Category: Uncategorized

Spirit Energy has completed a $55 million UK North Sea decommissioning campaign, plugging and abandoning three subsea wells and removing more than 234 tonnes of offshore infrastructure with support from DeepOcean and Well-Safe.

DNV has acquired Equinor’s WellSpot technology, developed and operated over 15 years, and will commercialize the platform to help offshore operators continuously monitor and manage subsea wellhead fatigue.

SLB has launched its ExaCT electrical control system for coiled tubing interventions, with field testing showing a roughly 175-hour reduction in intervention time during one six-lateral well operation.

ADNOC has awarded McDermott a contract valued at more than $1 billion for Package 4 of the Umm Shaif development, covering a new offshore pressure boosting facility designed to increase gas recovery and production.

CB&I Asset Solutions has secured a three-year contract to operate and maintain an FPSO offshore Côte d’Ivoire, an award the company classifies at between $50 million and $100 million.

Comet Ridge has completed its acquisition of Santos’ 42.86% interest in the Mahalo Gas Project, giving it 100% ownership and operatorship of the broader 1,850-sq-km Mahalo Gas Hub as it advances toward FID.

L&T Energy Hydrocarbon Offshore has secured a more than ₹150 billion ($1.57 billion) EPCIC contract for a major Middle East offshore development involving multiple facilities and subsea infrastructure.

Iran has announced a natural gas discovery containing more than 7.5 Tcf in Fars province, including an estimated 5.7 Tcf of recoverable gas, as the country contends with production losses following months of attacks on energy infrastructure.

Oil headed for a roughly 6% weekly gain, with Brent near $94 a barrel, as markets awaited new U.S. economic measures targeting Iran amid continued Middle East supply disruptions.

Petrobras has entered negotiations for four exploration blocks offshore Ghana in the Keta basin, advancing its strategy to expand frontier exploration and replenish oil and gas reserves.