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Southeast Asian infill drilling campaign ups oil production ante

Canada-based Valeura Energy, an oil and gas company, has achieved an oil production boost thanks to its infill drilling program at an oil field off the coast of Thailand, Southeast Asia. The post Southeast Asian infill drilling campaign ups oil production ante appeared first on Offshore Energy.

New rig job bolsters Axess’ relationship with Noble

Norway-headquartered asset integrity management company Axess Group has secured a new drillship assignment, which builds on its existing relationship with the U.S.-based offshore drilling player Noble Corporation in the Southeast Asia (SEA) region. The post New rig job bolsters Axess’ relationship with Noble appeared first on Offshore Energy.

Four Borr Drilling rigs’ ops in Middle East on ‘standby’

Given the current situation in the Middle East, Borr Drilling, an offshore drilling player with its corporate base in Bermuda, has shed light on the operational status of its rig fleet deployed in the region, highlighting that these jack-ups will be ready to resume activities once circumstances improve to ensure the safety of its employees and assets. The post Four Borr Drilling rigs’ ops in Middle East on ‘standby’ appeared first on Offshore Energy.

Green light for North Sea drilling ops with Odfjell Drilling-managed rig

Norway’s state-owned energy giant Equinor has obtained the go-ahead from the Norwegian authorities for drilling activities on the Norwegian Continental Shelf (NCS), which will be undertaken with a semi-submersible rig managed by Odfjell Drilling and owned by Northern Ocean. The post Green light for North Sea drilling ops with Odfjell Drilling-managed rig appeared first on Offshore Energy.

$33.4 billion acquisition of AES filling financial coffers for Panamanian firms’ $4B lawsuit

Sinolam, Panamanian companies with projects in the liquefied natural gas (LNG) and power generation sector, has provided its take on the acquisition of AES Corporation by a consortium led by Global Infrastructure Partners, part of BlackRock, viewing it through the lens of opportunity, as BlackRock’s bid for AES could open a new scenario for the firm’s multibillion-dollar lawsuit by bolstering the sued player’s financial standing. The post $33.4 billion acquisition of AES filling financial coffers for Panamanian firms’ $4B lawsuit appeared first on Offshore Energy.

21 Russian Arctic LNG cargoes come to EU ports

After the latest sanctions package hit a wall in the form of Hungary’s opposition, research from Germany’s non-profit environmental research organization, Urgewald, shows that the February liquefied natural gas (LNG) export figures related to Russian Arctic LNG cargos, which flowed to the European Union (EU), spotlight that European infrastructure and maritime services are still at the forefront of Russia’s LNG export revenues. The post 21 Russian Arctic LNG cargoes come to EU ports appeared first on Offshore Energy.