Oil & gas news
Archer acquires P&A specialist Romar-Abrado and increases guidance for 2023
The acquisition is based on an enterprise value of US$8 million, plus earn-out pending trading performance over 2023 to 2025.
FET delivers trio of ROVs to OceanPact in Brazil
The systems will be deployed across two of OceanPact’s vessels to support inspection, repair and maintenance services for Petrobras' oilfields.
Westwood: Discoveries at lowest level outside of Russia for more than a decade
The company found that outside Russia, discoveries in 2021 were at the lowest level (3.4bnboe) since at least 2008.
NPD discuss investments for the future on the Shelf
The Norwegian Petroleum Directorate consider how Norway has fortified its role as a predictable, long-term supplier of energy to Europe.
CGG commences 7700 sq km Foz do Amazonas 3D seismic reimaging project
The project, supported by industry funding, is expected to complete by the end of 2023, with fast-track products available by June.
Neptune Energy starts production at Römerberg 6 well, Germany
Initial production tests indicate flow rates of up to 1800 barrels of oil equivalent per day (boepd).
Odfjell Drilling Ltd agrees contract with PGNiG Upstream Norway AS for the use of drilling rig Deepsea Yantai
The contract includes the drilling of one firm well, ‘Tomcat’, in PL 1055 in the Norwegian Sea, with the option to drill two further wells in 2024.
Technip Energies awarded a large project management consultancy contract by Kuwait Oil Company
This contract represents a renewal of the first five-year framework agreement that was awarded to Technip Energies by KOC i
Transocean Ltd. announces contract awards and extensions totalling US$488 million
The company has announced contract awards or extensions for five of its drilling rigs.
Pason increases investment in Intelligent Wellhead Systems
The company has announced that it has increased its non-controlling investment in Intelligent Wellhead Systems Inc. through the acquisition of outstanding common shares of IWS for an aggregate purchase price of US$7.9 million.