Archer Ltd. (ARCH.OL) said Friday it is in advanced talks for a multi-year plug and abandonment services contract with an unnamed party.
The Norway-listed drilling and well services group expects to sign the deal, covering drilling, compact workover unit and well services, "within a short timeline."
Archer noted that there is no certainty that a final deal will materialize.
TotalEnergies (TTE.PA) said Thursday it plans to annually reduce the carbon intensity of the products it brings to market in response to the Paris Judicial Court's recent ruling.The French energy company agreed to amend its vigilance plan in line with the court's request to include scope 3 or its customers' emissions in its targets. Accordingly, it is aiming to cut the carbon intensity of its products by 25% in 2030, compared with 2015 levels. It said carbon intensity was already down by 18% in end-2025, compared with the 2015 base level.The group also noted the court's decision not to uphold requests to ban it from engaging in new oil and gas projects or reduce its oil and gas production.
I-Pulse on Thursday secured a $250 million award from the US Department of Commerce's CHIPS Research and Development Office for the development of its proprietary semiconductor and pulsed power technology.The funding will support R&D into high-temperature, high-performance silicon-carbide semiconductor components, including high-current, high-voltage solid-state switches with applications in underground mining, rock crushing, manufacturing, and defense systems, the company said.I-Pulse said it will develop the silicon-carbide semiconductors in partnership with US national laboratories, universities, and specialized manufacturers.
NextDecade (NEXT) said late Thursday its unit Rio Grande closed an offering of $3.50 billion of senior secured notes.The offering comprised $1 billion of 5.25% senior secured notes due 2031, $500 million of 5.5% of notes due 2034, $1.25 billion of 5.75% of notes due 2036, and $750 million of 6.15% notes due 2041, according to a statement.Net proceeds will be used to repay debt under existing credit facilities and covere related costs.