Acoustic Data, a global leader in wireless well technology, has developed a new slickline deployed high expansion retainer for cement and metal alloy plug and abandonment (P&A) applications. In the case of new-generation metal alloy plugs, the HEX-Retainer™ can be integrated with the company’s SonicGauge™ Plug Verification System (PVS) for real-time long-term barrier integrity monitoring purposes.

The Board of Seadrill Limited has announced the appointment of Stuart Jackson as Chief Executive Officer.

Crude Oil:

The global oil and gas market demand for large-diameter offshore pipeline, known as trunkline, is set for an annual drop of 26% this year, with the size of total installations forecasted to reach 2,150 kilometers (km), a Rystad Energy analysis shows. This downturn’s impact on trunkline demand is, however, lighter than that of 2016, and recovery is likely to be swift, led by projects in the Middle East.

TechnipFMC has been awarded a large⁽¹⁾ contract by Exxon Mobil Corporation (subsidiary Esso Exploration and Production Guyana Limited (“EEPGL”) for the subsea system for the proposed Payara project.

Bourbon Mobility is working on a pioneering project in Angola to set up new Subsea 7 personnel logistics on the Zinia 2 project, Block 17.

Gibbs & Cox will support their partner, Halter Marine, on the recent auxiliary general ocean surveillance ship (T-AGOS(X)) industry study award. With the detail design and construction contract award expected in 2022, we are excited to begin laying the foundation for the anticipated delivery of the first vessel in 2025.

Baker Hughes has announced the successful launch of Terminator, its vessel-deployed subsea wellhead cutting system. Using a first-of-its-kind mechanical wellhead removal method, the Terminator system has already proven its capabilities by successfully cutting a subsea wellhead from an abandoned exploration well owned by Wintershall DEA in Norway.

SBM Offshore announces that Esso Exploration and Production Guyana Limited (EEPGL), an affiliate of Exxon Mobil Corporation, has confirmed the award of contracts for the next phase of the Payara development project located in the Stabroek block in Guyana.

Prime Minister Erna Solberg and Kværner apprentice Arne Linga started construction of Hywind Tampen, a floating offshore wind farm, at Kværner Stord. The technology project opens up new opportunities for Norwegian industry.

Kongsberg Digital announces the signing of a contract to deliver an Advanced Navigation Research Simulator (ANRS) to the newly-established Centre of Excellence in Maritime Safety, CEMS, in Singapore.

CGG GeoSoftware has launched WellPath, a new interactive 3D well path planning solution for optimal well planning in unconventional and fractured reservoirs and offshore development platforms, as part of its InsightEarth® 3D visualization and interpretation software suite.

Hess  announced it has made a final investment decision to proceed with development of the Payara Field offshore Guyana after the development plan received approval from the government of Guyana. Payara is the third oil development on the Stabroek Block; gross production capacity from the three developments is expected to reach approximately 560,000 barrels of oil per day in 2024.

Two leading energy industry entrepreneurs have launched a family investment company which will support fledgling technology enterprises with development capital and decades of experience gained building international businesses.

Gyro stabilization technology company Smartgyro is introducing the SG40 and SG80, two sophisticated gyroscopic stabilizers offering unique performance and maintenance benefits to boat owners and boatbuilders.

Nexans has signed a contract with Subsea 7 to design and manufacture 46 km of umbilicals for the Sangomar field, offshore Senegal.