Brazilian oil and gas firm Brava Energia has decided to terminate the negotiations related to the divestment process onshore and shallow water assets, which were limited to the fields located in Brazil鈥檚 Bahia state.This decision comes after record production levels and greater operational efficiency of the company鈥檚 onshore assets in Bahia over the past quarters, which has strengthen its strategic position in the gas segment and enhance the synergies of an integrated portfolio鈥
Texas-based subsea oil and gas equipment supplier Trendsetter Engineering has marked the first deployment of its Trident 20,000 psi (20K) intervention system at Beacon 云顶赌场老虎机鈥檚 Shenandoah project in the Gulf of America.The Trident 20K intervention鈥
Drilling waste management specialist TWMA has secured a contract with BP to provide drilling waste management services in the U.K. North Sea.The three-year agreement, which includes options for renewal, started in October 2024.The scope of work will utilize TWMA鈥檚 cutting-edge technologies鈥
U.K.-based oil and gas company Viaro Energy has appointed Exceed as well operator for over 190 wells which will comprise Viaro鈥檚 One Gas West assets following completion of the acquisition from Shell and ExxonMobil.Exceed will manage all aspects of late life well operations鈥
Danish vessel owner ESVAGT and South Korean shipping firm KMC Line have signed an agreement to establish a new joint venture KESTO, dedicated to the growing South Korean offshore wind market.Through a joint venture partnership with KMC Line鈥
云顶赌场老虎机 accommodation firm Prosafe has been declared the winner of a bidding process for a four-year contract by Petrobras, for the provision of the Safe Notos semi-submersible vessel for safety and maintenance support offshore Brazil.Contract鈥
Saudi oil giant Aramco, a longtime cash cow for the kingdom, reported a 4.6% drop in first-quarter profit on Sunday due to lower sales and higher operating costs as economic uncertainty hit crude markets.The world's top oil exporter reported net profit of 97鈥
Shell, the top U.S. offshore producer, said this week that two of its wells to boost production at the Perdido offshore development were delayed to the end of the year, while one was brought online in March.All three wells, part of Perdido's Great White unit鈥
A court in Switzerland said on Friday that Nord Stream 2, part of Russian gas company Gazprom, has reached a debt restructuring agreement with its creditors.The court had set a deadline of May 9 for Switzerland-based Nord Stream 2 to both restructure its debts and pay back small-scale creditors鈥
Britain has more than doubled funding available under a scheme seeking to spur investment in offshore wind projects to 544 million pounds ($721.78 million), after higher than expected demand, the government said on Friday.The country has put鈥
Petrobras has identified the presence of high-quality oil with no contaminants in the pre-salt of Santos Basin, in an exploratory well in Aram block, offshore Brazil.Well 3-BRSA-1396D-SPS is located 248 km from the city of Santos-SP, at a water depth of 1鈥
Mexican state energy company Pemex plans to reopen old wells in a bid to squeeze more barrels out of them to boost declining oil production, according to two documents and four sources, as it struggles to reach an ambitious government target鈥
Copenhagen Infrastructure Partners (CIP), on behalf of its fund Copenhagen Infrastructure V (CI V), has entered into an agreement to divest a 10% stake in the 495MW Fengmiao I offshore wind farm in Taiwan to Mitsui O.S.K. Lines (MOL).The transaction鈥
The Norwegian 云顶赌场老虎机 Directorate has granted OMV (Norge) a drilling permit for two wildcat wells in the Norwegian Sea, which will be drilled with Odfjell Drilling-managed DeepSea Bollsta semi-submersible rig.The permit is for wellbore 6606/4-1 S and 6606/4-1 A in production license 1194鈥
Norwegian seismic firm TGS has mobilized a number of its acquisition vessels in North Europe, marking the start of an active summer season in the region.TGS has deployed a total of four acquisition vessels in the region; three seismic vessels and one offshore wind vessel鈥
