Offshore & subsea

Dagang NeXchange has increased its stake in Ping Petroleum to 90%.

The FPSO P-71 will undergo modification and integration before deployment at the Itapu field offshore Brazil.

Equinor and partners Petoro, Vår Energi and Total E&P Norge have decided to develop the Lavrans discovery and the Kristin Q-discovery.

Carnarvon Petroleum has signed a letter of intent with an unnamed rig contractor, and a formal rig contract is now being finalised.

OGUK's Methane Action Plan for the North Sea includes targets to reduce methane emissions by 50% compared to 2018, committing to 0.20% methane intensity by 2025 and stopping all routine flaring by 2030.

The company has completed decommissioning and removal of the Sable Project off the coast of Nova Scotia, Canada.

TechnipFMC will supply subsea trees with controls, electrical and hydraulic distribution units, topside systems, and installation and intervention support services with rental tooling.

Production from the Breidablikk field in the North Sea is scheduled to start in the first half of 2024.

The Baltic jack-up rig has been contracted by Total E&P Nigeria for five wells, starting this month.

The bareboat charter for the Samsung Santorini is approximately two years in duration and provides for the option to purchase the ship.

The Australian government is proposing to levy AUS$0.48/bbl on all offshore oil producers in order to cover the cost of decommissioning the Laminaria-Corallina oilfields, located in the Timor Sea.

FEED contracts for the FPSO and wellhead platform design for the Dorado project, offshore Western Australia, are being finalised and are expected to be awarded over the next few months.

The Weizhou 11-2 oilfield phase II project, located in the Beibu Gulf, is expected to reach its peak production of approximately 6000 bpd in 2022.

The programme work offshore Guyana is planned to be completed in 1Q22.

The contract is for the drilling of three firm wells and two optional wells offshore Israel, with the first firm well expected to spud in 1Q22.