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PTSC Mechanical & Construction has signed an EPCIC contract for its first major project with Murphy Cuu Long Bac Oil Co, Ltd. (MCB) for the Lac Da Vang Oil Field Development, offshore Vietnam.
The company is selling 19.5% of its interests in production license PL 048E, which is the Eirin field, and PL 1201 to PGNiG Upstream Norway AS (PGNiG).
This growth will enhance Fortress’ ability to serve key basins with increased efficiency and responsiveness.
Subsea 7 has announced, after a competitive tender process, the award by Petrobras of four long-term day-rate contracts for pipelay support vessels (PLSVs) commencing in 2025.
BW Energy has concluded the drilling and the logging of the DHIBM-7P pilot well, confirming a substantial oil discovery with good reservoir quality and a material uplift to the Hibiscus area.
The companies have announced a multi-year commercial agreement for the Seeq Industrial Analytics and AI platform to be leveraged across Equinor’s global assets to further accelerate digital transformation outcomes.
Twinza Oil have announced that they have obtained all internal approvals and executed a series of binding agreements for MRDC to take an up to 50% participating interest in the Pasca A Development Project and for the companies to cooperate in the acquisition and development of other oil and gas assets in Papua New Guinea.
Subsea 7 S.A. has announced the award of a super-major contract by Petrobras, after winning a competitive tender, for the development of the Búzios 9 field located approximately 180 km off the coast of the state of Rio de Janeiro, Brazil, at 2000 m water depth in the pre-salt Santos basin.
ConocoPhillips and Marathon Oil Corporation has announced that they have entered into a definitive agreement pursuant to which ConocoPhillips will acquire Marathon Oil in an all-stock transaction with an enterprise value of US$22.5 billion, inclusive of US$5.4 billion of net debt.
Tellurian Inc. and Aethon Energy Management LLC (Aethon) has announced an agreement for Aethon to acquire Tellurian’s integrated upstream assets for US$260 million.
Weatherford International has announced it has been awarded a two-year frame agreement extension with Equinor, for the delivery of completions, liner-hangers, and slot recovery services.
The award marks the organisation’s first installation on a jack-up rig in the region as it looks to bolster its presence in the market.