Oil & gas news

The operations in the reservoir section are still at an early stage and it has yet to be confirmed if commercial volumes are present.

All three companies have said they will fulfil any existing activity in full compliance with applicable international laws and sanctions.

The company's Memory Raptor cased-hole evaluation system has won an Offshore Technology Conference Asia (OTC Asia) Spotlight on New Technology award for OTC Asia 2022 Exhibitors.

Reach Subsea has joined forces with OCTIO to strengthen its capabilities in survey and inspection data gathering.

Esso Australia has made a final investment decision to develop additional gas from the Gippsland Basin Kipper field.

Production was temporarily shut down last month due to a faulty component in the Rhum Subsea Control Module that has now been replaced.

It is expected that, post-clean up, the MSD-25 infill development well will achieve a stabilised gross production rate of c.300 bpd, which is in line with pre-drill estimates.

The award for cementing services takes the total value of ADNOC’s drilling-related framework agreements and procurement awards since November 2021 to over US$8.5 billion.

The operations offshore Norway are expected to start from the end of 4Q22, upon termination of the works in which the Scarabeo 8 rig is currently engaged.

From the anticipated closure date of 30 March 2022, certain Oceaneering staff based in Norway will transfer, along with decommissioning assets including well and pile abrasive cutting and recovery systems and associated tooling.