Oil & Gas News

Subsea7 has confirmed the award of three contracts by Aker BP; a major1 contract for Yggdrasil field development project (formerly NOAKA), a large2 contract for Skarv Satellite Project and a substantial3 contract for Valhall PWP-Fenris project, all located offshore Norway.

A review of the floating production system (FPS) market has revealed that some E&Ps have been bold with investments in the development of their oil and gas (O&G) reserves, with a total of 1.9 mmboepd (1.3 mmbpd of oil and 3.8 bcfd of gas) FPS throughput capacity sanctioned year to date (YTD).

Transocean Ltd announces awards for its ultra-deepwater drillships, Deepwater Corcovado and Deepwater Orion, for work offshore Brazil with a national oil company. Together the two contracts represent approximately $1.04 billion in firm backlog.

ChampionX Corporation, a global leader in chemistry programs and services, artificial lift solutions, automation and optimization equipment, and drilling technologies for the upstream and midstream oil and gas industry, today announced it was named ExxonMobil’s 2022 “Supplier of the Year.”

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