Business & Finance
Two Norwegian Sea wells on Equinor’s drilling agenda for November
Equinor has secured a drilling permit from the country’s authorities for two wells located in the Norwegian Sea.
The largest single UK decom job to date goes to Pioneering Spirit
Allseas has been awarded a major decommissioning contract by TAQA UK for the removal and disposal of multiple Northern North Sea facilities.
Study uncovers four potential electrification paths for oil & gas assets
A study, undertaken to assess potential routes for electrification of oil and gas platforms, has found four options to make this happen.
Oceaneering enters deal to advance inspection solutions
Oceaneering has formed a collaboration agreement with German firm InnetiQs to explore and develop advanced inspection solutions for the offshore and onshore energy markets. The agreement combines IQ’s inspection technologies for subsea pipelines, risers, and structural assets with Oceaneering’s glob
Valaris to bag nearly $150 million from new contract awards
Offshore drilling contractor Valaris has revealed new contracts and contract extension awards, with an associated backlog of $149 million.
EEL Energy closes fundraiser with new investors on board
French pioneer of membrane-based tidal energy converters EEL Energy has closed an equity round, securing existing shareholders’ support and brining new international investors to the company.
Noble-Maersk merger gets clearance from UK regulator
UK’s competition regulator has now completed its review of the business combination between Noble Corp. and Maersk Drilling.
New CEO takes over the rains at Repsol Sinopec
Repsol Sinopec Resources UK has appointed a new Chief Executive Officer (CEO) as its previous one is relocating to Spain.
Two new rig deals in Australia and Gulf of Mexico
Diamond Offshore Drilling has announced new contracts for one of its own semi-submersible rigs and for a drillship managed for Aquadrill.
Fugro to work on first Mediterranean floating offshore wind project
Fugro has won a contract with Renexia to carry out surveys at the 2.8 GW Med Wind project, the first floating offshore wind project in the Mediterranean. Fugro will perform marine geophysical and environmental surveys to acquire comprehensive geo-data at the proposed wind farm location in water dept
Seadrill to sell seven jack-up rigs for $628 million
Seadrill has entered into a binding share purchase agreement with ADES to sell the legal entities that own and operate seven jack-ups in Saudi Arabia.
Scana company to deliver marine risers for Odfjell’s West Africa ops
Scana-owned PSW Technology has signed an agreement with Odfjell Drilling for the delivery of marine risers to operations in West Africa. The agreement covers the rental of a complete riser package for a period of a minimum of 18 months. The risers will be used in Odfjell’s upcoming operations in Wes
Two gas projects off China come on stream ahead of schedule
China’s oil and gas player CNOOC Limited has kicked off production from two gas development projects located in the South China Sea.
TGS buys ION’s multi-client and processing business
TGS has completed the transaction to acquire the multi-client and processing business of ION Geophysical Corporation, referred to as the E&P Technology and Services (EPTS) business. The acquisition includes all of ION’s global offshore multi-client data library, data processing and imaging capabilit