Oil & Gas News

On April 5, 2022, three companies were offered exploration licenses to store CO2 in two areas on the Norwegian Continental Shelf. One area in the North Sea and one in the Barents Sea were announced in September last year, and the authorities have assessed applications from five companies.

Prosafe has been declared the winner of a bidding process for a four-year contract by Petróleo Brasileiro SA (‘Petrobras’) for the provision of the Safe Notos semi-submersible vessel for safety and maintenance support offshore Brazil.

Intelligent Wellhead Systems Inc. (IWS), a leading supplier of digital technologies that improve oil and gas well completion operations, has announced that Bill Henn and Rip Stringer have joined the IWS team to help the industry accelerate the adoption of digital completion technologies. Henn and Stringer report to William Standifird, IWS CEO.

A decommissioning project carried out by DOF Subsea, on behalf of Repsol Sinopec Resources UK, to project manage and provide Engineering, Preparation, Removal and Disposal (EPRD) services at the Buchan and Hannay fields in the Central North Sea, has achieved a 99% rate for the combined recycling and repurposing of recovered materials.

Maersk Drilling has been awarded contracts which will see the harsh environment jack-up rig Maersk Resolute employed to plug and abandon a total of 31 wells in the Dutch sector of the North Sea in support of a rig sharing agreement between TotalEnergies EP Nederland B.V. and Petrogas E&P Netherlands B.V.

Equinor, which is the operator of production license 293 B, has discovered oil and gas close to the Troll and Fram area. Based on preliminary estimates the size of the discovery is between 4 and 8 million standard cubic meters of recoverable oil equivalent, or 25-50 million barrels of recoverable oil equivalent.

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