Saipem, Subsea7 Sign Merger Agreement to Form Energy Services Giant
incorporated in Italy and headquartered in Milan, and will have its shares listed on both the Milan and Oslo stock exchanges.The newly created company will be structured as four businesses - Offshore Engineering & Construction, Onshore Engineering & Construction, Sustainable Infrastructures and Drilling OffshoreThe Offshore Engineering & Construction business will be contained within an operationally autonomous company, fully owned by Saipem7, named Subsea7, branded as ‘Subsea7, a Saipem7 Company’, and will comprise all Subsea7’s businesses and the asset-based services business
Aquaterra Energy to Deliver Well Services Work for North Sea CCS Project
Recoverable Abandonment Frame (RAF).This innovative solution enables a vertical well re-entry tieback method that delivers both operational efficiency and assurance that legacy wells will not compromise the security of stored CO2.The second contract covers seabed to surface well access services for the drilling of six new CO2 injection subsea wells.Aquaterra will supply its CCS-ready high-pressure subsea drilling riser system, which includes its proprietary AQC-CW connectors.The system, qualified to ISO 13628-7, has been engineered for repeated make-and-break cycles, with replaceable seal rings and field-servic
SLB Launches New Well Completions Tech to Boost Production
Global energy technology company SLB has launched Electris - a portfolio of digitally enabled electric well completions technologies that boost production and recovery while reducing the total cost of ownership of an asset.Electris completions digitalize control of the entire productive area of the wellbore, providing real-time production intelligence across the reservoir.This enables operators to predict, adapt and act with confidence in response to dynamic production conditions - improving reservoir management over the life of the well and accessing reserves that conventional systems leave behind.
US Firm Debuts 20K Intervention Solution at Gulf of America Deepwater Field
, is expected in June 2025.The FPS is expected to produce 120,000 barrels of oil per day (bpd) once operational.Beacon Offshore and its partners have sanctioned the next phase of development at Shenandoah, known as Shenandoah Phase 2.Operations envisioned as part of Shenandoah Phase 2 include the drilling and completion of two additional producing wells, expansion of the Shenandoah FPS throughput capacity to 140,000 bopd via debottlenecking activities by early 2026, and installation of a subsea booster pump to provide hydraulic support by reducing back pressure on the wells in the dual infield flowline
CRP Subsea to Supply Well Equipment for Shell’s Whale Development
CRP Subsea, an AIS company, has secured a contract with Shell for the supply of crushable foam wrap (CFW) for the Whale deepwater development in the Gulf of America.The initial order is for one well-set, with additional orders for four more well-sets expected throughout 2025. Each well-set comprises 1,798 CFW quadrants, each one meter in length.The package also includes installation equipment, such as adhesive (one tube per two quadrants), adhesive dispensing guns, tie wraps, and Spanset straps. CFW is an engineered syntactic foam, comprised of a thermoset resin and hollow glass microspheres (HGMS).
BOEM Seeks Public Comment for Eleventh National Outer Continental Shelf Oil and Gas Leasing Program
On April 18, 2025, the Department of the Interior announced that the Bureau of Ocean Energy Management (BOEM) would soon initiate the first step in an engagement process to develop the 11th National Outer Continental Shelf Oil and Gas Leasing Program (National OCS Program). A Request for Information and Comments (RFI) will publish in the Federal Register on April 30, 2025. BOEM is seeking an array of information and comments, including but not limited to information associated with the economic, social, and environmental values of all OCS resources, as well as the potential impact of oil and gas
Sercel Launches DFU-3C Node, Extending WiNG Range
Sercel has launched the WiNG DFU-3C, a three-component version of its field-proven WiNG land seismic nodal solution. The WiNG DFU-3C supports a growing need for high-end seismic applications for the energy and mineral E&P sectors.The new integrated three-component node acquires the most comprehensive and high-definition data for outstanding imaging, characterization and monitoring of the subsurface. As part of the WiNG range, it comes complete with unique advanced features as standard, such as the ultra-sensitive QuietSeis® broadband digital sensor and Pathfinder transmission management
Portugal Ushers in Floating Wind Era
Portugal is beckoning a new era for offshore wind after officially signing ‘rules of procedure’ for a new Technological Free Zone located off the coast of Viana do Castelo.The news was announced during an international conference in Lisbon promoting offshore wind supply chain development between Portugal and Norway.Addressing the delegation, Portugal’s Secretary of State for Maritime Affairs Lidia Bulcão said work is accelerating to approve the nation’s Offshore Renewable Energy Allocation Plan known as PAER. Once approved, PAER is expected to serve as a “solid
US Oil Focused on Economics, not 'Drill, Baby, Drill' - Exxon Mobil Exec
U.S. oil and gas producers are unlikely to radically increase production under president-elect Donald Trump as companies remain focused on capital discipline, a senior executive at Exxon Mobil said."We're not going to see anybody in 'drill, baby, drill' mode," Liam Mallon, head of Exxon's upstream division, told the Energy Intelligence Forum conference in London."A radical change (in production) is unlikely because the vast majority, if not everybody, is focused on the economics of what they're doing," he said. "Maintaining the discipline, driving the
August 2025
