PETRONAS discovery in Suriname approaches 400 million bbl
According to Wood Mackenzie, TotalEnergies and APA Corporation are close to sanctioning a cluster FPSO development on Block 58.
Offshore & subsea
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Saipem awarded a new offshore contract by Azule Energy
Saipem has been awarded a new offshore contract by Azule Energy Angola S.p.A., subsidiary of Azule Energy Holdings Ltd. an incorporated joint venture between Eni and bp, for the development of the Ndungu Field as part of Agogo Integrated West Hub Project, located approximately 180 km off the coast of Angola. The value of the contract is around US$850 million.
Seadrill enters agreement to sell its Qatar jack-up fleet and expands share repurchase programme
Seadrill has announced that it has entered into a definitive agreement to sell three jack-up rigs—the West Castor, the West Telesto and the West Tucana, and its 50% equity interest in the joint venture that operates these rigs offshore Qatar to Seadrill’s joint venture partner gulf drilling international for cash proceeds of US$338 million.
PETRONAS makes latest oil and gas discovery in Suriname's offshore block 52
PETRONAS Suriname E&P B.V. a subsidiary of PETRONAS, has made a third hydrocarbon discovery in Block 52 at the Fusaea-1 exploration well in Suriname’s Block 52, located about 170 km offshore and 9 km east from Roystonea-1.
Seatrium awarded repeat FPSO integration contract from SBM Offshore
Seatrium has announced that it has been awarded a contract by Single Buoy Moorings Inc, a SBM Offshore company, for the topsides fabrication and integration of a floating production storage and offloading (FPSO) vessel.
AquaTerra Group secures significant decommissioning projects
These latest projects represent a notable increase in AquaTerra’s roster of decommissioning projects between 2023 and 2025.
AGR enlisted for offshore CO2 storage support
Altera Infrastructure has appointed AGR to conduct an independent third-party storage evaluation of the Havstjerne CO2 storage license offshore Norway.
More Offshore & subsea news
Odfjell Technology secures 3-year contract for tubular running services with COSL Drilling Europe AS
Odfjell Technology has secured an important contract with COSL Drilling Europe AS. The fixed part of the contract, valued at approximately 160 million NOK, encompasses Tubular Running Services has a duration of three years, with the option for two additional one-year periods.
PETRONAS signs production sharing contract for the bobara working area, Eastern Indonesia
PETRONAS E&P Bobara Sdn. Bhd has signed a production sharing contract (PSC) for the Bobara working area located at the offshore of West Papua, Eastern Indonesia.
Wood Mackenzie: New gas and condensate discovery at the South Andaman adds further volumes to the area
The recent Tangkulo-1 gas and condensate discovery has placed Mubadala Energy and the South Andaman block at the centre of a promising North Sumatra deepwater play, according to Wood Mackenzie.
Equinor and Petoro agree to harmonise equity interests
Equinor will increase its ownership in the Heidrun field and Noatun discovery and reduce its ownership in the Tyrihans field and the Castberg field, as well as the Carmen and Beta discoveries.
CGG launches reimaging projects in Côte d'Ivoire
Both projects are supported by the industry, with Phase I commencing immediately and Phase II planned for H1 2025.
QatarEnergy to acquire two new exploration blocks offshore Egypt
QatarEnergy has signed a farm-in agreement with ExxonMobil to acquire a 40% participating interest in two exploration blocks offshore Egypt.
Subsea Integration Alliance awarded contract offshore Türkiye
The company has announced the award of a large contract by Turkish Petroleum Offshore Technology Center AS (TP-OTC) relating to the Sakarya field development in the Black Sea, offshore Türkiye.
NSTA: North Sea operators are proposing a wealth of emissions reduction schemes
North Sea oil and gas operators could invest up to £3 billion in 14 major projects capable of cutting up to 32 million t of lifetime CO2e emissions from their production activities, according to the NSTA.