Oil & gas news

The company will use the funds for the purchase of its third rig.

The yard will be used to decommission offshore topsides, jackets and subsea equipment in line with Liberty Industrial’s sustainable commitments - to recycle, reuse or repurpose upwards of 95% of all salvaged waste and material.

Designed and developed by TSC Subsea’s UK team, working closely with the company’s Norwegian acoustic scientists, the ART® vPush was designed with speed of inspection as a priority.

MacGregor, part of Cargotec, has signed a two-year OnWatch Scout agreement and has been selected to supply spare parts and services for the Offshore Support Vessel, MPV Everest.

Preliminary production figures for May 2022 show an average daily production of 1 831 000 barrels of oil, NGL and condensate.

The accolade was awarded as part of Wood Mackenzie’s annual Exploration Survey.

Craig International has secured a major contract with INEOS FPS valued at over £20million. Following a competitive tender, the global energy procurement specialist has been awarded a five-year contract to deliver consolidated procurement services to INEOS FPS.

Lucid’s Delaware Basin footprint overlays some of the most economic crude oil and natural gas producing acreage in North America. Current rig activity supports over 20 years of drilling inventory on Lucid’s greater than 600 000 dedicated acres

TotalEnergies E&P Suriname, Suriname Branch has exercised an option to add the drilling of one additional well in Block 58 offshore Suriname to the work scope of the drillship Maersk Valiant.

Equinor and the UK’s Centrica have signed an agreement which will provide additional supplies of around 1 billion cubic meter (bcm) of gas for each of the coming three heating seasons.