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Month: September 2021

Seadrill top of the pack for Petrobras MPD contract

September 24, 2021
| Archives

According to Esgian, an Oslo based company that provides analytical tools for the energy industry, noted that Petrobras declared Seadrill the winning company for Lot 1, unit with MPD, as the Norwegian drilling contractor offered in West Tellus and West carina at the most competitive rates. The tender was issued earlier this year and was for the

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Petromaint lands technical services agreement with Petrogas Egypt

September 22, 2021
| Archives

Alexandria Petroleum Maintenance Co. (Petromaint) has announced the signing of a technical services agreement with Petroleum Gas Company (Petrogas) which will see the pair cooperate on new projects in the Egyptian oil and gas sector. The agreement was signed during a meeting held between the two high-level executives of the companies: Petromaint’s Chairman & Managing Director Ahmed Fouad

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Petrofac lands multi-million dollar gig in Bahrain

September 22, 2021
| Archives

Petrofac has been awarded a new multi-million dollar contract by Tatweer Petroleum to support their gas distribution network project in Bahrain. The Engineering, Procurement, Construction, and Commissioning (EPCC) scope of work includes high pressure gas pipelines and fibre optic cabling. The underground pipelines will run through sections onshore and offshore below the seabed in support of gas supply to the Kingdom

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Aberdeen’s isol8 receives substantial investment from BGF

September 22, 2021
| Archives

Aberdeen-based oil and gas services firm isol8 has received a £3.5m investment from BGF to support its long-term growth plans, including doubling staff numbers during the next 12 months. The funding will also be used to develop its zero-emissions product portfolio and expand services into the wellbore construction sector. The company's wellbore barrier technology supports the UK Government’s ambition

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ADNOC boosts size of drilling unit IPO to $1.1 billion

September 22, 2021
| Archives

State oil giant Abu Dhabi National Oil Co (ADNOC) has increased to 11% of share capital the size of the initial public offering (IPO) of its drilling unit, ADNOC Drilling, because of oversubscription, the firm said on Wednesday. ADNOC had previously targeted a minimum stake of 7.5% in the IPO of ADNOC Drilling, at 2.3 dirhams ($0.6262) per

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Shell awards Subsea 7 with contract offshore Norway

September 21, 2021
| Archives

Subsea 7 has announced the award of a sizeable(1) contract by OneSubsea®, the subsea technologies, production and processing systems division of Schlumberger, for a project at the Ormen Lange field operated by Shell in the Norwegian Sea. Subsea 7’s scope includes the engineering, procurement, construction, and installation of the subsea flowline system as well as the installation of OneSubsea’s multiphase compression system. The contract award follows

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Oil States Brazil awarded 3 year contract from Petrobras

September 21, 2021
| Archives

Oil States Brasil enters into a new contract with Petrobras for the maintenance and operation of dual bore completion risers, including accessories and peripherals such as elevator, spider, torque wrench, boxes, handling and test tools, adapters, pins, test caps, among others. The contract, which will last for 3 years, will all be performed in Brazil, with local engineering

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Shell exits the permian with $9.5 billion cash sell to ConocoPhillips

September 21, 2021
| Archives

Royal Dutch Shell said it would sell its Permian Basin assets to ConocoPhillips for $9.5 billion in cash, an exit from the largest U.S. oilfield for the energy major shifting its focus to the clean energy transition. For ConocoPhillips, it is the second sizable acquisition in a year in the heart of the U.S. shale industry, as American and European

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Lhyfe partners with Borr and Aquaterra on converted jackup hydrogen project

September 21, 2021
| Archives

Renewable hydrogen producer Lhyfe is partnering with offshore contractor Borr Drilling and offshore equipment supplier Aquaterra to develop a concept for green hydrogen production in the North Sea. Project Haldane will develop an industrial scale offshore green hydrogen production concept, through the deployment of an electrolyser system on a converted jack-up rig. The “unique, flexible solution” will provide an

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Valaris awarded new jackup contracts

September 21, 2021
| Archives

Valaris Limited announced that it has been awarded a contract with TAQA offshore the Netherlands for VALARIS JU-123, a heavy-duty harsh environment jackup. The contract is expected to commence in the fourth quarter of 2021 with an estimated minimum duration of 60 days. The contract is for the preparation of a wellbore for the Porthos CO2 transport and storage

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