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EnerMech secures over USD 1 million in new awards

February 11, 2022
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EnerMech has secured over (USD) $100m of pre-commissioning and new pipeline contract awards, following a (USD) $30m equipment investment program across its global locations, to support its continued growth in these sectors. This targeted investment represents a significant expansion to its specialist equipment fleet of compressors, air dryers, booster compressors, nitrogen tanks, nitrogen membrane units, downlines and fluid pumps, expanding its

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Maersk Drilling issues fleet status report with a backlog of USD 1.9 billion

February 11, 2022
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Maersk released an updated fleet status report and below are the details: Commercial activity in Q4 2021 Maersk Resolve: INEOS Oil and Gas UK has declared options for 33 days to the existing contract for Maersk Resolve, in direct continuation to the existing contract scope. Maersk Inspirer: Maersk Drilling has on October 28, 2021, successfully closed the previously announced

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ADNOC publishes financial results for 2021

February 11, 2022
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ADNOC Drilling reported a rise of 6.1% in 2021 net profit, with revenues boosted by its onshore and oilfield services businesses. Net profit for 2021 was $603.9 million, up from $569 million in the year-earlier period. Revenues increased to $2.27 billion in 2021 from $2.10 billion in 2020. In a regulatory filing, the company said the revenue increase was fuelled

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Maersk Drilling releases 2021 financial results

February 11, 2022
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Maersk Drilling releases Annual Report for 2021: Bolstering financial position on the back of strong performance and strategic divestments Financial performance for 2021 (2020 in brackets)  Revenue of USD 1,267m (USD 1,096m)  EBITDA before special items of USD 346m (USD 289m)  Cash flow from operating activities of USD 315m (USD 267m)  Capital expenditures of USD 102m (USD 162m)  Free cash flow of USD

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Eni UK gathers 19 MoUs for HyNet CCU project

February 10, 2022
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Eni UK has reached a total of 19 MoUs signed with as many companies interested in the opportunity to have their emissions captured, transported and stored in Eni UK’s depleted hydrocarbon reservoirs as part of HyNet North West project. In January 2022 alone, Eni UK has signed 6 of these agreements, demonstrating the outstanding interest that UK industry has shown for the

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Gambia announces 2022 licensing round

February 10, 2022
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Gambia's Ministry of Petroleum and Energy has announced the launch of the 2022 Licensing Round for Block A1. Prospective bidders are invited to download the Request for Proposal (RFP) which has been published on the Ministry's website at https://www.mope.gm/downloads. To be eligible to participate in the RFP, Bidders are required to register their interest with the Petroleum Commission by sending a completed Form

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API files notice of appeal against recent GOM lease sale ruling

February 10, 2022
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The American Petroleum Institute (API) has filed a notice of appeal with the U.S. Court of Appeals for the D.C. Circuit of the decision by the D.C. District Court invalidating the results of the only federal lease sale for natural gas and oil held in 2021. The sale generated $198,511,834 in total bids, and the revenues received are directed to the

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Aker BP gets the go ahead for Kobra and Gekko development plans

February 10, 2022
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The Norwegian Ministry of Petroleum and Energy has approved the Plan for development and operation (PDO) for Kobra East & Gekko (KEG) in the Alvheim area. The Operator Aker BP and licence partners ConocoPhillips Skandinavia and Lundin Energy Norway submitted the PDO to the Ministry in June last year. The KEG development will contribute to extend the lifetime of the Alvheim field, improve production and reduce unit costs. Total

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TotalEnergies backs out of North Platte GOM project

February 10, 2022
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TotalEnergies announced its decision not to sanction and so to withdraw from the North Platte deepwater project in the US Gulf of Mexico.  The decision not to continue with the project was taken as the Company has better opportunities of allocation of its capital within its global portfolio.   TotalEnergies who held a 60% operated interest in North Platte,

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