Hess: Pre-emption Provision Doesn't Apply to Buyout Deal With Chevron
Hess Corp. said on Feb. 27 that a pre-emption provision does not apply to its proposed $53-billion buyout by Chevron Corp. and it remains "fully committed" to the deal.
Remotely Controlled Well Completion Carried Out at SNEPCo’s Bonga Field
Optime Subsea, which supplied the operation’s remotely operated controls system, says its technology reduces equipment from transportation lists and reduces operation time.
NOD Approves Start-up for Aker BP’s Hanz Project
Aker BP expects production on the North Sea subsea tieback to begin production during the first quarter.
Chevron, Exxon in Dispute Over Hess Stake in Guyana Oil Block
Chevron’s $53 billion deal to buy Hess’ interests in the Stabroek Block offshore Guyana could be derailed as Exxon, CNOOC say they have first rights of refusal on the block’s interests.
Energy Transition in Motion (Week of Feb. 23, 2024)
Here is a look at some of this week’s renewable energy news, including approval of the construction and operations plan for Empire Wind offshore New York.
TechnipFMC Eyes $30B in Subsea Orders by 2025
TechnipFMC is capitalizing on an industry shift in spending to offshore projects from land projects.
Shell Brings Deepwater Rydberg Subsea Tieback Onstream
The two-well Gulf of Mexico development will send 16,000 boe/d at peak rates to the Appomattox production semisubmersible.
Stonepeak, Dominion Energy to Partner on Virginia Offshore Wind Project
Stonepeak will acquire a 50% interest in Dominion Energy’s offshore wind project, which is expected to be the largest offshore wind farm in the U.S.
After 4Q Struggles, Transocean’s Upcycle Prediction Looks to Pay Off
As Transocean executives predicted during third-quarter earnings, the company is in the middle of an upcycle, with day rates and revenues reaching new heights.
Shell Taps TechnipFMC for 20K System for Sparta
The deepwater greenfield project in the Gulf of Mexico targets reserves in the high-pressure Paleogene reservoir.