Offshore & subsea

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The company recorded a loss of €269 million in 1Q20 and withdrawn guidance for 2020.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

The company is delaying final investment decisions (FIDs) on the Jackdaw natural gas field in the North Sea and the Whale deepwater oil discovery in the Gulf of Mexico.

In the second part of an exclusive two-part article, Harald Holden, Ignacio Marré and Heidi Gryteland Holm, 4Subsea and Randi Næss, Lundin Norway consider methods of measuring and performing upfront analysis for exploration wells.

Fugro will deliver integrated marine-based services onboard the Well-Safe Guardian, Well-Safe Solutions’ semi-submersible unit for executing subsea well decommissioning work.

A new report published by OGUK shows domestic oil and gas production in 2019 met nearly two thirds of the UK’s oil and gas demands.