Offshore news

MODEC, and Terra Drone Corporation has signed a memorandum of understanding (MOU), for the technical development of inspection drones for FPSO (floating production, storage and offloading system), a typical offshore platform.

The company has announced that it has entered into a definitive agreement with industrialisation and energy services company, TAQA, to sell its entire 49% stake in Arabian Geophysical and Surveying Company (ARGAS).

Dana Petroleum and NEO Energy have announced the signing of a sale and purchase agreement under which NEO Energy will acquire Dana’s full equity in the Western Isles FPSO.

Located in the Malacca Strait, the project has received industry funding and will deliver early products in December 2023 and final results in August 2024.

Odfjell Drilling has announced that Equinor has exercised options for seven wells to extend the use of the Deepsea Aberdeen on the Breidablikk field.

ExxonMobil has started production at Payara, Guyana’s third offshore oil development on the Stabroek Block, bringing total production capacity in Guyana to approximately 620 000 bpd.

PETRONAS has signed a Memorandum of Cooperation (MoC) with Vietnam oil and gas group (PETROVIETNAM) to explore potential collaboration opportunities in the upstream, renewable energy, gas, and downstream sectors in Vietnam.

Kongsberg Digital has unveiled a developing collaboration with the Norwegian energy company Equinor, underpinning a stronger safety and sustainability focus in offshore operations.

SBM Offshore has announced that FPSO Prosperity has produced first oil as of 14 November 2023 and is formally on hire.

Diamond Offshore Drilling has announced it has entered into a drilling contract with an independent operator to utilise the Ocean BlackRhino for work offshore Guinea-Bissau.