Offshore & subsea

These latest projects represent a notable increase in AquaTerra’s roster of decommissioning projects between 2023 and 2025.

Altera Infrastructure has appointed AGR to conduct an independent third-party storage evaluation of the Havstjerne CO2 storage license offshore Norway.

Odfjell Technology has secured an important contract with COSL Drilling Europe AS. The fixed part of the contract, valued at approximately 160 million NOK, encompasses Tubular Running Services has a duration of three years, with the option for two additional one-year periods.

PETRONAS E&P Bobara Sdn. Bhd has signed a production sharing contract (PSC) for the Bobara working area located at the offshore of West Papua, Eastern Indonesia.

The recent Tangkulo-1 gas and condensate discovery has placed Mubadala Energy and the South Andaman block at the centre of a promising North Sumatra deepwater play, according to Wood Mackenzie.

Equinor will increase its ownership in the Heidrun field and Noatun discovery and reduce its ownership in the Tyrihans field and the Castberg field, as well as the Carmen and Beta discoveries.

Both projects are supported by the industry, with Phase I commencing immediately and Phase II planned for H1 2025.

QatarEnergy has signed a farm-in agreement with ExxonMobil to acquire a 40% participating interest in two exploration blocks offshore Egypt.

The company has announced the award of a large contract by Turkish Petroleum Offshore Technology Center AS (TP-OTC) relating to the Sakarya field development in the Black Sea, offshore Türkiye.

North Sea oil and gas operators could invest up to £3 billion in 14 major projects capable of cutting up to 32 million t of lifetime CO2e emissions from their production activities, according to the NSTA.

The Hibiscus South deposit has been confirmed to extend into the northern part of the field with good reservoir quality, increasing reserve estimates.

The offshore decommissioning project utilised real time cutting verification technology to remove 25 dormant gas platforms in support of the client’s wider asset end-of-life campaign.

Orders from Petrobras correspond to a third of the global demand for FPSOs. Of the total units planned until 2028, 10 are already contracted.

The collaboration and proposed commercial alliance intends to support the rapid increase of CCS projects underway by providing solutions to screen, select, characterise and monitor potential carbon storage sites worldwide.

DNO has announced that the Company’s wholly-owned subsidiary DNO Norge AS has entered into an agreement to acquire stakes in five oil and gas fields in the Norne area in the Norwegian Sea from Vår Energi ASA.