Drilling & production

Valaris has reached an agreement with approximately 50% of its noteholders on a prearranged plan that would reduce debt by more than US$6.5 billion.

In direct continuation of its previously announced work scope, the Maersk Integrator rig will move to the Ula field offshore Norway in April 2021 to drill the Ula F – Producer 1 well.

In the six months to 30 June, ERIELL drilled 638 911 m and built 175 wells, including 103 wells drilled in Russia.

Nick Walker will become President and CEO of Lundin Energy following Alex Schneiter’s decision to step-down from the position.

West Newton could represent the largest UK onshore oilfield discovery in decades.

William H. Milne will be responsible for growing relationships with US domestic oilfield service companies and developing new business with clients in the artificial lift sector.

Abrado, a leader in surgical removal of multiple casing sections downhole, has appointed Jason Broussard as President and CEO.

The company is also undertaking a major review subsurface review of the Songo Songo gas field offshore Tanzania.

The contract's scope includes international payroll and personnel support services.

The drilling repair company MRDS has been acquired by Aberdeen-based investment firm Garrick Group.

Anders Opedal will assume the position of president and CEO of Equinor from 2 November 2020.

The Tilapia licence is located in the Republic of the Congo.

Cerebo Force in-bit sensors are designed to capture weight, torque and bending measurements directly from the bit.

The drillship Noble Sam Croft will begin drilling in 4Q20 after the rig finishes its current programme offshore Suriname.

Hurricane has concluded that there is a reasonable probability that the oil water contact in the Lancaster field is shallower than the range of oil water contacts envisaged in the 2017 Competent Person’s Report by RPS Energy.