Oil & gas news

The company now holds a 45% interest in the project in Lincolnshire, UK.

The order of four pumps from VWS Westgarth, which supplies and operates sulfate reduction membrane systems, was for chemically enhanced backwash pumps to be installed aboard two FPSO vessels operated by Petrobas off the coast of Brazil.

Oil prices started the week boosted by the US stimulus bill that the US House of Representatives passed but a risk of bearish developments could trim gains going forward.

The Neptune-operated Dugong discovery, in Production Licence 882, was one of the largest discoveries on the Norwegian Continental Shelf in 2020.

Fugro has been awarded multiple contracts by Eni Angola to carry out geotechnical and environmental surveys off the coast of Angola between now and May.

Work on the contract consists of two offshore production deck modules and associated pipeline and subsea cables in Saudi Aramco’s Marjan field.

Petronas have reported a US$272 million loss after tax for 4Q20.

The companies applying for production licenses in the 25th licensing round on the Norwegian shelf include Shell, Equinor and OMV.

The company's Future Energy Fund II is focused on technologies that have the potential to enable affordable, reliable and cleaner energy.

The first scope of a five-year contract will see TWMA provide drilling waste management services on the harsh-environment jack-up rig Maersk Resolve as Spirit Energy drills the Grove North East well in the Southern Sector of the North Sea.