Offshore & subsea

SBM Offshore has announced that it has secured a US$250 million term loan facility.

bp, as operator of the Azeri-Chirag-Gunashli (ACG) project, has announced the start-up of oil production from the new Azeri Central East (ACE) platform as part of the ACG field development in the Azerbaijan sector of the Caspian Sea.

Seatrium and Singapore’s Agency for Science, Technology and Research (A*STAR) has inked a memorandum of understanding (MoU) to explore research opportunities in new energies and artificial intelligence (AI) to develop innovative products and engineering solutions for the offshore and marine sector.

Valeura Energy has announced three oil discoveries on its assets in the offshore Gulf of Thailand.

The companies have signed an MoU to explore and strengthen collaboration opportunities in floating production systems through leveraging both parties’ deep engineering capabilities and technologies.

Petrofac has been awarded a contract extension by bp, continuing support across its North Sea portfolio.

The company has announced the award of a sizeable contract by Talos Energy for the Sunspear development in Green Canyon Block 78, in the Gulf of Mexico.

The company has discovered an accumulation of oil in ultra-deep waters of the Potiguar Basin, in the Anhangá exploratory well, in the POT-M-762_R15 Concession.

The company has been awarded a two-year contract by Türkiye Petrolleri Anonim Ortakligi (TPAO), for the provision of 10 whipstock systems and related services.

Energean has announced that it has completed the farm-in to Chariot Ltd. acreage offshore Morocco, following the receipt of all remaining approvals from the Moroccan Authorities, and signed a rig contract with Stena Drilling Ltd.

Borr Drilling has announced new contract commitments for three of its premium jack-up rigs, the ‘Prospector 1’, the ‘Gunnlod’, and a rig to be determined.

PGS has received a letter of award for a large 3D contract offshore South Atlantic margin from a multiclient company

Yinson Production has officially named FPSO Maria Quitéria during a grand naming ceremony held at Cosco Shipping Heavy Industry (Shanghai) Shipyard in China on 3 April 2024.

Petro-Victory Energy has provided an update on the workover campaign to increase oil production in the 100% owned São João field in the Barreirinhas Basin in Maranhão, Brazil.

Equinor has awarded ocean services provider DeepOcean a frame agreement for marine services covering subsea intervention and repair contingency for subsea pipelines, structures and high voltage cables for both offshore renewables and oil and gas fields.