bp and partners have confirmed the development concept for the second phase of the bp-operated Greater Tortue Ahmeyim (GTA) liquefied natural gas (LNG) project that they will take forward to the next stage of evaluation.

As required by the Inflation Reduction Act of 2022 (IRA), the Bureau of Ocean Energy Management (BOEM) has announced it will hold an oil and gas lease sale in the Gulf of Mexico on March 29, 2023.

C-Kore Systems launched a new product, the Topside Wireless Modem at the Subsea Expo Exhibition in Aberdeen. This latest product completes their line of test tools to now offer a complete solution for Umbilical Installation Monitoring.

Panoro Energy ASA has been awarded a 56 percent participating interest and operatorship of Block EG-01 located offshore Equatorial Guinea (pending ratification). Partners in the block will be Kosmos Energy (24 percent pending signature) and GEPetrol (20 percent).

Baker Hughes, an energy technology company, has been awarded a major contract to provide subsea equipment and services by Azule Energy for work in the Agogo oilfield, offshore Angola. This award represents the first major new greenfield project awarded in offshore Angola in more than five years.

Optime Subsea signs a long-term framework agreement with Wintershall Dea regarding rental of the technology company’s remote-controlled subsea well completion and intervention systems. 

The terminal was purchased by Equinor in 2009 to enable the company to trade oil primarily originating from the American markets.

Antonio Oburu Ondo, Equatorial Guinea’s recently appointed Minister of Mines and Hydrocarbons, has awarded independent exploration and production company, Panoro Energy, a 56% participating interest and operatorship in Block EG-01 offshore the hydrocarbon-rich West African country, as well as Canadian oil and gas company, the Africa Oil Corporation, two production sharing contracts (PSC) for offshore Blocks EG-18 and EG-31.

Azule Energy, via its wholly owned subsidiary Eni Angola SPA (Eni), together with its Partners in the Block 15/06, Sonangol P&P and SSI Fifteen Limited, are pleased to announce the award of the main contracts for the development of the Agogo Integrated West Hub Development Project, one of the major upstream projects being developed in the coming years in Angola.

2022 was a turbulent year for the oil and gas industry that was dominated by the invasion of Russia on Ukraine. This had an immediate effect on the global economy and markets, with commodity prices soaring to record highs and energy security becoming the focus for most countries across Europe.

Rovco has successfully completed a contract awarded by Well-Safe Solutions to support its well plug and abandonment decommissioning operations in the Southern North Sea.

TechnipFMC has been awarded a significant⁽¹⁾ contract for the subsea production system for Equinor’s Verdande project on the Norwegian Continental Shelf.

Subsea 7 S.A. announces a sizeable¹ award by Petrobras for a pipelay support vessel (PLSV) offshore Brazil. The agreement extends an existing contract for Seven Cruzeiro from February until November 2023. 

Koil Energy Solutions, Inc., an international specialist in subsea energy equipment and services, announces the receipt of an order to provide services for an LNG project in the Gulf of Mexico.

It would be difficult to exaggerate the value that carbon capture, utilization, and storage (CCUS) technology offers Africa’s oil and gas industry.

Europe’s increased need for liquefied natural gas (LNG) looks set to intensify competition with Asia for limited new supply available over the next two years and may dominate LNG trade over the longer term, according to Shell’s LNG Outlook 2023.