Archer acquires P&A specialist Romar-Abrado and increases guidance for 2023
The acquisition is based on an enterprise value of US$8 million, plus earn-out pending trading performance over 2023 to 2025.
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The acquisition is based on an enterprise value of US$8 million, plus earn-out pending trading performance over 2023 to 2025.
The systems will be deployed across two of OceanPact’s vessels to support inspection, repair and maintenance services for Petrobras' oilfields.
The company found that outside Russia, discoveries in 2021 were at the lowest level (3.4bnboe) since at least 2008.
The Norwegian Petroleum Directorate consider how Norway has fortified its role as a predictable, long-term supplier of energy to Europe.
The project, supported by industry funding, is expected to complete by the end of 2023, with fast-track products available by June.
Initial production tests indicate flow rates of up to 1800 barrels of oil equivalent per day (boepd).
This contract represents a renewal of the first five-year framework agreement that was awarded to Technip Energies by KOC i
The contract includes the drilling of one firm well, ‘Tomcat’, in PL 1055 in the Norwegian Sea, with the option to drill two further wells in 2024.
The company has announced contract awards or extensions for five of its drilling rigs.
The company has announced that it has increased its non-controlling investment in Intelligent Wellhead Systems Inc. through the acquisition of outstanding common shares of IWS for an aggregate purchase price of US$7.9 million.
The company and its partners have announced the results of recent appraisal drilling at the Isabella discovery (P1820) in Block 30/12d-12.
The company has entered into a share purchase agreement with OMV Exploration and Production GmbH to acquire 100% of the outstanding share capital of OMV (Yemen Block S 2) Exploration GmbH, OMV Jardan Block 3 Upstream GmbH and OMV Block 70 Upstream GmbH.