Transocean secures Norway contracts worth US$116 million
Transocean has secured work for its Transocean Barents and Transocean Norge drilling rigs.
Drilling & production
Lundin Energy sells oil certified as carbon neutrally produced
The first trade of certified carbon neutrally produced oil from the Johan Sverdrup field has been completed with GS Caltex in South Korea.
EIA reports record oil and gas production in New Mexico
New Mexico's record production in March was a result of both new wells coming online for the first time and existing wells coming back online after being shut in during the cold snap.
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Lundin Energy increases 2021 production guidance
The company's production guidance for 2021 has been increased to between 180 to 195 000 boe/d, from the original guidance of 170 to 190 000 boe/d.
EnQuest refinancing deal concluded
The new facility will enable the Group to simplify its existing capital structure and finance the acquisition of a 26.69% interest in the Golden Eagle Development Area Project in the North Sea.
Occidental sells Permian Basin acreage to Colgate Energy Partners affiliate
The US$508 million transaction includes approximately 25 000 net acres in the Southern Delaware Basin in Texas.
Oil Dynamics GmbH upgrade production wells near Hannover
Oil Dynamics GmbH recently installed and started up two new ESP systems near Hannover in Germany.
Archer receives drilling services contract extension in Argentina
The total estimated value of the contract extension, based on current activity level, is expected to be US$200 million.
Shell says it will accelerate energy transition strategy following Dutch court ruling
Shell still plans to appeal the court ruling last month that ordered it to reduce greenhouse gas emissions by 45% by 2030 from 2019 levels.
More Drilling & production news
McDermott, Sinopec consortium land EPCC contract for TotalEnergies' Tilenga project
The US$2 billion contract will see the consortium provide engineering, procurement, construction and commissioning (EPCC) services for the development of an onshore oilfield that will generate up to 200 000 bpd.
Africa Energy Corp., Total JV assessing early production system offshore South Africa
The joint venture, which also includes Qatar Petroleum and CNRI, is considering an early production system for Block 11B/12B to provide first gas and condensate production from the Luiperd prospect.
Valaris awarded Gulf of Mexico drillship contract
The contract with Chevron is for the ultra-deepwater drillship Valaris Relentless (DS-18), a GustoMSC P10,000 design.
Independence Energy and Contango Oil & Gas to merge
The new company is expected to produce 108 000 to 114 000 boe/d in 2022, with adjusted core earnings between US$750 million and US$800 million.
Transocean reschedules delivery of ultra-deepwater drillships
The company has reached an agreement with Jurong Shipyard Pte Ltd on the delayed delivery of the ultra-deepwater drillships Deepwater Atlas and Deepwater Titan.
Unmanned platforms installed at Blythe and Southwark
The Blythe and Southwark gas platforms, which will operate as normally unmanned installations (NUIs), have successfully been installed at their respective offshore field locations in the UK North Sea.