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Offshore news

 

New Zealand Government to reverse oil and gas exploration ban

Removing the ban on petroleum exploration beyond onshore Taranaki is part of a suite of proposed amendments to the Crown Minerals Act to deal with the energy security challenges posed by rapidly declining natural gas reserves, Resources Minister Shane Jones says.

 
 
 
 
 
 
 
 

Subsea7 awarded four PLSV contracts in Brazil

Subsea 7 has announced, after a competitive tender process, the award by Petrobras of four long-term day-rate contracts for pipelay support vessels (PLSVs) commencing in 2025.