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Offshore news

 
 

Tenaz Energy corp. announces agreement to acquire NAM Offshore B.V.

Tenaz Energy has entered into an agreement with Nederlandse Aardolie Maatschappij B.V., a 50/50 joint venture between Shell PLC and ExxonMobil Corporation, to acquire all of the issued and outstanding shares of NAM Offshore B.V. for base consideration of €165 million (US$246 million), prior to closing adjustments and contingent payments.

 
 

TotalEnergies sells its interest in SPDC JV

TotalEnergies has announced that its subsidiary TotalEnergies EP Nigeria signed a sale and purchase agreement (SPA) with Chappal Energies for the sale of its 10% interest in the SPDC JV licenses in Nigeria.

 
 
 
 

Saipem awarded two offshore projects in Saudi Arabia

Saipem has been awarded two offshore projects in Saudi Arabia, under the existing long-term agreement (LTA) with Saudi Aramco. The overall amount of the two projects is approximately US$500 million.

 

Equinor starts production from Kristin South

Equinor and its partners Petoro, Vår Energi, and TotalEnergies EP Norge started production from the first Lavrans well in the Kristin South area on 7 July.