The energy transition continues to gain steam, with oil demand projected to peak in this decade, perhaps as soon as 2025, according to new research by leading global consultancy, McKinsey & Company.

MacDermid Offshore Solutions (MacDermid), a leading provider of high-performance and environmentally-friendly products for the offshore oil and gas industry, has expanded its product line with the release of Erifon THF 32.

Crude Oil:

Maersk Drilling has entered into an agreement with ADES to sell the benign environment jack-up rig Maersk Convincer for USD 42.5m in an all-cash transaction.

Equinor and Applied Petroleum Technology (APT) have joined forces in a R&D project that aims to replace costly downhole sampling and logging with more cost-efficient solutions.

C-Innovation, LLC (C-I), an affiliate of Edison Chouest Offshore (ECO) and its family of companies, has announced that C-Survey (C-S), an internal division of C-I, has brought its remote survey operations to the Gulf of Mexico for the first time.

Peloton, the global leader in software solutions for the E&P industry, announces that Chevron, the second-largest oil company in the U.S., has licensed Peloton's cloud-based Peloton Platform solution for Well Data Management.

Petrobras, the operator, and Equinor successfully started production from the first two wells of the increased oil recovery (IOR) project at Roncador. This represents an important milestone in the development of the field, increasing recovery rates, adding valuable production and demonstrating the potential to leverage new technology.

VAALCO Energy Inc. has successfully completed the Avouma 3H-ST development well that was drilled from the Avouma platform in the Etame field, offshore Gabon.

The second phase of a decommissioning project is underway at Lerwick with the arrival on Friday, 22 April, l 2022, at the deep-water Shetland port of the Ninian Northern production platform jacket from the northern North Sea.

By Mark Bruce, Product Owner for Next Generation ROV Systems

TechnipFMC has been awarded a significant⁽¹⁾ integrated Engineering, Procurement, Construction, and Installation (iEPCI™) contract by Wintershall Dea Norge AS for its Maria revitalization project.

Seadrill Limited (“Seadrill”) announces a new contract has been secured by Sonadrill Holding Ltd (“Sonadrill”), Seadrill’s 50:50 joint venture with an affiliate of Sonangol E.P. (“Sonangol”). Sonadrill has secured a ten-well contract with options for up to eight additional wells in Angola for the West Gemini drillship.

Crude Oil

The authorities have granted Aker BP consent to start up the Hod B facility in the North Sea.

Lime Petroleum AS (“Lime”) is pleased to announce that it has on 14 April 2022, signed an agreement with MOL Norge AS (“MOL Norge”) to acquire the latter’s 40 per cent interests in licences PL820 S and PL 820 SB in the North Sea. The transfer of the interests is pending regulatory approval.