Karoon has executed a binding agreement to amend the sale and purchase agreement to acquire a 100 per cent operating interest in the Baúna field located offshore Brazil.
Cairn Energy has entered into an agreement to sell to Russia’s Lukoil its entire 40 per cent interest in the Sangomar development, offshore Senegal.
The U.S. offshore rig count has not changed for the third week in a row now, according to a Friday report by Baker Hughes.
TAQA Bratani has filed its decommissioning programs for the Tern and North Cormorant platform topsides, located in the UK North Sea, to the UK authorities.
Equinor sank to the red in the second quarter of the year as its revenues were halved amid Covid-19 pandemic and low oil prices.
Repsol booked a loss in the second quarter of the year after being forced to re-evaluate its upstream assets due to the effects of the coronavirus pandemic and the low oil price environment.
UK authorities have approved Shell’s decommissioning plan for the Brent Alpha jacket, located in the UK sector of the North Sea.
Neptune Energy has successfully installed subsea oil and gas production flowlines and gas lift flowlines for its Duva & Gjøa P1 developments in the Norwegian sector of the North Sea.
Oil and gas company OKEA has successfully completed a turnaround on its operated Draugen platform located offshore Norway.
Aker BP has received safety consents from the Norwegian offshore safety watchdog to use two rigs for production drilling on two fields offshore Norway.
China’s CNOOC Limited has started production from the Luda 21-2/16-3 regional development in the Bohai Sea.
The U.S. weekly offshore rig count remained unchanged at 12 units for the second week in a row, according to a Friday report by Baker Hughes.
Maersk Drilling has secured an additional one-well contract from Aker BP for the low-emission jack-up rig Maersk Integrator.
The increase in metal mining needed to address the transition to renewable energy is drawing increasing attention and has led to a proposal to identify critical minerals for energy security options and identify sourcing challenges. There is an elemental strain between the need to scale up ocean-base
