SLB has been awarded three contracts by Petrobras for completion hardware and services for up to 35 subsea wells in the development of Petrobras’ offshore Buzios Wave II oilfield. The scope of the contract includes SLB’s full bore electric interval control valves and electric subsurface safety valves. The award is a catalyst toward full production system electrification for Petrobras, improving production availability via more reliable completions.

ADNOC has started crude oil production from its Belbazem offshore block, underscoring the company’s commitment to responsibly meet the world’s growing demand for energy.

Panoro Energy ASA announces that it has reached an agreement with the Government of Equatorial Guinea on the key terms and conditions for the award of offshore Block EG-23.

MODEC Inc. has been successful in securing the Front-End Engineering and Design (FEED) for a Floating Production, Storage and Offloading (FPSO) system for Shell do Brasil Ltda (“Shell”) on the Gato do Mato development, offshore Brazil.

Subsea7 announced the award of a sizable¹ contract by Talos Energy for the Sunspear development in Green Canyon Block 78, in the Gulf of Mexico.

C-Kore Systems, a UK company specializing in automated subsea testing tools is celebrating the mobilization of their 800th unit. The job is with a major operator off the coast of West Africa for a fault-finding operation on a complex subsea electrical network.

MDL has assisted Saipem in progressing an LNG development offshore Greece.

The Bureau of Ocean Energy Management (BOEM) announced the Notice of Availability of the Area Identification (Area ID) for proposed Gulf of Mexico (GOM) Oil and Gas Lease Sales 262, 263, and 264. The Area ID will publish in the Federal Register on April 1, 2024, and is available for viewing and downloading on BOEM’s website.

SBM Offshore announces that ExxonMobil Guyana Limited (“EMGL”) has confirmed the award of contracts for the Whiptail development project located in the Stabroek Block in Guyana. Under these contracts, SBM Offshore will construct and install FPSO Jaguar. Ownership will transfer to EMGL prior to the FPSO’s installation in Guyana, and SBM Offshore expects to operate the FPSO for 10 years under the Operations and Maintenance Enabling Agreement signed in 2023. The award follows completion of front-end engineering and design studies, receipt of requisite government approvals and the final investment decision on the project by ExxonMobil and block co-venturers.

Aker Solutions has been awarded a sizeable EPCIC-contract for the Brasse tieback project for OKEA.

Norwegian state-owned company Petoro has awarded a frame agreement to AGR for the provision of independent consultancy and third-party verification studies within subsurface, drilling and wells, and field development.

Innovative new technology to isolate gas pipelines in need of repair or maintenance has shown to prevent gas leakages and cut carbon dioxide emissions by 95% compared with venting pipeline contents to atmosphere—the equivalent of switching off 1,760 gas boilers for a year or taking 1,000 cars off the road.

ExxonMobil has made a final investment decision for the Whiptail development offshore Guyana, after receiving the required government and regulatory approvals. Whiptail, the sixth project on the Stabroek block, is expected to add approximately 250,000 barrels of daily capacity by the end of 2027.

Borr Drilling Limited is pleased to announce new contract commitments for three of its premium jack-up rigs, the “Prospector 1”, the “Gunnlod”, and a rig to be determined. The commitments total 820 days and $158.6 million in contract revenue, inclusive of mobilization and demobilization compensation.

TechnipFMC was awarded the iEPCI™ contract for Petrobras’s Mero 3 HISEP^® carbon capture project at the culmination of a six-year research and development effort.

Silverwell Technology Inc. (“Silverwell”) has extended the global frontiers of its industry-leading digital intelligent artificial lift (DIAL) gas lift production optimization system to Africa, by securing a contract from a major operator offshore Nigeria.