MODEC gets its hands on 20-year FPSO job with Shell for Brazilian oil & gas development
Shortly after disclosing a final investment decision (FID) for its deepwater development project in the pre-salt area of the Santos…
Decommissioning
The Gyda Project Successfully Completed
The Gyda decommissioning and recycling project has officially ended, marking a significant milestone in sustainable offshore decommissioning. Over the course…
Company news
International Health and Safety Passport delivered in Iraq for first time
ECITB Global’s International Health and Safety Passport (IHSP) has been delivered in Iraq for the first time thanks to the…
International
Nabors finalises Parker Wellbore acquisition
Nabors projects Parker will generate around $150m in annual adjusted EBITDA by 2025, excluding synergies. Nabors Industries, a provider of…
Decommissioning
A new rule could speed up unused oil well decommissioning. Gulf States are suing to stop it
Thousands of oil and gas wells in the Gulf of Mexico no longer in use need to be removed from…
Company news
Brazil offshore oil hit by regulators’ crackdown on drilling
Brazilian regulators are cracking down on some offshore drilling by oil giants like Petrobras and Equinor ASA, complicating exploration and…
International
Aker BP comes up empty-handed at another prospect as drilling ops wind down
Norwegian oil and gas player Aker BP has found no hydrocarbons in the Norwegian Sea, following drilling activities conducted by…
Contracts
Shelf Drilling bags $50m rig contract extension from Chevron
United Arab Emirates-based jackup rig pure-play Shelf Drilling has secured an extension for one of its rigs. Namely, the 2008-built…
Decommissioning
Shell taps Asian duo for ‘first major’ decom project offshore Brunei
Serikandi Hilong, a joint venture (JV) between Brunei’s Serikandi Oilfield Services and Hilong Group’s Hong Kong-based affiliate Hilong Marine Engineering,…
International
Saipem and Subsea7 propose merger to form Saipem7
The combined entity will have a backlog of €43bn, annual revenue of approximately €20bn, and EBITDA of over €2bn Italian…
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