Oil & gas news

CEO Mario Mehren described 2022 as an extremely challenging year which brought significant change for the company.

Carbon AXIOM now includes a detailed analysis of saline aquifer potential offshore Galveston, Texas.

The company has acquired a portion of Chesapeake Energy’s oil and gas assets in the Eagle Ford shale, south Texas for US$1.4 billion.

The new state-of-the-art facility consolidates office space with warehouse in one location.

Forum Energy Technologies (FET) has secured a significant order from DOF Subsea to deliver four of its advanced work-class remotely operated vehicles (ROVs).

The company has completed a contract awarded by Well-Safe Solutions to support its well plug and abandonment decommissioning operations in the Southern North Sea.

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%.