SLB, Subsea 7, and Aker Solutions’ Subsea JV Gets Nods from Competition Authorities

(OE) Oilfield services firms SLB, Subsea 7, Aker Solutions have received approvals from all relevant competition authorities to create a subsea joint venture, as proposed in August 2022. "Following clearance as of [Friday] by antitrust authorities in Brazil, all regulatory approvals/clearances required to close the transactions have been obtained, including required clearances in Angola, Mozambique, Australia, Norway,... Continue Reading →

Karoon’s revised resource assessment at oil discovery off Brazil seen as ‘good step forward’

Australia’s oil and gas company Karoon Energy has updated its contingent resource estimates for a  field offshore Brazil. This is expected to facilitate the technical and commercial feasibility studies for a potential development, which are currently underway. Karoon added the Neon oil discovery option in May 2022 to the rig it hired in April 2021. Following the Patola completion activities, the Maersk Developer rig,... Continue Reading →

France’s Engie and Portugal’s EDP plan to develop offshore windfarms in Australia

(Reuters) - Ocean Winds, a joint venture between Portugal's main utility EDP (EDP.LS) and French company Engie (ENGIE.PA), said on Tuesday it has lodged applications with the Australian government to develop offshore windfarms off the coast of Victoria. The JV, which participated in the Victoria tender through its bidding company High Sea Wind, has presented applications for three... Continue Reading →

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