Decommissioning North Sea oil and gas facilities is projected to cost £40.6 billion ($66.3 billion) over the next 25 years in the North Sea, Oil & Gas UK says.
Offshore drilling contractor Transocean Ltd has secured new rig contracts worth roughly $115 million.
Malaysia’s Petronas this week started the lifting of the first topside module for its floating liquefied natural gas (PFLNG1) facility at the Quayside of Daewoo Shipbuilding and Marine Engineering (DSME) shipyard in Okpo, South Korea.
An unnamed Singaporean company has ordered an offshore accommodation unit from the China-based COSCO (Qidong) Offshore.
ExxonMobil and Rosneft are still drilling at the University-1 well in the Kara Sea, off the Russian northern coast, contrary to the reports that the operations have been halted due to the U.S. sanctions imposed against Russia.
The Board of Directors of Italy’s Saipem has appointed as Director Francesco Gattei replacing Fabrizio Barbieri, who resigned in August.
Maersk Drilling’s fourth ultra deepwater drillship was named Thursday morning in a ceremony held at the Samsung Heavy Industries (SHI) shipyard in Geoje-Si, South Korea.
ExxonMobil has confirmed it will stop its drilling operations in the Kara Sea, offshore Russia, to comply with the sanctions imposed against Russia by the U.S. Treasury Department.