Drilling & production

The 10-year contract comes with options to extend for a further two years and, with those options included, has a total value around US$550 million.

The increased production is due mainly to production start-up from the Gjøa P1 infill development in February and the Duva field tie-back in August.

The hub would enable both parties to jointly develop new AI-powered innovations to facilitate the carbon reduction of complex energy-intensive assets throughout Saudi Arabia and abroad.

Deployed to support a major Saudi operator, the expandable technology was brought in when water ingress on a producing well led to decreased oil recovery.

GeoVolve HAMMER, powered by HydroVolve’s field proven INFINITY engine, uses percussive impulse energy to fracture the rock ahead of the drill bit, enabling deep drilling into hot, hard rock easier and faster.

Halliburton has reported an adjusted net income of US$320 million in 4Q21, double that from a year earlier, prompting the oilfield services company to lift its dividend following a rebound in crude and natural gas prices.

Anders Arefjord, Founder & Business Development, FourPhase, explains why opportunities presented by remote and automated operations mean that a real window for change in solids management has opened.

The Theta West #1 well on Alaska's North Slope is targeting two primary targets which combined are estimated by the company to contain 12.1 billion barrels of oil in place with an estimated 1.4 billion barrels of recoverable resource.

The contract, which is worth US$$300 000 (£225 000), is expected to take between four and six months and is scheduled to be completed in 1Q22.

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.

Will Scargill, Managing Energy Analyst at GlobalData, estimates that ExxonMobil's scope 3 emissions will increase by around 15% over the next five years.

Drilling operations have been completed on the Anchois gas project within the Lixus licence, offshore Morocco.

Valaris has been awarded two one-well contracts by Murphy Oil Corp. for semisubmersible VALARIS DPS-5.

The net zero aspiration applies to Scope 1 and Scope 2 greenhouse gas emissions.

Wintershall Dea holds participating interests in a total of nine exploration licences in Brazil, spread over the Potiguar, Ceará, Campos and Santos basins.