Offshore news

The company recorded underlying EBITDA of £8.8 million in 2019 (FY18 £8.7 million) after £1.1 million OPEX investment in global operations.

Grupo R is to lease the La Muralla IV platform for Shell to operate in the deepwaters of the Gulf of Mexico.

The LOI envisages that New Age would supply a minimum of 25 million ft3/d of gas to Gaz du Cameroun S.A. (GDC), Victoria's wholly-owned subsidiary, for the first three years, followed by a minimum of 30 million ft3/d, with the potential to increase in the future.

The company has been awarded contracts by Saudi Aramco, Eni and Noble Energy.

Equinor has said the target is expected to be met primarily through significant growth in renewables and changes in the scale and composition of the oil and gas portfolio.

The company will provide subsea umbilicals, risers and flowlines, transportation and installation, pre-commissioning of one jacket and topsides for the Ruby Project offshore Trinidad and Tobago.

More gas discoveries are needed if the UAE is to reach its goal of becoming a net gas exporter by 2030, according to Rystad Energy analysis.

The alliance will provide clients with an integrated service across a wide range of complex projects in the UK North Sea and internationally.

Norway may restrict oil firms’ access to offshore resources in the Arctic by moving the so-called ice edge, a line that sets a legal limit on the extent to which companies can go north in search of oil.

Following the relinquishment of LO 16/19 in the South Porcupine Basin, Europa’s licence position offshore Ireland comprises five 100%-owned licences.