Oil & Gas News

Diamond Offshore Drilling, Inc. announced that it has executed a two-year contract extension with a subsidiary of bp in the US Gulf of Mexico for the Ocean BlackHornet, commencing in February 2025. This is in direct continuation of the rig’s current contract. This contract extension represents approximately $350 million dollars of additional backlog.

QatarEnergy has announced that it is proceeding with a new LNG expansion project, the “North Field West” project, to further raise the State of Qatar’s LNG production capacity to 142 million tons per annum (MTPA) before the end of this decade, representing an increase of almost 85% from current production levels.

Helix Energy Solutions Group, Inc. announces a five-year joint framework agreement with Talos Energy Inc. in which Talos has agreed to provide Helix the first right of refusal regarding specific annual work scopes for Talos’s decommissioning requirements in the US Gulf of Mexico. The agreement includes a base pricing structure and processes for determining and scheduling specific projects Talos requires. Work is expected to commence in the second quarter of 2024.

In the occasion of the first shipment of LNG from the Republic of the Congo, the President of the Republic of the Congo Denis Sassou-N'Guesso, the Chairman of the Board of Directors of Eni Giuseppe Zafarana, and the CEO of Eni Claudio Descalzi celebrated the successful start-up of LNG production in the country. With the first cargo, the Republic of the Congo enters the group of LNG exporting countries, opening up opportunities for economic growth while contributing to global energy balance.

Sembcorp Industries (Sembcorp) announces that its wholly-owned subsidiary, Sembcorp Fuels (Singapore) Pte Ltd, has signed a Sale and Purchase Agreement (SPA) with TotalEnergies Gas & Power Asia Private Limited to import up to 0.8 million tons of liquefied natural gas (LNG) per annum. Delivery is expected to commence from 2027 for a tenure of 16 years. This SPA is in addition to the current LNG purchase agreement that runs between the two companies until 2029.

Helix Energy Solutions Group, Inc. has secured a deepwater well intervention contract award by Esso Exploration and Production Nigeria (Deepwater) Ltd.(“Esso”). The project, located offshore Nigeria in the Erha and Usan fields, is expected to commence in September 2024 with the vessel expected to be in Nigeria into 2025. The fields are located approximately 97 km offshore of Nigeria in water depths ranging from 700 m to 1,500 m.

Castrol, one of the world’s leading lubricant brands, has launched Transaqua™ SP-HC, a new hydraulic control fluid under its Transaqua range. The fluid has been formulated for use as the control fluid in subsea production control systems, delivering all-round subsea production system protection.

SAF™ 3007 is the latest addition to the growing duplex family of Alleima, a super-duplex stainless steel grade developed for subsea umbilicals. The new tube offers a safe, lighter, stronger and more efficient alternative to SAF 2507, the current standard. With superior strength, fatigue properties and excellent corrosion resistance, SAF 3007 delivers superior performance in harsh deepwater environments.

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