Norway is actively advancing the implementation of subsea connections in the oil and gas sector, which helps accelerate the development of new fields and reduce costs. Major operators such as Equinor plan to launch dozens of similar projects in the coming years, opening up new opportunities for contractors and strengthening the country's position in the global energy market.
Three Seatrium production sites in Brazil have given the company a competitive edge in securing Petrobras contracts for FPSO construction, despite changes in procurement models. Seatrium is adapting to new market conditions by collaborating with partners and focusing on high-quality project execution and sustainable financial results.
Anna Maskolo, who previously held executive positions at Shell, is moving to one of the key roles at the Danish wind energy company Vestas. She will be responsible for project development in Northern and Central Europe, as well as overseeing global offshore operations.
Kanita Tanita Sartvattau has been appointed as the new CEO of PTTEP and will become the first woman to hold this position in the company's history. Her responsibilities include strengthening sustainability and developing the business in line with the principles of sustainable development.
The European Commission has launched an in-depth investigation into the planned merger between Saipem and Subsea7 due to concerns about reduced competition in the subsea infrastructure and engineering services market. A final decision is expected by November 26.
The European Commission has launched an in-depth investigation into the planned merger of Saipem and Subsea7 due to concerns about reduced competition in the offshore engineering services market. A final decision is expected by November 26.
South Korea's Hyundai Engineering has once again been selected as the contractor for the construction of a major gas processing plant at the Karachaganak field in Kazakhstan. The project is designed to process up to 5 billion cubic meters of raw gas per year and aims to meet the country's growing domestic demand for gas by 2030.
Four international consortia are competing for a major EPC contract worth up to $8 billion to implement the Bab Gas Cap gas project in Abu Dhabi. The project involves developing new fields and constructing a plant, which will strengthen the UAE’s gas independence by 2030.
Petrus
