All articles by Prasanth K

Prasanth K

C-Innovation wins subsea construction contract from BP

C-Innovation (C-I), an affiliate of Edison Chouest Offshore (ECO) and its family of companies, has won a three-year contract from an energy investor in the deepwater Gulf of Mexico known as BP Exploration & Production (BP).

Faroe Petroleum makes significant discoveries offshore Norway

UK-based independent oil and gas company Faroe Petroleum has made significant gas discoveries in both the Hades and Iris prospects in licence PL 644 B, located in the Norwegian Sea.

Birchcliff and AltaGas enter long-term processing arrangement

Birchcliff Energy and AltaGas have entered a definitive agreement for a long-term natural gas processing arrangement at AltaGas’ deep-cut sour gas processing facility located in Gordondale, Alberta.

Oceaneering’s subsidiary buys Scottish offshore firm Ecosse Subsea

A subsidiary of US-based engineering services company Oceaneering International has acquired Scottish offshore engineering firm Ecosse Subsea (Ecosse) for about £50m.

Australia signs treaty with Timor-Leste to jointly develop Greater Sunrise fields

Australia has signed a treaty with Timor-Leste to pursue joint development, exploitation and management of the Greater Sunrise gas fields.

Energean Israel signs $1.2bn facility agreement to fund Karish project

Energean Oil & Gas’ subsidiary Energean Israel has signed a secured senior credit facility (the facility agreement) of up to $1.2bn with four international banks as mandated lead arrangers (MLAs) to finance the development of Karish, which is part of the company’s Karish and Tanin project.

Petrofac to pursue vessel sale and deep-water market exit

British oilfield services provider Petrofac has unveiled plans to offload its offshore installation vessel JSD6000 and exit the deep-water market.

AGR secures CO2 Storage Appraisal Well contract in Australia

The Government of Victoria in Australia has awarded a contract to AGR Australia to manage its CarbonNet Offshore Appraisal Well Drilling Programme for the entire lifecycle.

Subsea 7 agrees to buy Siem Offshore Contractors and two vessels

UK-based subsea engineering, construction and services company Subsea 7 has reached an agreement to acquire the entire issued share capital of Germany-based Siem Offshore Contractors (SOC), along with the inter-array cable lay vessel Siem Aimery and the support vessel Siem Moxie.

OSRL and Cedre strengthen cooperation for spill response

UK-based Oil Spill Response (OSRL) has signed a letter of cooperation with France’s Centre for Documentation, Research and Experimentation on Accidental Water Pollution (Cedre) to strengthen operational level collaboration, and to increase personnel and knowledge sharing across a range of areas related to spill preparedness and response.