Aberdeenshire headquartered integrated services provider, AquaTerra Group, has announced four significant decommissioning contract wins totaling a seven-figure sum. These latest projects represent a notable increase in AquaTerra’s roster of decommissioning projects between 2023 and 2025.

TechnipFMC has been awarded a significant integrated Engineering, Procurement, Construction, and Installation (iEPCI™) contract by Woodside Energy in Australia.

Norwegian Diving Contractor, SubseaPartner, has won offshore work at the Goliat and Balder fields on the Norwegian Continental Shelf (NCS). The contracts have been awarded by Vår Energi under the existing frame agreement for offshore contingency and diving intervention services.

James Fisher Decommissioning, part of James Fisher and Sons plc, extended its contract with a major offshore engineering, preparations, removal, and disposal (EPRD) operator, making the project the largest to date for the offshore decommissioning specialist. The multi-million-pound offshore decommissioning project utilized real time cutting verification technology to remove 25 dormant gas platforms in support of the client’s wider asset end-of-life campaign.

Renewable energy industry supplier Ocean Geophysics has introduced a solution to recycle and reprocess freely available seismic data, which can help developers reduce cost and risk when deciding which wind farms to bid for or not.

QatarEnergy has signed a farm-in agreement with ExxonMobil to acquire a 40% participating interest in two exploration blocks offshore Egypt.

The production start is some weeks ahead of plan—“a result of great dedication, efficiency and collaboration”, according to Rune Oldervoll, SVP Production in Vår Energi.

Seadrill Limited announces contract awards for two drillships.

Odfjell Technology, a leading provider of drilling and well services, 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.

Equinor and Petoro have entered into a value-neutral asset swap agreement in the Haltenbanken area.

Subsea 7 S.A. has been awarded a large¹ contract by Turkish Petroleum Offshore Technology Center AS (TP-OTC) relating to the Sakarya field development in the Black Sea, offshore Türkiye. The award will be booked in backlog in Q2 2024.

Odfjell Technology, an integrated supplier of well services technology and engineering solutions, has been awarded three well services contracts in Malaysia, marking a significant milestone in the company’s position in the Asia Pacific region.

PETRONAS E&P Bobara Sdn. Bhd., a subsidiary of PETRONAS, has signed a Production Sharing Contract (PSC) for the Bobara Working Area located at the offshore of West Papua, Eastern Indonesia. PETRONAS has been awarded the Bobara Working Area with a total acreage of 8,444.49 square kilometers during the third round of Indonesia Petroleum Bid Round 2023.

CGG, in association with Côte d’Ivoire's Direction Générale des Hydrocarbures (DGH) and PETROCI Holding (PETROCI), has announced two new multi-client 3D reimaging programs, CDI24 Phase I (3,120 km²) and Phase II (6,610 km²). Both projects are supported by the industry, with Phase I commencing immediately and Phase II planned for H1 2025.

Mermaid Maritime Public Company Limited (“Mermaid”) announces that its joint- venture company formed between Mermaid and a local offshore services operator has secured a one-year contract extension for offshore inspection, repair and maintenance services with a national upstream oil and gas company in direct continuation to its current contract, which commenced in 2012. Mermaid will continue to provide a suite of diving services using its DP2 saturation dive support vessel “Mermaid Asiana” along with remotely operated vehicles, specialized diving equipment and divers. Mermaid’s joint venture partner, a reputable offshore and marine services company, will provide other offshore vessel related services and logistics.

Digital twins are digital representations of physical assets, systems, people, or processes. They help detect, prevent, predict, and optimize the physical environment using artificial intelligence (AI), real-time analytics, visualization, and simulation tools. In case of oil and gas, digital twins can support the entire project lifecycle from the project design to commissioning. It can also help in overseeing the asset performance during operations and aid in personnel training, says GlobalData, a leading data and analytics company.