Offshore news

The companies say that the new unit will aim to recycle as much of the materials from decommissioned offshore platforms as possible.

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.

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.