Offshore & subsea

Under the agreement, Sumitomo will have a 25% stake in the FPSO Anna Nery project, which was awarded to Yinson by Petrobras in October 2019.

The agreement has been signed with an unnamed European E&P company for licence P2478 in the Inner Moray Firth, UK.

Fenja is Neptune’s first operated development project on the Norwegian Shelf and is estimated to contain 97 million boe.

The current Covid-19 virus crisis has accelerated the need to reduce personnel on board (POB) on floating assets to a minimum.

Diamond intends to use the proceedings to restructure and strengthen its balance sheet and achieve a more sustainable debt profile.

Petrobras has extended its lease of the BW Cidade de São Vicente FPSO by 48 days.

The subsea transmission system, expected to begin commercial operation in 2025, will connect ADNOC’s offshore production facilities to ADPower’s onshore electricity grid.

SBM Offshore has announced the sailaway of the last two modules for the turret mooring system, destined for Singapore for integration into the hull of Equinor’s Johan Castberg FPSO.

Maersk Drilling is to reduce its offshore crew pool as a result of tenders and projects being delayed or cancelled.

The government has proposed an extension of the so-called ice edge boundary to the constantly changing southern fringe of the permanent ice sheet.

Well 6507/8-10 S, 10 km east of the Heidrun field, will be permanently plugged and abandoned.

Petrofac is preparing to extend its provision of operations and maintenance services to Repsol Sinopec Resources UK.

An initial AUS$200 million investment to help commercialise the closest gas field to Victoria's eastern coastline is being considered by Australian Gas Infrastructure Group (AGIG).

The company recorded a loss of €269 million in 1Q20 and withdrawn guidance for 2020.

Aker BP and PGNiG have started production from the second development stage (phase two) on the Ærfugl field in the Norwegian Sea.