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BHGE will acquire a five percent stake in ADNOC Drilling, valuing the business at US$11 billion, and the partnership will enable ADNOC Drilling to gain greater market access and new business opportunities
Global Maritime will oversee project management, engineering, equipment procurement and offshore management with everything handled from their Stavanger and Oslo offices.
The company has signed a contract with Petrobras to provide a subsea production system and related services for the Mero 1 project within the Mero field development, one of the largest oil discoveries in Brazil's pre-salt area.
The company has announced today that one of its subsidiaries has secured a two-year contract for the Key Singapore with Eni S.p.A. for operations in the Adriatic Sea offshore Italy.
The company has confirmed that a contract has now been signed with Shell UK Limited granting three additional options on WilPhoenix.
The company has been awarded a five-year agreement to supply brownfield modifications, maintenance and operations support for BP's Greater Plutonio and PSVM fields offshore Angola.
The agreement, which has been held by Petrofac since 2014, commenced on 30 September.
The company has been informed that, following the successful Portland EWT programme, the KL4 EWT flow sequence operation has now commenced.
Mr Estensen joins Neptune Energy from A/S Norske Shell, where he is currently the Norway Operated Asset Manager.
The hydraulic fracturing process at Preston New Road will take approximately three months to complete for both exploration wells.
Equinor and the Johan Sverdrup partnership have submitted a letter of award to NKT for fabrication and installation of two high-voltage cables supplying power from shore for the second phase of the Johan Sverdrup development.
The company has announced that it has signed a ventures cooperation agreement with Aker BP to explore possible areas of cooperation in the development and deployment of advanced technologies in their businesses.