Equinor UK Limited has signed an agreement to acquire Suncor Energy UK Limited for a total consideration of USD 850 million.

Vår Energi ASA confirms discovery of oil in the operated 7122/8-1S Countach well in production licence PL229 (Goliat), northwest of Hammerfest, including updated volume estimates. The well was drilled in one of the segments that form the Countach prospect.

Baker Hughes, an energy technology company, has been awarded a major contract to provide subsea equipment and services by Azule Energy for work in the Agogo oilfield, offshore Angola. This award represents the first major new greenfield project awarded in offshore Angola in more than five years.

Optime Subsea signs a long-term framework agreement with Wintershall Dea regarding rental of the technology company’s remote-controlled subsea well completion and intervention systems. 

The work to develop Greece’s first Floating Storage Regasification Unit (FSRU) commenced recently at the Keppel shipyard in Singapore with the conversion of GasLog’s DNV classed LNGC Gaslog Chelsea, recently renamed as Alexandroupoli.

Equinor has signed an agreement to acquire equity interest in five discoveries in the Troll, Fram and Kvitebjørn area in the North Sea on the Norwegian continental shelf (NCS) from Wellesley Petroleum AS. Since 2019, Equinor has made seven discoveries in this area.

Azule Energy, via its wholly owned subsidiary Eni Angola SPA (Eni), together with its Partners in the Block 15/06, Sonangol P&P and SSI Fifteen Limited, are pleased to announce the award of the main contracts for the development of the Agogo Integrated West Hub Development Project, one of the major upstream projects being developed in the coming years in Angola.

2022 was a turbulent year for the oil and gas industry that was dominated by the invasion of Russia on Ukraine. This had an immediate effect on the global economy and markets, with commodity prices soaring to record highs and energy security becoming the focus for most countries across Europe.

From 2014 to 2018, during the deepest period of the rig market downturn, there was a yearly average of 43 rigs – jackups, semisubmersibles (semis) and drillships – permanently removed from the active fleet, mostly through scrapping or conversion for non-drilling purposes.

Aker Solutions has been awarded a sizeable^[1] contract by Eni Angola S.p.A. – Sucursal de Angola, a subsidiary of Azule Energy Holdings Limited ("Azule Energy ”), to provide the dynamic and static subsea umbilicals for the Agogo field development located offshore Angola in the West Hub Area of Block 15/06.

Subsea 7 S.A. announces a sizeable¹ award by Petrobras for a pipelay support vessel (PLSV) offshore Brazil. The agreement extends an existing contract for Seven Cruzeiro from February until November 2023. 

Koil Energy Solutions, Inc., an international specialist in subsea energy equipment and services, announces the receipt of an order to provide services for an LNG project in the Gulf of Mexico.

Specialist drilling waste management company, TWMA, has secured a seven-figure contract with a major North Sea oil and gas operator.

bp and partners have confirmed the development concept for the second phase of the bp-operated Greater Tortue Ahmeyim (GTA) liquefied natural gas (LNG) project that they will take forward to the next stage of evaluation.

As required by the Inflation Reduction Act of 2022 (IRA), the Bureau of Ocean Energy Management (BOEM) has announced it will hold an oil and gas lease sale in the Gulf of Mexico on March 29, 2023.

C-Kore Systems launched a new product, the Topside Wireless Modem at the Subsea Expo Exhibition in Aberdeen. This latest product completes their line of test tools to now offer a complete solution for Umbilical Installation Monitoring.