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Oil States Brazil awarded 3 year contract from Petrobras

September 21, 2021
| Archives

Oil States Brasil enters into a new contract with Petrobras for the maintenance and operation of dual bore completion risers, including accessories and peripherals such as elevator, spider, torque wrench, boxes, handling and test tools, adapters, pins, test caps, among others. The contract, which will last for 3 years, will all be performed in Brazil, with local engineering

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Shell exits the permian with $9.5 billion cash sell to ConocoPhillips

September 21, 2021
| Archives

Royal Dutch Shell said it would sell its Permian Basin assets to ConocoPhillips for $9.5 billion in cash, an exit from the largest U.S. oilfield for the energy major shifting its focus to the clean energy transition. For ConocoPhillips, it is the second sizable acquisition in a year in the heart of the U.S. shale industry, as American and European

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Lhyfe partners with Borr and Aquaterra on converted jackup hydrogen project

September 21, 2021
| Archives

Renewable hydrogen producer Lhyfe is partnering with offshore contractor Borr Drilling and offshore equipment supplier Aquaterra to develop a concept for green hydrogen production in the North Sea. Project Haldane will develop an industrial scale offshore green hydrogen production concept, through the deployment of an electrolyser system on a converted jack-up rig. The “unique, flexible solution” will provide an

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Valaris awarded new jackup contracts

September 21, 2021
| Archives

Valaris Limited announced that it has been awarded a contract with TAQA offshore the Netherlands for VALARIS JU-123, a heavy-duty harsh environment jackup. The contract is expected to commence in the fourth quarter of 2021 with an estimated minimum duration of 60 days. The contract is for the preparation of a wellbore for the Porthos CO2 transport and storage

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Mubadala Petroleum and Eni sign MoU centered around decarbonization

September 20, 2021
| Archives

Mubadala Petroleum has signed a MoU with Italian oil and gas major Eni to identify cooperation opportunities in the energy transition sector, including the fields of hydrogen and carbon capture, utilisation and storage that align with their respective decarbonisation targets. The scope of the cooperation covers potential joint opportunities in the Middle East, North Africa, southeast Asia and Europe and

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Aker BP granted wildcat permit offshore using the Maersk Integrator

September 20, 2021
| Archives

The Norwegian Petroleum Directorate (NPD) has granted Aker BP a drilling permit for wildcat and appraisal wells 7/11-14 S and A in production licence PL 906. Wells 7/11-14 S and A will be drilled from the Mærsk Integrator drilling facility in position 57°06'12.674"N and 2°37'41.559"E. Aker BP is the operator with an ownership interest of 60 per cent. The other licensees are Longboat Energy Norge (20 per cent) and DNO Norge (20 per

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Shelf bags three year gig with ONGC

September 20, 2021
| Archives

Shelf Drilling, Ltd. announced that it has received an award for a three-year contract for the Parameswara jackup rig with Oil and Natural Gas Corporation (ONGC) for operations in the Mumbai High, offshore India. The planned start-up of operations is Q1 2022. Source: Shelf Join our mailing list here

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Northern in the lead for Comstock Resources’ Bakken assets

September 20, 2021
| Archives

Northern Oil and Gas is the front-runner to buy a stake in Comstock Resources’ Bakken assets in North Dakota, three sources familiar with the matter told Reuters. Northern Oil has bid about $170 million for a non-operated working interest in the assets, one of the sources said. A marketing document seen by Reuters last month showed the value

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About 44% of Shell’s GOM offshore production still offline

September 20, 2021
| Archives

Hurricane damage to an offshore U.S. oil transfer hub will sharply cut Royal Dutch Shell’s oil and gas production into early next year, the company said on Monday, slashing deliveries of a type of crude oil prized by refiners. Shell has emerged as the hardest-hit oil producer from Hurricane Ida, which tore through the U.S. Gulf of Mexico

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ONGC looking at stake in Sangomar offshore Senegal

September 17, 2021
| Archives

India’s state-owned Oil and Natural Gas Corporation (ONGC) is considering purchasing a minority stake in the Sangomar project offshore Senegal. With talks underway for the acquisition of a 20% to 40% interest in the project, ONGC is positioning itself as a key participant in Senegal’s energy sector. Australian independent Woodside Petroleum Ltd owns an 82% stake in the project, having

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