Oil & gas news

This acquisition adds to HEYCO’s expanding European portfolio, following the purchase of a gas field in Northern Spain and the establishment of a Madrid office in 2022.

As consideration for the sale, Talos received US$74.85 million in cash at closing, with an additional US$49.90 million due upon first production, for an aggregate price of US$124.75 million.

The contract covers the manufacture and installation of subsea production systems, flexible and rigid pipe, and umbilicals, as well as connection to the host facility.

According to Wood Mackenzie, offshore development of new gas assets has been identified as a key piece to Colombia’s long-term energy security, but significant challenges remain.

McDermott has been awarded a transportation and installation contract by PRIO for the Wahoo field, offshore Brazil.

Equinor has signed a new long-term gas sales agreement with Austrian company OMV. The agreement is for 5 years starting 1 October this year and with an annual volume of 12 TWh.

CGG has announced the start of a new multi-client 3D PSDM reimaging programme in the Tano Basin offshore Côte d’Ivoire in association with the country’s Direction Générale des Hydrocarbures (DGH) and national oil company, PETROCI Holding (PETROCI).

The company has made a gas discovery in well 6607/3-1 S, 225 km west of Sandnessjøen.

Equinor and Ithaca Energy have taken the final investment decision to progress Phase 1 of the Rosebank development on the UK Continental Shelf (UKCS), investing US$3.8 billion.

The service provides operators with high-speed, real-time drilling and subsurface data to ensure consistent well delivery.