The three-year deal continues a strong run of orders for Petrofac in 2023, however the company still faces a range of financial pressures.
Production has resumed at the Shetland Gas Plant nearly two weeks after an outage brought the facility to a standstill.
Unite signs third recognition deal with an offshore operator following prior agreements with TotalEnergies and CNOOC.
The Department of Mineral Resources and Energy (DMRE) approved the seismic on November 16. The plan also requires approval from the Department of Forestry, Fisheries and the Environment.
There is “positive discrimination for the communities hosting the operations. At the peak it is expected that about 160,000 people will be employed. Out of these 14,000 persons will be directly employed in the oil and gas sector”, he said.
Shetland Gas Plant co-owner Kistos (LON: KIST) expects the facility to reopen within the next two weeks, the company said today.
Renewables for Subsea Power (RSP) in Orkney aims to use wave power to decarbonise oil and gas projects.
An investigation is ongoing into a safety incident which has seen the shutdown of TotalEnergies’ (XPAR: TTE) Shetland Gas Plant.
The plant currently supplies around 8% of the UK’s gas consumption - enough for around 2 million households.
“The acquisition marks another significant milestone for the Prax Group, and will create unique opportunities across the South African supply chain, meeting the needs of customers and communities for years to come.”
“This innovative project will benefit from our track record in developing large and complex integrated energy projects.”
A French rule targeting ESG funds has the potential to force oil and gas divestments of €7 billion ($7.6 billion), according to an analysis by Morningstar Inc (NYSE: MORN).
FEED work “could facilitate” a final investment decision (FID) on Preowei, Africa Oil, said.
A domestic Ivoirian company, Ice Oil & Gas, has signed a licence to explore a block offshore, previously held by TotalEnergies.
TotalEnergies agreed to buy three natural gas-fired power plants in Texas from TexGen Power for $635 million as it looks to expand in the US market.
Shell (LON: SHEL) will need as much as one trillion cubic feet of gas from exploration licences in the West of Shetland to "truly whet its appetite", according to analysis by Wood Mackenzie.
Total plans to drill one exploration well. Should it be successful, it may drill up to nine more.
Cash flow from operations reached $9.3bn in the quarter, and $27.4bn for the first nine months of the year.
New York has selected three offshore wind farms to negotiate power contracts with the state as the industry faces increasing challenges from rising costs.
Europe’s unloved oil majors seem to finally be winning back investors by refocusing on their core business, yet the valuation gap with their dealmaking US peers remains stubbornly wide.
TotalEnergies will partner with offshore wind developer Corio Generation and electricity producer Rise Light & Power to develop the 3GW Attentive Energy wind farm in the United States.
Start-up at the long-awaited Tyra redevelopment off Denmark is now expected in Q1 next year, according to project partner BlueNord.
“For me, it’s easier to develop offshore projects than onshore projects. Onshore there are stakeholders, who are more complex to manage.”
Scotland’s largest offshore wind farm, Seagreen, is now fully operational, with all 114 Vestas V164-10.0 MW turbines installed at the site.
ConocoPhillips (NYSE: COP) has kicked off production at the Tommeliten A field, which crosses the border of the UK and Norway in the North Sea.