The combined entities will offer advanced milling and swarf handling services to deliver verifiable, emission-free well barriers and predictable alternative zonal isolation solutions to the plugging and abandonment (P&A) industry.
Cloudbreak will act as a financial partner and sit on the joint operating committee giving corporate direction and reviewing technical information.
The project will boost production at the existing Maria field in the Norwegian Continental Shelf. The contract includes subsea trees, spools, jumpers, and flexible pipes.
Hod B in the North Sea will soon come on stream, thanks to an unmanned facility remote-controlled from the Valhall field.
The transaction will contribute to the optimisation of Maersk's fleet in line with the company's strategic priorities.
Production has started from the first two wells at the Roncador increased oil recovery (IOR) project, bringing daily production to approximately 150 000 barrels.
Maersk Training is set to increase headcount across its UK sites as it looks to recruit new instructors due to industry demand.
The full development of Area 1 will include 33 wells connected to three wellhead platforms plus one monopod, in addition to the FPSO.
The contract extension has a duration of one year and is expected to commence in July 2023, in direct continuation of the rig’s current contract.
Eni announces new oil and gas discoveries in Western Desert for approximately 8500 boe per day.
The company's production guidance for the full calendar year 2022 is 7500 - 8600 bpd.
Resources for the entire Cambozola prospect have been estimated at 159 million boe.
Earlier this month, IOG advised that it was pursuing a rapid solution to a mechanical fault on the Blythe topsides, which has has now been temporarily addressed.
Production has begun flowing through the Murphy-operated King’s Quay floating production system.
EnerMech has won two contracts in Azerbaijan since entering a new JV with Oil & Gas Proserv, an affiliated company of Nobel Energy Group.