Oil & gas news

PETRONAS has signed a Memorandum of Cooperation (MoC) with Vietnam oil and gas group (PETROVIETNAM) to explore potential collaboration opportunities in the upstream, renewable energy, gas, and downstream sectors in Vietnam.

Developed by OneNexus to help the energy industry meet the challenge of its Asset Retirement Obligations (ARO), WellSecure is a financial contract that provides long-term financial security for the purpose of funding oil and gas decommissioning liabilities.

Kongsberg Digital has unveiled a developing collaboration with the Norwegian energy company Equinor, underpinning a stronger safety and sustainability focus in offshore operations.

SBM Offshore has announced that FPSO Prosperity has produced first oil as of 14 November 2023 and is formally on hire.

Diamond Offshore Drilling has announced it has entered into a drilling contract with an independent operator to utilise the Ocean BlackRhino for work offshore Guinea-Bissau.

The company’s latest report, ‘Oil and Gas Industry Contracts Analytics by Sector, Region, Planned and Awarded Contracts and Top Contractors, Q3 2023,’ reveals that the overall contract value decreased from US$57.4 billion in Q2 2023 to US$42.6 billion in Q3 2023.

Carbon Catalyst Limited (CCL) has completed the farmout of a 10% working interest in the Poseidon carbon storage licence located in the Southern North Sea sector of the UK Continental Shelf.

This production sharing agreement is part of the company’s vision to strengthen the energy autonomy of Côte d'Ivoire and the West African sub-region.

The subsea product line of forum energy technologies has secured a contract from the UK ministry of defence salvage and marine operations (SALMO) team to supply a work class remotely operated vehicle (ROV).

The company has completed a well cement placement project for a large international operator in the US Gulf of Mexico, delivering an inner-string cementing on a subsea well's 22 in. surface casing in a water depth of approximately 2000 m.