Offshore & subsea

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.

DNO has announced a gas condensate discovery on the Norma prospect in the Norwegian North Sea license PL984 in which the Company holds a 30 percent operated interest.

The companies have signed a multi-year contract to deploy Akselos' digital twin technology on the ABS-classed Atlanta FPSO in Brazil's Santos Basin.

The company has announced a series of key contract wins across the Asia Pacific (APAC) region.

Orcadian has entered into a non-binding Heads of Agreement (HoA) with a North Sea operator (the Operator), which details a potential farm-out of the Pilot development project.

Transocean has announced a three-year award for the newbuild ultra-deepwater drillship Deepwater Aquila with a national oil company for work offshore Brazil. The contract is expected to commence in the 3Q24 and represents approximately US$486 million in firm backlog.