Offshore & subsea

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.

ExxonMobil has started production at Payara, Guyana’s third offshore oil development on the Stabroek Block, bringing total production capacity in Guyana to approximately 620 000 bpd.

Kongsberg Digital has unveiled a developing collaboration with the Norwegian energy company Equinor, underpinning a stronger safety and sustainability focus in offshore operations.

SBM Offshore has announced that FPSO Prosperity has produced first oil as of 14 November 2023 and is formally on hire.

Diamond Offshore Drilling has announced it has entered into a drilling contract with an independent operator to utilise the Ocean BlackRhino for work offshore Guinea-Bissau.

Carbon Catalyst Limited (CCL) has completed the farmout of a 10% working interest in the Poseidon carbon storage licence located in the Southern North Sea sector of the UK Continental Shelf.

The subsea product line of forum energy technologies has secured a contract from the UK ministry of defence salvage and marine operations (SALMO) team to supply a work class remotely operated vehicle (ROV).

The company has completed a well cement placement project for a large international operator in the US Gulf of Mexico, delivering an inner-string cementing on a subsea well's 22 in. surface casing in a water depth of approximately 2000 m.

The companies have announced the discovery of a total of 114 ft (35 m) of net pay at the Wei-1 well on the Corentyne block, approximately 200 km offshore from Georgetown, Guyana.

SBM Offshore and ExxonMobil Guyana Limited, an affiliate of ExxonMobil Corporation, have completed the transaction related to the purchase of FPSO Liza Unity.

McDermott has been awarded a transportation and installation contract by the Oil and Natural Gas Corporation (ONGC) for the KG-DWN-98/2 development project, located off the east coast of India.

PGS is awarded a 3D exploration contract in the Mediterranean. The Ramform Titan is scheduled to mobilise for the survey in December and the contract has a total duration of approximately 160 days.

Lime Petroleum AS has entered into sale and purchase agreements with DNO Norge AS (‘DNO’) and OKEA ASA (‘OKEA’), to acquire 10.7212% and 6.2788% interests respectively in PL740 in the Norwegian North Sea, in which the Brasse Field is expected to start commercial production in 2027.