The acquisition, which enhances shareholder value through immediate financial accretion, is structured with 24.8 million Talos shares and approximately $965 million in cash. The boards of directors of Talos and QuarterNorth Energy unanimously approved this transaction, establishing a clear path to completion in the first quarter of 2024, pending standard closing conditions and regulatory clearances. […]
In a bold move aimed at redefining the landscape of hydrocarbon extraction, the National Hydrocarbons Commission has given the green light to a transformative modification of the Fortuna Nacional field, under the direction of Perseus Fortuna Nacional S.A de C.V. This exciting development, which revolves around an investment of a staggering $5,716 million, marks a […]
McDermott International, Inc. has secured a major contract from Malaysia Marine and Heavy Engineering Sdn Bhd (MMHE) to contribute to the Kasawari Carbon Capture and Storage (CCS) project, located in the waters off Sarawak, East Malaysia. The contract involves the transportation and installation of various components for the project. This includes a pipeline spanning 138 […]
The well encountered 30 meters (98 feet) of high-quality, hydrocarbon-bearing sandstone. It is located approximately 365 kilometers northwest off the coast of Luanda and was drilled in 1,100 meters (3,608 feet) of water by the Valaris Limited DS-9 rig. The Bavuca South-1 well is part of the Angola Block 15 redevelopment project. As […]
Maersk Nomad will be operating with two ROVs onboard, providing general and subsea support scopes for ExxonMobil’s six ultra-deepwater drillships currently operating offshore Guyana in the Stabroek Block. All are expected to continue operating for the foreseeable future. The first charter is expected to commence in mid-November 2022, out of Georgetown, Guyana. Source: Maersk Supply […]
Detailed analysis of the data collected by the well is ongoing, with the aim of refining volumetric estimates and potential commerciality for both the discovery and the full area. The Hermes discovery has helped to de-risk the nearby Poseidon and Orpheus structures, which represent attractive potential future appraisal targets to fully assess the potential of […]
Through its indirect wholly-owned Netherlands-based subsidiary Yinson Bergenia Production B.V. has entered into a USD720 million syndicated loan facility for the FPSO Maria Quitéria project, with ING N.V., Singapore Branch, Maybank Group, Natixis Corporate & Investment Banking, Standard Chartered Bank (Singapore) Limited and UOB Limited as Mandated Lead Arrangers, Underwriters and Bookrunners. The agreement was […]
The contract is for the maintenance and monitoring of turbomachinery equipment operations at Coral Sul FLNG, the first deep-water floating liquefied natural gas (LNG) facility operating off the coast of Mozambique on the Eni-led Coral South project. As part of the scope, Baker Hughes will also provide remote monitoring and diagnostics services, leveraging its […]
The cracker is designed using Technip Energies’ latest enhancement on technologies to achieve a CO2 footprint less than 50% of the best 10% of European crackers. The furnaces are modularized and designed to fire high hydrogen fuel, and to transition to 100% hydrogen firing in the future, in addition to the plant being carbon capture […]
Sval Energi AS strengthens its position on the Norwegian Continental Shelf by closing the previously announced Martin Linge and Greater Ekofisk Area transactions with Equinor and the acquisition of Suncor Energy Norge AS. ✔The acquisitions from Equinor of holdings in the Martin Linge Unit and the Greater Ekofisk Area closed 30 September, with an […]