The new seven-system contract is scheduled to commence operations in March 2025, replacing a current six-system contract that started in November 2020.

The awarded projects involve the procurement, fabrication, coating, and testing of subsea structures for various developments located in the Gulf of Mexico.

The acquisition is expected to strengthen Ashtead's product and service offering in the oil and gas and offshore wind markets.

The awarded projects encompass various developments in the Gulf of Mexico, involving the procurement, fabrication, coating, and testing of subsea structures.

This surge in demand has created a potential threat to the metal supply for crucial sectors which rely on nickel for various equipment applications in demanding environments.

Over three days, the onshore gas treatment plant and the Ana Wellhead platform underwent comprehensive inspections, cleaning, and crucial equipment maintenance, as detailed in a press release by BSOG on Monday.

This step follows the successful completion of the pipeline route survey, which involved a comprehensive assessment of the gas offtake routes from the developments.

The power-from-shore project, set to commence this month, aims to supply stable and eco-friendly power to the Yggdrasil field.

The installation will be conducted using Saipem's construction vessels and is scheduled for 2024.

The Yggdrasil area contains multiple discoveries and holds an estimated 650 million barrels of oil equivalent, while the Valhall extension project targets approximately 137 MMboe, as per project descriptions on Aker BP's website.