Business & Finance
CGG to back BP’s digital strategy under new multi-year deal
CGG has signed a major multi-year global data transformation and curation agreement with BP, expected to play a key role in supporting the oil and gas giant’s subsurface digital strategy. According to BP, the agreement will provide a true win-win opportunity to leverage the capability of both compan
MSC, Quadrise to test lower-carbon fuels on commercial containerships
MSC Shipmanagement Limited of Cyprus, a subsidiary of Mediterranean Shipping Company (MSC), has signed a framework agreement with Quadrise, the supplier of MSAR and bioMSAR, to test the use of lower-carbon fuels on one or more containerships.
ADNOC Drilling lands $2 bln in contracts for giant offshore gas development
UAE’s giant ADNOC has awarded two substantial contracts totalling $2 billion to ADNOC Drilling for the Hail and Ghasha development project.
French firm delivers flowlines and risers for King’s Quay FPS
France-headquartered Vallourec has delivered flowlines and steel catenary risers (SCRs) for the King’s Quay floating production unit (FPU) in the Gulf of Mexico, as part of an agreement with Subsea 7. Vallourec’s scope included the delivery of 60 kilometers of 6” and 16” flowlines and SCRs for the t
Fugro on survey duty at Vattenfall’s offshore wind pair
Fugro is set to soon commence a geophysical and geotechnical site survey at Vattenfall’s Norfolk offshore wind projects in the North Sea. Fugro Discovery will be deployed over the survey area starting on or around 1 August, with the activities set to be completed by the end of November. The 70-meter
Drill bit spins at exploration well in North Sea
Oil and gas company Neptune Energy has started drilling the Ofelia exploration well in the Norwegian sector of the North Sea.
BP to use all options for Prosafe unit in Trinidad
Offshore accommodation rig provider Prosafe has secured a contract extension for one of its units with BP in Trinidad and Tobago.
EnQuest prolongs Petrofac’s gig on North Sea platform
EnQuest has awarded a long-term contract extension to Petrofac to continue supporting a platform in the UK North Sea.
ADNOC L&S fleet growing to over 300 vessels
ADNOC L&S, the shipping and maritime logistics arm of ADNOC, has entered into a deal to acquire Zakher Marine International.
Subsea Integration Alliance to deliver boosting system for Gulf of Mexico field
Subsea Integration Alliance partners OneSubsea and Subsea 7 have secured an engineering, procurement, construction and installation (EPCI) contract with Kosmos Energy to deliver an integrated subsea boosting system for the Odd Job field in the Gulf of Mexico. OneSubsea, Schlumberger’s subsea technol
As rig day rates grow, Transocean adds $650 million to backlog
Offshore drilling contractor Transocean has secured new contracts and extensions for its rigs with notable day rate increases.
Shell sanctions Jackdaw gas project in North Sea
Shell has taken the final investment decision to develop the Jackdaw gas field in the UK North Sea, following regulatory approval earlier this year.
Fugro’s revenue strong despite inflationary and supply chain pressures
Fugro has reported a revenue of €833 million for the first half of 2022, an increase of 17.2% compared to the same period last year, driven by growth in all markets, particularly high client demand for renewables services. Utilization of Fugro’s fleet was 67% in the first half-year, versus 69% in th
WATCH: Refurbished storage vessel goes back offshore for 20 more years of production
Equinor’s Njord Bravo storage vessel is now back on the field offshore Norway following years of upgrades.