polish firm in Norwegian Sea well
PGNiG has completed the drilling of a wildcat well in the Norwegian Sea but came up empty as no hydrocarbons were found in this well.

Petrofac lands extension for maintenance services in North Sea
Oilfield services provider Petrofac has secured a three-year contract extension for maintenance services from Serica Energy.

Extra five-well drilling gig for Maersk rig in North Sea
Maersk Drilling has secured five more wells with Petrogas for one of its rigs, which will carry out a drilling campaign off the Netherlands.

Shell CEO to step down at the end of 2022
Oil and gas major Shell plc has announced that Ben van Beurden will step down as CEO at the end of 2022 and that his successor will be Wael Sawan.

Allseas’ Pioneering Spirit taking remaining Tyra jackets to recycling yard – gallery
Allseas is in the process of completing its scope of work in the Tyra redevelopment project by delivering two jackets to a recycling yard.

Shearwater and WesternGeco sign multi-year seismic services agreement
Shearwater GeoServices has signed a multi-year global agreement with WesternGeco for geophysical data acquisition services, as well as secured a new contract offshore Australia. The agreement is said to enable access to Shearwater’s full range of acquisition technologies and global fleet of seismic

New partnership to drive ‘step-change for industrial digitalisation at scale’ for oil & gas sector
Schlumberger has joined forces with Cognite to deliver data-driven solutions for the global energy industry.

Norway gets offers for offshore licences from 26 oil & gas firms amid ‘significant interest’
Norway’s Ministry of Petroleum and Energy has received offers for production licences from 26 companies as part of APA 2022.

Tanjung Offshore scores more work with Petronas
Tanjung Offshore Services, a wholly-owned subsidiary of energy solutions provider T7 Global, has received a letter of award (LOA) from Petronas for the delivery of mini remotely operated vehicle (ROV) services. The award is effective for two years, until 11 August 2024, and will see Tanjung Offshore

TransGlobe shareholders urged to vote for merger with Vaalco
TransGlobe shareholders are being encouraged to vote in favour of the proposed business combination with Vaalco.

Rig equipment failure causes delays for HPHT well in North Sea
UK-based Serica Energy is frustrated after encountering technical issues on its North Eigg exploration well located in the North Sea.

Commercialization deal signed for first-ever wireless underwater ROV
Swiss underwater robotics company Hydromea and Scotland’s remote technology specialist Air Control Entech (ACE) have entered into a service partnership agreement to commercialize what is said to be the world’s first wireless remotely operated underwater vehicle (ROV) for inspections at offshore floa