The Norwegian oil major has secured suppliers to build a floating production vessel, drill production wells and install sea-bed infrastructure. Valaris earlier this year won a $498 million contract to drill wells for the project, known as Raia. The project will cost an estimated $9 billion and could supply 15% of Brazilian gas demand when it comes online.
BOEM rescinds flawed NTL in a move to protect offshore energy development
National Ocean Industries Association President Erik Milito has issued a statement after the...