The company is extending its contracts with Baker Hughes Norge, Halliburton AS and Schlumberger Norge AS for integrated drilling and well services on Equinor-operated fields on the Norwegian continental shelf (NCS).
Drilling & production
The companies have signed a MoU for transfer of the Krafla operatorship from Equinor to Aker BP, making Aker BP the operator of all discoveries in the NOAKA area.
The companies have signed a legally binding sale and purchase agreement with Angola’s state-owned oil company for a total consideration of US$335.5 million.
Petrofac has been appointed by PDC as the Decommissioning Services Provider in a contract valued at around US$200m.
The ONE Future Coalition is a group of more than 50 natural gas companies working together to voluntarily reduce methane emissions across the natural gas value chain to 1% (or less) by 2025.
The company has secured new renewable electricity supplies for its operated assets in Germany, reducing emissions by more than 11 000 t of CO2 per year.
The companies aim to expand the toolset for real-time quality control of stimulation performance with a focus on maximising value to E&P operators.
The rig acquisition is expected to create around 100 jobs in a variety of onshore and offshore roles.
MacGregor, part of Cargotec, has secured a contract with Otto Candies to deliver an active heave compensated FibreTrac offshore crane.
The company’s research shows that total free cash flow (FCF), a company’s cash from operations after accounting for outflows and asset maintenance, will balloon to US$834 billion, a 70% increase from the US$493 billion profits in 2021.
The Houston-based oilfield service company specialising in safe and efficient delivery of casing and tubing services, has signed an exclusive agency agreement with AlMansoori, a leading oilfield services provider based in Abu Dhabi, U.A.E.
Launched in late 2017, this first phase (Mero-1) includes a floating production, storage and offloading unit (FPSO) with a production capacity of 180 000 barrels of oil per day.
The company has secured a major cornerstone investment from Helmerich & Payne, one of North America’s largest land drilling solutions providers.
Work is continuing to confirm potential recoverable resources, but Neptune’s preliminary estimate is 8-24 million boe.