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The combined entities will offer advanced milling and swarf handling services to deliver verifiable, emission-free well barriers and predictable alternative zonal isolation solutions to the plugging and abandonment (P&A) industry.
Improvements in the US shale sector are a significant driver of the decline in flaring activity.
Cloudbreak will act as a financial partner and sit on the joint operating committee giving corporate direction and reviewing technical information.
The plan provides an overview of how the company is progressing towards its 2050 net zero ambition through short-term actions and medium-term ambitions.
The project will boost production at the existing Maria field in the Norwegian Continental Shelf. The contract includes subsea trees, spools, jumpers, and flexible pipes.
Hod B in the North Sea will soon come on stream, thanks to an unmanned facility remote-controlled from the Valhall field.
The transaction will contribute to the optimisation of Maersk's fleet in line with the company's strategic priorities.
Production has started from the first two wells at the Roncador increased oil recovery (IOR) project, bringing daily production to approximately 150 000 barrels.
Neptune Energy announced it has received an improved environmental, social, and governance rating from Sustainalytics of 23.2, putting it in the top 3% of all oil and gas companies rated by the organisation.
Maersk Training is set to increase headcount across its UK sites as it looks to recruit new instructors due to industry demand.
The full development of Area 1 will include 33 wells connected to three wellhead platforms plus one monopod, in addition to the FPSO.
The contract extension has a duration of one year and is expected to commence in July 2023, in direct continuation of the rig’s current contract.