Subsea operations support player Maritime Developments has won contracts worth in the region of £7 million (US $10.5 million). The company secured an order for its portable overside vertical lay system from an unnamed installation contractor, with Maritime Developments to deliver a bespoke vertical lay system tower along with a 4-track tensioner to support a North Sea development. The business has also delivered a package of 10 winches, ranging from five tonnes to 40 tonnes specifications, for an international client. It has also delivered a 500-tonne reel drive system to another client for a project in the United States.
Cairn Oil & Gas will drill about 300 development/injection wells and construct 205 well pads to increase production from the Barmer fields.
Drillers cut nine oil rigs in the week to March 22, bringing the total count down to 824, the lowest since April 2018, Baker Hughes, a GE company (NYSE: BHGE), said in its weekly report.
The independent U.S. energy producer aims to take a final investment decision on the $20 billion project in the coming months, having signed up long-term buyers for its LNG.