Subsea 7 has announced the award of new contracts off the coast of Australia and the US Gulf of Mexico.
Southeast Asia and Australia are set to take centre stage in the region’s upstream M&A activity as private equity companies sense a value opportunity.
Japanese firm Modec will supply the floating production, storage and offloading (FPSO) vessel for ConocoPhillips' Barossa field, offshore Australia.
Santos Energy has set out a deal to buy Australian gas assets, in the Northern Territory (NT), from ConocoPhillips for $1.39 billion.
Japanese firm Modec is in contention to provide a floating production vessel for the Barossa project in Australia.