One of its seismic acquisition vessels has been awarded a new exploration acquisition contract offshore Africa with an undisclosed firm. At the same time, the commencement of operations for another vessel in Brazil has experienced a delay.

The project is operated by TotalEnergies EP Angola, a subsidiary of the French energy giant TotalEnergies.

This contract, awarded by WellSafe Guardian Limited on behalf of Repsol Sinopec Resources UK Limited, solidifies NHV's position as a reliable provider of safe and efficient air transportation solutions for critical offshore operations.

The potential contract, slated for execution in the fourth quarter of this year, is expected to span approximately 75 vessel days.

This investment aims to accelerate the growth and deployment of Advanced Ionics' low-cost Symbion™ electrolyzer technology, which is targeted at heavy industry applications.

The company expects this trend to result in higher day rates and enhanced fleet utilization in the coming years.

National Gas is the operator of the entire gas transmission system in Great Britain and has engaged Wood to digitally upgrade essential infrastructure, including pipelines, compressor stations, and terminals, covering a total of 7,600km.

PETRONAS has entered into a Memorandum of Understanding with AIQ, an Abu Dhabi-based technology company, to jointly develop Artificial Intelligence solutions aimed at accelerating the energy transition and promoting sustainability across energy operations.

The contract encompasses the plug and abandonment (P&A) of 30 wells within the Fulmar Field and two wells in the Halley Field.

The contract, which runs through October 2025, signifies the enduring partnership between the two companies and underscores Wood's operational prowess in Australia.