Offshore news
Neodrill and Baker Hughes perform world's first cut and recover operation
The cut and recover operation was carried out for Wintershall Dea Norge.
Var Energi extending life of Balder area in North Sea
The Balder Future project is aiming to extend the life of the area to 2045.
Saudi Aramco suspends operations for Shelf jack-up rig
The suspension will last for up to 12 months.
Shell awards FPSO decommissioning contract to AF Gruppen
The Curlew FPSO operated in the North Sea.
Bahamas Petroleum and Columbus Energy Resources set to merge
The two companies have reached agreement on the terms of a recommended all-share merger, which would see Bahamas Petroleum acquire Columbus for approximately £25 million.
Neptune Energy awarded drilling permit in Norway offshore licence
Wells 34/4-15 S and 34/4-15 A in production licence 882 will be drilled from the Deepsea Yantai drilling facility.
Gabon increases 3D seismic access to offshore blocks on offer
Gabon’s Directorate General of Hydrocarbons and PGS have expanded the Gabon MegaSurvey coverage, significantly increasing access to 3D seismic over the 35 blocks on offer as part of the country's offshore licensing round.
TEMS International awarded Gulf of Mexico drilling support contracts
The company will provide its continuous environmental compliance and drilling performance management services on both projects.
Global upstream investments set for 15-year low, predicts Rystad Energy
Global spending is forecasted to reach US$383 billion this year, the lowest level in 15 years and a 29% decrease of US$156 billion compared to 2019.
Shell starts sale of sale of stakes in Norwegian assets: document
The company is selling its 6.45% interest in the Kvitebjorn field and pipeline and its 3.225% interest in the Valemon Unit and Valemon Rich Gas Pipeline, according to a document seen by Reuters.