Business & Finance
Aquaterra gets subsea riser order from Azerbaijan
Aquaterra Energy has won a high-pressure high temperature (HPHT) subsea riser contract with oil and gas operator Umid Babek Operating Company (UBOC) for the exploration of its HP well on the Babek project in Azerbaijan. Aquaterra Energy will deliver its 15,000 psi subsea riser system, using the AQC-
BP selling its stake in oil-producing fields off Australia to Jadestone
Jadestone has inked a deal inked with BP to acquire a stake in oil-producing fields, which are part of a Woodside-operated project.
Yara, Pilbara Ports Authority to assess ammonia as shipping fuel in WA
Yara Clean Ammonia (YCA), a global unit of Norwegian fertilizer company Yara International ASA, and Pilbara Ports Authority (PPA) have signed a collaboration agreement to jointly facilitate the uptake of clean ammonia as a marine fuel in the Pilbara region in Western Australia. The collaboration rep
Huge profits for Shell due to high oil and gas prices
Shell achieved record profits in the second quarter of the year on the back of higher oil and gas prices and refining margins.
New firm joins MMA Offshore
MMA Offshore has completed the acquisition of Subcon International, a Perth-headquartered provider of stabilization, coastal erosion and engineered reef solutions to the oil and gas, offshore wind and coastal infrastructure sectors. Integration of Subcon International will commence immediately, with
Oceaneering ROVs to support Petrobras’ projects
Oceaneering’s Subsea Robotics segment has secured a multi-year ROV service contract to support Petrobras’ projects off the coast of Brazil. Oceaneering will provide survey and ROV services for AKOFS Offshore’s subsea equipment support vessel (SESV) Aker Wayfarer. The scope of work includes the provi
BP reserves FPSO for 10-well project in Angola
BP has reserved an FPSO vessel from Yinson for the development of PAJ Project in Block 31, offshore Angola.
Eni and partners to invest in Angola’s first non-associated gas project
Italy’s Eni has sanctioned the Quiluma and Maboqueiro gas project, the first non-associated gas project in Angola.
Subsea 7 and Van Oord join Guyana’s gas-to-energy project
A consortium of Subsea 7 and Van Oord has won a contract by ExxonMobil affiliate Esso Exploration and Production Guyana Limited (EEPGL) related to the pipeline for the gas-to-energy project offshore Guyana. The scope under the “substantial” contract, as the companies define it, covers the project ma
Tekmar bags cable protection contract in China
Tekmar Group has secured a contract to supply 100 cable protection systems (CPS) for use on multiple offshore wind farms in China’s Shangdong and Guangdong provinces. The contract value is GBP 1.6 million (approximately EUR 1.9 million) and the systems are expected to be delivered through 2022, Tekm
James Fisher and NMDC form global partnership
James Fisher and Sons (James Fisher) and Abu Dhabi-based National Marine Dredging Company (NMDC) Group have signed a Memorandum of Understanding (MoU) to collaborate on key projects and opportunities in the oil and gas sector as well as decommissioning, offshore wind, and marine civil construction i
Extension of UK’s National HVDC Centre officially opens
The extension of SSEN Transmission’s simulation, testing and training centre for high-voltage direct current (HVDC) systems in Cumbernauld has officially opened. Established in 2017, the National HVDC Centre is the first facility of its kind in the UK and uses innovative technology to test the use o
ExxonMobil makes two more discoveries offshore Guyana as Liza FPSOs hit design capacity
ExxonMobil has made two new discoveries offshore Guyana to the southeast of the Liza and Payara developments in the operated Stabroek block.
Equinor’s profit spikes on high output and prices
Norwegian energy giant Equinor has seen a significant increase in its quarterly profit driven by high production and energy prices.