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DeepOcean answers subsea oil & gas tie-back call in UK waters

Norwegian ocean services provider DeepOcean has been hired for a subsea tie-back assignment related to a hydrocarbon field development on the UK Continental Shelf (UKCS). The post DeepOcean answers subsea oil & gas tie-back call in UK waters appeared first on Offshore Energy.

Shell halves its stake in UK gas discovery as Ithaca comes aboard

Ithaca Energy, a North Sea oil and gas operator and producer, has put the wheels in motion to acquire a non-operated stake from Shell UK, a subsidiary of the UK-headquartered energy giant Shell, in a gas discovery located West of Shetland, about 175 kilometers northwest of the Shetland Isles. The post Shell halves its stake in UK gas discovery as Ithaca comes aboard appeared first on Offshore Energy.

The learnings from the Wood sale to Sidara | Finance

News that the $216m sale of Scotland energy giant Wood to Dubai-based Sidara has been approved by shareholders serves as a key moment not just for both companies, but for the broader industry to take stock. The company’s fluctuating fortunes should serve as a sharp warning on the transition for all traditional businesses – which may resound that bit louder at a time when COP30 is underway in Brazil. Consider 12 years ago, when fossil fuels reigned supreme, Wood had a market valuation of $5bn and employed more than 50,000 globally. … to continue reading this article and more, please login, register for free, or consider subscribing to gasworld You’ve reached your weekly limit to access free articles! Want to keep reading? Please register for free and create a profile to gain access to this… Read More »The learnings from the Wood sale to Sidara | Finance

BP books SLB OneSubsea for work on its Gulf of America oil project

UK-headquartered energy giant BP has tasked SLB OneSubsea, a joint venture between SLB (formerly Schlumberger), Aker Solutions, and Subsea7, with a subsea boosting mission for its deepwater greenfield development in the Gulf of America (U.S. Gulf of Mexico). The post BP books SLB OneSubsea for work on its Gulf of America oil project appeared first on Offshore Energy.

Shelf Drilling rig going back to work for Aramco as suspension ends

Shelf Drilling, an offshore drilling player, has received a green light from Aramco, a Saudi Arabian drilling giant, which will enable one of its rigs to return to its drilling assignment in the Middle East after more than a year-long suspension. The post Shelf Drilling rig going back to work for Aramco as suspension ends appeared first on Offshore Energy.

Arbitration battle looms in Asia as Empyrean challenges Conrad’s withdrawal notice

Conrad Asia Energy’s wholly-owned subsidiary, West Natuna Exploration Limited (WNEL), has served Empyrean Energy, an AIM-listed oil and gas exploration company, with a notice of election of remedy and forced withdrawal, after the duo had been knee-deep in talks regarding the settlement of outstanding cash calls over the past few months. The post Arbitration battle looms in Asia as Empyrean challenges Conrad’s withdrawal notice appeared first on Offshore Energy.