The two-year contract extension is for the delivery of integrated specialist asset integrity services for Chrysaor’s Armada, Everest and Lomond offshore production platforms located in the Central North Sea.
Taking place in the rectory of the university in Villahermosa, Mexico, both the university authorities and representatives from Penspen witnessed the signing.
The majority of foreign companies are not making any profit or losing money in their partnerships with PDVSA to develop and produce hydrocarbons.
The award is the sixteenth contract extension and competitive re-tender award to Archer in the last four years for platform drilling operations and maintenance services in the UK, Norway, Greece and Brazil.
This first order for Amarinth from Iraq Gates Contracting Company (IGCC) of US$410 000 is for ten API 610 OH1 condensate transfer pumps with Plan 11 and Plan 52 double seals and seal support systems.
The project is the fourth major start-up for BP in 2018.
The company is adding to its state-of-the-art fleet with the purchase and major refit of a multi-role ship.
The company has signed an agreement with PGNiG to sell its non-operated interests in the Tommeliten discovery on the Norwegian Continental Shelf (NCS) for a total of US$220 million.
As part of the agreement, Noreco will assume all of Shell’s existing commitments and obligations, including the Tyra redevelopment and the decommissioning costs associated with the assets.
The company has announced that it has entered into a transaction with Hokchi Energy, a subsidiary of Pan American Energy LLC, to cross assign the Company's Participating Interest in Block 2 and Hokchi's PI in Block 31, both in the Sureste Basin offshore Mexico.
As demand increases James Fisher is continuing to invest in mobilising offshore equipment to the region, strengthening the company’s resources and offering faster deployment to projects.
The company has signed the contract for the exclusive exploration and development rights of the offshore block A5-A.
Support will initially cover the identification and evaluation of FPSO options for the development and pre-FEED technical assurance of the subsea design.
The well will be drilled from the Transocean Spitsbergen drilling facility in position 67°37'20.60"N and 6°45'57.57"E.
The post-lay trenching works are planned to commence late 2018 with the T1 trencher.
Recompletion operations on the company’s South Marsh Island 71 F2 well have finished.
Production in the area, which spans Texas and New Mexico, could reach 5.4 million boe per day by 2023, putting it ahead of every OPEC country except Saudi Arabia.
During the period the company maintained production levels in addition to recommencing onshore drilling and increasing offshore activity, resulting in a strong start to Q4.
The contract is to provide high-pressure riser and abrasive jet cutting services to the Deep Panuke decommissioning project offshore Canada.
This is the company's third large project in the Caspian Sea alongside with two other fields, Yury Korchagin and Vladimir Filanovsky.
Fuel price increases will outpace Asian governments’ ability to offset them with subsidies, according to ESAI Energy’s recently published 'Asia Watch'.
The facility, which will support SUEZ’s global research efforts, is located in Tomball, Texas.
Equinor has signed an agreement with Aker BP to sell its 77.8% operated interest in the King Lear discovery on the Norwegian Continental Shelf (NCS) for a total of US$250 million.
Highlands, the London-listed natural resources company, is pleased to announce the formation of Highlands Water Resources Corporation.
Both Titan Torque and EnerQuip, which designed and manufactured the new unit for Titan, believe the combination of its scale, capability and power make it the largest machine of its kind in Europe.