The latest upstream news

Every so often, an industry reaches a point where it becomes clear that the old way of working is no longer enough. Not because people lack competence or commitment, but because the tools have failed to evolve at the same pace as the responsibility placed upon them. For hazardous area inspection, that moment is now!

Oil and gas companies in the UK, Canada and Australia are failing to fully disclose the costs of decommissioning their fossil-fuel-related infrastructure, leaving investors with incomplete and non-comparable information.

Water will be injected to displace additional oil in the reservoir formation which supplies production to Shell’s Ursa platform in the Mars Corridor.

The contract has a firm duration of five years, running until end of October 2030, with options to extend for up to an additional four years.

The deal marks the fourth large-scale multi-gas monitor changeout delivered by Dräger for same client.

Watson Farley & Williams advised Borr Drilling Limited on the acquisition.