The transaction also reduces SBM Offshore's net debt through a key financial repayment.
Deltic Energy and Shell confirm that the Selene field could contain up to 176 BCF of gas, with sand quality higher than expected.
The sale boosts its €8 billion revenue target by 2025 and supports its transition to clean energy.
The oil company has extended its drilling contract with Chevron in Thailand, ensuring two more years of operation in the large Asian country.
Its production capacity is 180,000 barrels per day and its CO₂ reinjection technology supports sustainability in the oil industry.
With this advance, an increase of up to 25 thousand barrels per day is projected in 2025.
This discovery underlines the strategic importance of the Harald and strengthens the national energy supply by increasing gas production.
DOE secures oil for its strategic reserve at $76 per barrel, saving nearly $20 per barrel.
The spill has not affected maritime traffic, and the MPA will continue to monitor the area to ensure the safety of maritime operations and the natural…
The Mega Jack 5200 system lifted the platform to a height of 35 metres in just three months.
Transocean's Deepwater Conqueror will drill in waters up to 12,000 feet and add $193 million to the company's backlog.
The helicopter lost contact just 40 minutes after taking off from the base, triggering an immediate rescue operation at sea.
