Offshore & subsea

According to Wood Mackenzie, OPEC+ is preparing for 2024 demand uncertainty by retaining current targets and agreeing to voluntary cuts.

DNV has issued a Statement of Qualified Technology for Strohm’s 6 in. EGF-PE pipe, as per the DNV-ST-F119 standard, for its use as a flowline or jumper in deep waters.

Government, regulators and industry chiefs gathered in Aberdeen on 29 November to discuss the outlook for investment in the North Sea following several strong votes of confidence in the basin.

McDermott has received a limited notice to proceed for an EPCI contract from Shell Trinidad and Tobago Limited for the Manatee gas field development project, located off the east coast of Trinidad and Tobago.

Saipem has been awarded two offshore contracts, one in Guyana and the other in Brazil, worth approximately US$1.9 billion.

The President of the Republic of Côte d’Ivoire Alassane Ouattara, and Eni CEO Claudio Descalzi met in Abidjan to celebrate production start-up from the Baleine field, situated off the eastern coast of Côte d’Ivoire, and to review Eni's activities in the country.

The volume of CO2 being injected into the North Sea by 2050 will be equivalent to the natural gas currently being extracted from the basin, according to a new report from global energy consultancy Xodus.

BW Energy has completed the acquisition of the FPSO Cidade de Vitoria from Saipem S.p.A. The FPSO is currently producing approximately 10 000 bpd of oil from the Golfinho field offshore Brazil, supported by the Company’s local operating organisation.

Expro has been awarded a corporate frame agreement to deliver well testing services for Equinor in the Norwegian Continental Shelf (NCS).

McDermott has been awarded a sizeable engineering, procurement, removal and disposal contract by Santos. The offshore decommissioning award is for the full removal and disposal of the Campbell platform structure, which is part of the Varanus Island Hub offshore infrastructure in Western Australia.

MODEC, and Terra Drone Corporation has signed a memorandum of understanding (MOU), for the technical development of inspection drones for FPSO (floating production, storage and offloading system), a typical offshore platform.

The company has announced the award of a sizeable contract by Shell for the decommissioning of subsea infrastructure associated with the FPSO Fluminense in the Bijupirá and Salema fields of the Campos Basin.

The company has announced that it has entered into a definitive agreement with industrialisation and energy services company, TAQA, to sell its entire 49% stake in Arabian Geophysical and Surveying Company (ARGAS).

Located in the Malacca Strait, the project has received industry funding and will deliver early products in December 2023 and final results in August 2024.

Odfjell Drilling has announced that Equinor has exercised options for seven wells to extend the use of the Deepsea Aberdeen on the Breidablikk field.