Petrofac secures sizeable decommissioning contract through Gulf of Mexico Alliance
Petrofac has been appointed by PDC as the Decommissioning Services Provider in a contract valued at around US$200m.
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Petrofac has been appointed by PDC as the Decommissioning Services Provider in a contract valued at around US$200m.
The ONE Future Coalition is a group of more than 50 natural gas companies working together to voluntarily reduce methane emissions across the natural gas value chain to 1% (or less) by 2025.
The company has secured new renewable electricity supplies for its operated assets in Germany, reducing emissions by more than 11 000 t of CO2 per year.
The companies aim to expand the toolset for real-time quality control of stimulation performance with a focus on maximising value to E&P operators.
New geopolitical risk measure designed to gauge oil market sentiment and understand price beyond fundamental forecasts.
The rig acquisition is expected to create around 100 jobs in a variety of onshore and offshore roles.
The company’s research shows that total free cash flow (FCF), a company’s cash from operations after accounting for outflows and asset maintenance, will balloon to US$834 billion, a 70% increase from the US$493 billion profits in 2021.
MacGregor, part of Cargotec, has secured a contract with Otto Candies to deliver an active heave compensated FibreTrac offshore crane.
The technology is set to save operational rig costs by helping lower overall wellhead installation costs due to reduced rig trips.
The Houston-based oilfield service company specialising in safe and efficient delivery of casing and tubing services, has signed an exclusive agency agreement with AlMansoori, a leading oilfield services provider based in Abu Dhabi, U.A.E.
Launched in late 2017, this first phase (Mero-1) includes a floating production, storage and offloading unit (FPSO) with a production capacity of 180 000 barrels of oil per day.
The company has secured a major cornerstone investment from Helmerich & Payne, one of North America’s largest land drilling solutions providers.