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24 Jul 24
Proserv completes sponsor-backed MBO and announces employee ownership scheme
Aberdeen/UK-headquartered Proserv has successfully completed a sponsor-backed management buyout (MBO), and is introducing an employee ownership scheme, marking a significant milestone in the company’s 60-year history.
24 Jul 24
Brazil: Archer secures contract worth USD 40 million in Brazil
Archer has been awarded a two-year contract for platform drilling services for Equinor in Brazil. The estimated firm contract value is USD 40 million.
24 Jul 24
SLB to accelerate co-development of AI-driven digital platform for Aker BP
SLB and Aker BP have agreed a long-term partnership to co-develop an AI-driven digital platform for Aker BP to accelerate innovation and deliver substantial efficiency improvements across the company’s E&P operations.
24 Jul 24
Equinor announces second quarter 2024 results
Equinor delivered adjusted operating income of USD 7.48 billion and USD 2.15 billion after tax in the second quarter of 2024. Equinor reported net operating income of USD 7.66 billion and net income at USD 1.87 billion. Adjusted net income was USD 2.42 billion, leading to adjusted earnings per share of USD 0.84.
23 Jul 24
Brazil: TechnipFMC awarded substantial flexible pipe contract by Petrobras
TechnipFMC has been awarded a substantial contract by Petrobras to supply flexible pipe for the pre-salt fields offshore Brazil, following completion of a tender.
23 Jul 24
Petrosys acquires Talus Technologies
Petrosys, a Carina Software company and division of Vela Software and Canadian public company Constellation Software, Inc., has announced the acquisition of Talus Technologies Inc., provider of leading seismic data management solution, Exploration Archives.
23 Jul 24
Woodside announces second quarter report for period ended 30 June 2024
Woodside has announced its second quarter report for period ended 30 June 2024. Woodside CEO Meg O'Neill said the company is on track to achieve its full year production guidance of 185-195 million barrels of oil equivalent (MMboe), with output for the second quarter of 44.4 MMboe.
23 Jul 24
Norway: Var Energi reports strong operational and financial performance in the second quarter and first half of 2024
Vår Energi reports strong operational performance and financial results in line or better than guidance. The Company is on track to deliver on the 2025 growth target and unlock future value.
22 Jul 24
Brazil: Valaris announces multi-year contract award with Equinor for Drillship VALARIS DS-17
Valaris has been awarded a multi-year contract with Equinor for drillship VALARIS DS-17. The contract relates to work offshore Brazil on Project Raia. The estimated total contract value is approx. $498 million, inclusive of MPD, additional services and fees for mobilization and minor rig upgrades. The contract has an estimated total duration of 852 days.
22 Jul 24
Colombia: Frontera announces agreement between Puerto Bahia and GASCO to pursue LPG project in Cartagena, Colombia
Frontera Energy and GASCO have entered into a Framework Collaboration Agreement to jointly pursue a liquified petroleum gas ('LPG') project at Puerto Bahia's state-of-the-art liquids and dry cargo port terminal strategically located in the Bay of Cartagena, Colombia.
22 Jul 24
Sea1 Offshore reports that the current contract with PXGeo for Siem Dorado has been extended
Sea1 Offshore reports that the current contract with PXGeo for Siem Dorado has been extended with another 2 years and 4 months of firm period in direct continuation, taking the vessel’s firm period up to April 2027.
22 Jul 24
Saudi Arabia: Aramco to acquire 50% stake in Air Products Qudra’s Blue Hydrogen Industrial Gases Company
Aramco has signed definitive agreements to acquire an equity interest in the Jubail-based Blue Hydrogen Industrial Gases Company (BHIG), a wholly-owned subsidiary of Air Products Qudra. The transaction, which is subject to standard closing conditions, will also include options for Aramco to offtake hydrogen and nitrogen.
22 Jul 24
UK: ESG reporting vital to unlocking investment in North Sea
Top-quality environmental, social and governance (ESG) disclosure is crucial to attracting further investment into the UK’s oil and gas industry, a report from the North Sea Transition Authority (NSTA) says.
22 Jul 24
UK: OEUK issues response to the news coverage of the IT outage
An OEUK spokesperson said: 'The IT outage reported in the news today has had some limited impact on the UK offshore energy sector with the industry’s robust business contingency plans helping to prevent disruption to critical domestic energy supply. We will continue to monitor the impact and will update.'



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