McDermott International has been awarded a significant contract by TotalEnergies EP Angola Block 17/06 for engineering, procurement, supply, construction, installation, pre-commissioning and assistance to commissioning and start-up (EPSCI) on its Begonia Project. The Begonia field is located offshore Angola in water depth between 400 to 750 meters.

TechnipFMC has been awarded a significant⁽¹⁾ engineering, procurement, construction and installation (EPCI) contract by TotalEnergies for its Lapa North East field in the pre-salt Santos Basin offshore Brazil.

The Department of the Interior has announced a new proposed rule to ensure offshore oil and gas operations on the Outer Continental Shelf are conducted with the utmost safety and oversight standards.

Designed to serve customers and users across the globe, Trelleborg Marine and Infrastructure unveils its all-new virtual interactive LNG Solutions Explorer platform.

Norwegian technology supplier Vissim to develop an expanded digital platform for future oil spill monitoring and detection system on the Norwegian continental shelf.

Global completions specialist Tendeka has signed a new multi-year contract extension to exclusively deliver standardized sand-face completion equipment across all Equinor’s assets on the Norwegian Continental Shelf (NCS).

Searcher Seismic, a leading provider of global multi-client geoscience data, announces the approval by the Government of the Republic of Trinidad and Tobago of Searcher’s 6,500 km² Tobago Trough 3D acquisition project.

Global oil and gas exploration is set to falter this year as the number of licensed blocks and total acreage fall to near all-time lows as the sector struggles to shake off the effects of the Covid-19 pandemic and the ensuing oil market crash, Rystad Energy research shows.

TotalEnergies has approved the final investment decision for the Fenix gas development, located 60 km off the coast of Tierra del Fuego in southern Argentina.

Through its Total Austral affiliate, TotalEnergies operates the project with a 37.5% interest, in partnership with WintershallDea (37.5%) and Pan American Sur (25%).

The Fenix field will be developed through three horizontal wells, drilled from a new unmanned platform in 70 meters water depth. The gas will be transported through a 35km pipeline to the TotalEnergies-operated Véga Pleyade platform and treated onshore at the Rio Cullen and Cañadon Alfa plants, also operated by the Company. At production start-up, expected early 2025, Fenix will produce10 million cubic meters per day of natural gas (70,000 barrels of oil equivalent per day). This development represents an investment of approximately $706 million.

“This latest development demonstrates TotalEnergies' ability to leverage its hydrocarbon portfolio with projects that have low technical costs and low emissions, that can be brought onstream fast by harnessing synergies with existing facilities," said David Mendelson, Senior Vice President, Americas at TotalEnergies Exploration & Production. “With first gas less than two and a half years from FID, the Fenix project will contribute to maintaining our production levels in Tierra del Fuego and securing supply to the Argentinean gas market. With a carbon intensity of 9 kgCO2/boe, the project will benefit from the Company’s technologies in lowering the carbon intensity, such as the installation of wind farms and heat recovery systems.”

On April 18, 2022, the national authorities granted the CMA-1 concession, including Fenix, an extension for 10 years until April 30,2041. As a new gas project in Tierra del Fuego, the national authorities also granted Fenix the benefits provided for under Law 19640’s special tax regime.

In compliance with congressional direction in the Inflation Reduction Act, the Bureau of Ocean Energy Management (BOEM) has accepted 307 highest valid bids from Lease Sale 257 in the Gulf of Mexico, totaling $189,888,271. BOEM originally held the lease sale in November 2021; a federal judge invalidated the results in February of this year.

On 25 May 2022, Equinor announced its exit from the four joint ventures with Rosneft as well as the signing of an agreement to leave the Kharyaga project. Equinor can now confirm that the full exit from Kharyaga has also been completed.

The Prime Minister of Guyana, Mark Phillips, has officially opened the 3t EnerMech Guyana Training Centre of Excellence, on Friday, 2nd September 2022.

His Excellency Dr. Sultan Ahmed Al Jaber, UAE Minister of Industry and Advanced Technology and Abu Dhabi National Oil Company (ADNOC) Managing Director and Group CEO, and Claudio Descalzi, Eni's Chief Executive Officer, met in Abu Dhabi to discuss the progress of the company’s activities in the Emirate of Abu Dhabi, future projects and areas of common interest and collaboration, with the aim to accelerate the existing development project and the time-to-market of new exploration discoveries and international activities, in line with the common decarbonization strategy and with the purpose to contribute to increasing worldwide gas supply.

Hexagon | VERIPOS is proud to introduce version 7 of its Quantum software incorporating GNSS Resilience and Integrity Technology (GRIT) firmware from Hexagon’s Autonomy & Positioning division to enhance resistance to interference, jamming and spoofing threats.

Eni announces that it has agreed to acquire BP business in Algeria, including the two gas-producing concessions “In Amenas” and “In Salah” (45.89% and 33.15% working interest respectively).

Transocean Ltd. announces that the ultra-deepwater drillship, Deepwater Asgard, received two contract awards in the U.S. Gulf of Mexico for a total of approximately 14 months of work, adding $181 million in firm backlog.