Jindal SAW and Hunting Energy Services form OCTG JV
The JV will see the creation of an OCTG 130 000 ft2 threading plant in Nashik, India, targeted to be operational by the end of 2022.
Drilling & production
GlobalData: ExxonMobil’s scope 3 emissions set to rise despite net zero pledge
Will Scargill, Managing Energy Analyst at GlobalData, estimates that ExxonMobil's scope 3 emissions will increase by around 15% over the next five years.
Chariot completes drilling operations on Anchois gas project
Drilling operations have been completed on the Anchois gas project within the Lixus licence, offshore Morocco.
Valaris awarded Gulf of Mexico floater contracts
Valaris has been awarded two one-well contracts by Murphy Oil Corp. for semisubmersible VALARIS DPS-5.
ExxonMobil targets net zero greenhouse gas emissions by 2050
The net zero aspiration applies to Scope 1 and Scope 2 greenhouse gas emissions.
Wintershall Dea to end Brazil operations
Wintershall Dea holds participating interests in a total of nine exploration licences in Brazil, spread over the Potiguar, Ceará, Campos and Santos basins.
Maersk Drilling and Aker BP enter rig swap agreement
The jack-up rig Maersk Reacher is to be replaced by the low-emission jack-up rig Maersk Integrator offshore Norway end-February/early March 2022.
More Drilling & production news
Rystad: more shuttle tankers needed to transport offshore oil
Demand for shuttle tankers in countries with robust offshore oil production and limited pipeline infrastructure is set to grow continuously in the coming years, a Rystad Energy report shows.
Neptune Energy starts gas production at Adorf well in Germany
The Adorf Z16 well is expected to increase Neptune’s production from the licence to around 4000 boe/d.
Beach Energy announces first gas production from Geographe wells
The first two wells of Beach Energy's offshore Otway Basin campaign have been connected to the Otway Gas Plant and are now delivering gas into Australia's East Coast market.
Wood propels Middle East growth with US$580 million of contract wins in 2021
As a result of Wood’s success in the region during 2021, and to support further growth, the company recently completed the mobilisation of over 600 new employees, with recruitment underway for an additional 200 roles.
EIA: crude oil prices to decline
Persistent withdrawals from global oil inventories have led to increases in crude oil prices, but the EIA forecasts that global oil markets will begin to balance through 2023, leading to a drop in prices.
Equinor revises Mariner reserves down
The revision will result in an impairment in the region of US$1.8 billion.
EIA: annual US crude oil production will surpass pre-pandemic levels in 2023
In its January Short-Term Energy Outlook (STEO), the US Energy Information Administration forecasts US crude oil production will increase for nine consecutive quarters, from 4Q21 to 2023.
Southwark drilling programme halted
The Noble Hans Deul rig is expected to remain offshore with non-essential crew and equipment demobilised while an issue with rig stability is rectified.