ExxonMobil Eyes Sale of Malaysian Offshore Assets
A month after it got out of Norway, Bloomberg reports that the company is working with advisers on a potential Malaysian sale, which could raise as much as $3 billion. ExxonMobil plans to divest around $15 billion in nonstrategic assets by 2021.
Shell, NNPC Invite Bidders on Bonga South West Deepwater Project
The announcement comes 7 months after the two received permission to begin the tendering process for the project offshore Nigeria, which is expected to carry a peak production of 225,000 BOPD by 2022.
Video: Early-Stage AUVs Set To Launch in North Sea Facilities Inspection Trials
Advanced AUVs with early-stage technologies for live streaming, ultrasonic testing, and 3D laser scanning are set to enter inspection trials on North Sea facilities. The aim is to reduce facilities inspection costs by 50%.
Acteon and Actuant Assets Change Hands
Acteon Group is buying Actuant’s Viking SeaTech business at a steeply discounted price of $12 million compared to the $225 million that Actuant paid in 2013 to acquire the company, and Actuant is buying Acteon’s Mirage for $16 million.
Outlook is Optimistic for Investment in Global Offshore Oil and Gas
This article focuses on offshore opportunities globally and identifies the hot spots of activity. It also examines some of the key issues facing the sector and the energy supply chain, such as the need to maximize oil and gas recovery from challenging environments, to innovate, and to reduce costs.
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