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.

Baker Hughes, an energy technology company, announced a significant contract award from Petrobras for integrated well construction services in the Buzios field, offshore Brazil.

AGR has signed a contract extension with Equinor for the provision of blowout and well control studies on the Norwegian continental shelf (NCS).

TDI-Brooks, as a subcontractor of Drebbel de Mexico out of Cd. del Carmen, successfully and safely completed a geotechnical coring campaign. TDI-Brooks deployed its geotechnical coring tools and operators on the Laguana Azul. A total of one-hundred fifty-eight (158) gravity CPT’s (gCPT´s) and eight (8) T-Bar´s in three (3) pipeline corridors was performed.

Baker Hughes announced on February 21, a significant contract award from Petrobras for integrated well construction services in the Buzios field, offshore Brazil.

Enhanced Drilling is pleased to announce a new contract with Equinor. The five-year frame agreement includes the usage of all Enhanced Drilling technologies: CTS, RMR^®, MPC^®, EC-Drill^®, and EC-Drill^® Dual MPD.

Mermaid Subsea Services (UK) is pleased to announce the signing of a Memorandum of Understanding (MoU) with EnergyPathways and MCS Group, through its UK subsidiary MCS Subsea Solutions, to advance the development of the Marram field.

The floating liquefied natural gas (FLNG) vessel that is a core component of the Greater Tortue Ahmeyim (GTA) LNG project has arrived at its destination on the Mauritania and Senegal maritime border.

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.

KCA Deutag, a leading drilling, engineering, and technology partner, has secured a two-year contract extension for the provision of offshore drilling and maintenance services on the Ringhorne platform in the Norwegian North Sea from operator Vår Energi.

Leading material management and logistics provider ASCO has secured a five-year contract with bp Trinidad and Tobago (bpTT).

TechnipFMC has been awarded a substantial contract by Shell plc for the first integrated Engineering, Procurement, Construction, and Installation (iEPCI™) project to use high-pressure subsea production systems rated up to 20,000 psi (20K).

Dril-Quip, Inc. (Dril-Quip), a global leader in offshore drilling solutions, has been chosen to supply the subsea wellhead systems for the Woodside Trion development offshore Mexico.

Pioneering Spirit has completed the infield pipelay scope for BP’s ultra-deepwater GTA liquified natural gas project offshore Mauritania and Senegal. Two months after arriving in the field, production crew welded, scanned and field joint coated the final piece of pipe for the second 16-inch export gas line.

Global jackup marketed utilization has been on an upward trajectory since 2017 and reached its peak of 94% at the end of 2023. The North Sea jackup market has also improved year-on-year since 2017, except for a blip in 2020 when the pandemic kicked in, however booming demand isn’t the main driver behind this but instead a shrinking fleet.

2023 was a year of recovery in the wake of the Ukraine conflict and subsequent impact on energy prices. Norway continues to play a vital role in contributing to Europe’s energy security and saw a record volume of project approvals and planned investment.