DOF Subsea AS is planning to offer unsecured bonds due March 2022 in a public issue. The company has appointed Pareto Securities as underwriter for the offering.

The amount raised from the issue is intended to be used by DOF Subsea to refinance the existing bonds due in May 2018, and for general corporate purposes.

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Chevron, Inpex and Petróleos Mexicanos (Pemex) have agreed with Mexico’s National Hydrocarbons Commission (CNH) to explore and extract hydrocarbons in Block 3 North of the Plegado Perdido Belt in the Gulf of Mexico.

The consortium of the three companies was awarded the Block 3 North through a competitive bidding conducted by CNH.

The block is located in the Gulf of Mexico, south-west of the Trion block in depths ranging from 500m to 1,800m.

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"The block is located in the Gulf of Mexico, south-west of the Trion block in depths ranging from 500m to 1,800m."

Subsea 7 has signed a deal with Cooper Energy for the Sole Development Project in the eastern part of the Gippsland Basin, approximately 40km off the coast of Victoria, Australia.

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Subsea 7 is responsible for the subsea tie-back and commissioning of the Sole well to the Orbost Gas Plant. The scope of work includes fabrication and installation of 64km pipeline and umbilical, spool and manifold.

ExxonMobil has entered a long-term framework agreement to use Sevan Marine’s cylindrical hull technology for its floater projects.

Sevan Marine was awarded a feasibility study contract by ExxonMobil to explore the application of its cylindrical hull for floating liquefied natural gas (FLNG) development.

The cylindrical floater technology is used to design, engineer and execute floating units in offshore oil and gas projects.