Oil & gas news

The contracts, for undisclosed clients in Australia, will see Skandi Singapore commence subsea project operations during 1Q20 for two major operators in the region over a period of 50 – 60 days.

The DTM-5H well marks the completion of the first of two new well clusters on the Tortue field, offshore Senegal and Mauritania, which will be tied back to the FPSO BW Adolo and boost oil output.

Cairn Energy has provided an update on its operations in the North Sea, West Africa and Latin America.

The company has reached an agreement with creditors that will equitise nearly all of its funded debt.

Wood will continue to work with Saudi Aramco to develop engineering design and implementation strategies to produce and deliver gas from shale and tight gas reservoirs.

According to research published by DNV GL, two thirds (66%) of senior oil and gas professionals are confident of industry growth in 2020, down 10 percentage points from the 76% recorded in 2019 – the peak of a surge in confidence from a low of only 32% in 2017.

The contract award is part of a total of £4 million in new business for the oil and gas consultancy.

The two rigs will be built collaboratively between IMI and Lamprell, with Lamprell’s share of project value amounting to circa US$350 million.

The contract for the unnamed NOC will be undertaken by the company's new Maintenance Services Division.

The company has announced that the Luiperd-1 well in block 11B/12B offshore South Africa is due to spud in 2Q20.