Business Briefs

Courtesy OMV Petrom
exploration development in the black sea
Deepwater

NewMed confirmed as partner in deepwater Bulgaria exploration block

March 15, 2025
Following a farm-out transaction, OMV Offshore Bulgaria and NewMed Energy Balkan each have a 50% interest in the Han Asparuk exploration block.
ID 218944302 © Cagkan Sayin | Dreamstime.com
Serica-EnQuest merger possibility
Company News

Serica, EnQuest contemplate merger

March 7, 2025
Serica Energy has confirmed it is in talks with fellow North Sea E&P independent EnQuest on a potential combination of the two companies.
Courtesy SLB
SLB releases new technology to electrify well control
Equipment Engineering

SLB simplifies well control power arrangement

March 7, 2025
SLB has released its EWC electric well control technologies to help prevent uncontrolled release of fluids from wells.
Courtesy MODEC
MODEC FPSO
Equipment Engineering

MODEC assessing FPSO carbon capture technology pilot

March 4, 2025
MODEC has entered a FEED contract with Samsung E&A for an offshore carbon capture pilot project.
ID 90672014 © Atit Phetmuangtong | Dreamstime.com
Eni, Petronas consider SE Asia joint venture
Company News

Wood Mackenzie: Eni, Petronas JV driving upstream growth in Indonesia

Feb. 28, 2025
Eni and Petronas' proposed joint venture in Indonesia and Malaysia would create a new Southeast Asian major, according to Wood Mackenzie.
Courtesy Fugro
Blue Eclipse USV
Vessels

USVs could play a major role in the future of offshore energy development

Feb. 28, 2025
Uncrewed surface vessels (USVs) use 95% less fuel than traditional survey vessels.