Offshore & subsea

Vår Energi has reached an agreement with Petrolia NOCO (Petrolia) to sell its 12.25% stake in the Brage field on the Norwegian Continental Shelf.

Turan Drilling & Engineering, a KCA Deutag and SOCAR AQS Company, has secured a contract extension, with a value of US$300 million, for the provision of offshore drilling operations and maintenance services in Azerbaijan.

The bureau of ocean energy management (BOEM) will publish its updated final notice of sale (FNOS) for Gulf of Mexico Oil and gas lease sale 261 in the Federal Register.

QatarEnergy has been awarded a new exploration block offshore the Arab Republic of Egypt as part of the 2022 EGAS International bid round.

Expro has announced it has completed its previously announced acquisition of offshore services provider PRT Offshore.

Petrofac has been awarded a three-year contract extension in support of Repsol Sinopec Resources UK’s North Sea operations worth more than US$100 million.

The new business, which will adopt the OneSubsea name, will drive innovation and efficiency in subsea production by helping customers unlock reserves and reduce cycle time.

According to Wood Mackenzie, offshore development of new gas assets has been identified as a key piece to Colombia’s long-term energy security, but significant challenges remain.

Equinor and Ithaca Energy have taken the final investment decision to progress Phase 1 of the Rosebank development on the UK Continental Shelf (UKCS), investing US$3.8 billion.

The agreement with the alliance, which comprises Subsea7 and OneSubsea™, an SLB company, will combine the three companies’ skills, knowledge and experience across a global portfolio of projects.

The three-year financial partnership will support the organisation in carrying out their critical work of detecting, plugging and monitoring leaking wells.

The NPD's new name will be the Norwegian Offshore Directorate. The PSA's new name will be the Norwegian Ocean Industry Authority.

The company has announced a two-year contract extension with a major Operator in Brazil for the use of the 6 in., 15K Trident Intervention System to facilitate well interventions as well as plug and abandonment operations.

Arena Energy, LLC, has announced it was awarded seven leases by the Bureau of Ocean Energy Management (BOEM) in Lease Sale 259 .

The Johan Castberg partnership, consisting of Equinor, Vår Energi and Petoro, is updating the project cost estimate. The investment estimate has increased by almost NOK 13 billion since last year.