Drilling & production

Valaris upgraded the vessel’s electrical system to secure the notation, which recognises sophisticated system design to improve reliability and enhance protection.

The Evelyn field is expected to be on production, via the Triton FPSO, in 4Q22.

According to GlobalData, the merger adds significant oil production for Woodside and will ultimately lead to a more carbon-intensive product base over the near term.

The companies will collaborate to drive industry standardisation and sustainable development, as Russia’s energy sector seeks to encourage industry participation by international companies in its drive to expand at home and abroad.

The updated resource estimate of approximately 10 billion boe includes another significant discovery on the Stabroek block at the Cataback well.

Over 200 000 MT of oil production equipment was carried through the Russian Inland Water System to the Tengiz field in Kazakhstan.

Four wells on Statfjord Øst will be drilled with the COSLPromoter rig from the spring of 2023.

The agreement, signed at the St. Petersburg International Gas Forum, documents the intention of both parties to work together in jointly determining applications and solutions that can benefit from the introduction of new technologies for oilfield services.

The output of the UK’s gas fields in the North Sea and Irish Sea is falling, partly because, according to OGUK, too few new fields have been developed.

The new contracts are worth a total of US$70 million.

Shell's remaining assets in the Mars corridor in the Gulf of Mexico, Mars and Ursa, remain shut in.

The combined company has assumed the Expro Group Holdings N.V. name and will begin trading on the New York Stock Exchange on 4 October 2021 under the ticker symbol “XPRO”.

The potential joint offer will include digital solutions developed by PGNiG as a part of the company’s 'Smart Field' programme.

More than 99% of Cabot shareholders and more than 90% of Cimarex shareholders were in favour of the merger.

The company continues to forecast that average production for the year is expected to remain within the range of 8500 - 10 500 bpd.