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.
Aberdeen port chief: North Sea oil and gas activity falling faster, port diversifying
Port of Aberdeen says the decline in oil and gas activity has accelerated. The longtime North Sea...
