Subsea news
Transfer of Krafla operatorship from Equinor to Aker BP
The companies have signed a MoU for transfer of the Krafla operatorship from Equinor to Aker BP, making Aker BP the operator of all discoveries in the NOAKA area.
Sirius-Somoil Consortium SPA signed to acquire interests in Angolan offshore blocks 18, 27, and 31
The companies have signed a legally binding sale and purchase agreement with Angola’s state-owned oil company for a total consideration of US$335.5 million.
Petrofac secures sizeable decommissioning contract through Gulf of Mexico Alliance
Petrofac has been appointed by PDC as the Decommissioning Services Provider in a contract valued at around US$200m.
Neptune secures renewable electricity supplies for German assets
The company has secured new renewable electricity supplies for its operated assets in Germany, reducing emissions by more than 11 000 t of CO2 per year.
Well-Safe Solutions announces agreement to add third rig to fleet
The rig acquisition is expected to create around 100 jobs in a variety of onshore and offshore roles.
Baker Hughes launches subsea wellhead technology
The technology is set to save operational rig costs by helping lower overall wellhead installation costs due to reduced rig trips.
Neptune Energy announces the discovery of oil and gas at the Hamlet exploration wells in the North Sea.
Work is continuing to confirm potential recoverable resources, but Neptune’s preliminary estimate is 8-24 million boe.
ExxonMobil makes three new discoveries offshore Guyana
The three new discoveries offshore Guyana have increased its estimate of the recoverable resource for the Stabroek Block to nearly 11 billion boe.
Keppel Corporation Limited and Sembcorp Marine Ltd to merge
The combined entity will be well-positioned to capture opportunities arising from decarbonisation in the oil & gas sector.
Greater Ekofisk Area production licenses extended
The Ministry of Petroleum and Energy (MPE) has extended the production licenses in the Greater Ekofisk Area from 2028 to 2048.