Oil & gas news

The company has entered into an agreement with Liwathon for the sale of the Equinor South Riding Point oil terminal at the Grand Bahama Island in the Bahamas.

The MoU covers several areas such as project financing, funding, and the development of a complete value chain for CO2 handling.

Rovco provided Well-Safe Solutions with field survey operations, to ensure the safe and efficient decommissioning of a platform which ceased production in 2015.

Operations and maintenance (O&M) represented 55% of the total contracts in 4Q22, followed by procurement with 19%, and contracts with multiple scopes, such as construction, design and engineering, installation, O&M, and procurement, accounted for 13%.

The companies have signed a multi-year framework agreement to decommission wells in the North Sea, as part of the decommissioning specialist’s Plug and Abandonment Club offering.

As part of this partnership, Seed Group will support Samotics to expand its operations and establish its offering in the Emirates and the wider Middle East region.

Neptune Energy has welcomed Equinor’s announcement, on behalf of the Snøhvit partnership, to award a major contract for the Snøhvit Future project in Norway to Aibel. ?

The new technology is a result of a collaborative research and development project with Net Zero Technology Centre and Spirit Energy.

Unite the union has announced that offshore workers employed by Petrofac on the FPF1 platform, and the Wood Group UK Limited on TAQA platforms are being balloted for strike action, as a growing wave of industrial unrest hits the United Kingdom Continental Shelf (UKCS).

The contract requires BiSN to use its proprietary Wel-lok™ alloy barrier technology to safely and efficiently plug and abandon oil and gas wells in the North Sea.