Drilling & production

The sale consists of approximately 78 700 net acres located in the Little Knife and Murphy Creek acreage interests in the Bakken in North Dakota, US.

Enverus' summary of 1Q21 US upstream M&A activity shows US$3.4 billion in deal value was transacted during the quarter – an 88% decline from 4Q20.

Production start-up at the Mero 1 field has been delayed from 4Q21 to 1Q22.

The partnership will provide E&P companies with solutions that optimise rod lift and plunger lift wells.

Storm Uri is expected to have an aggregate adverse impact of up to US$200 million on the company's adjusted earnings in 1Q21.

CNOOC Well Control Centre has developed new classrooms and installed several MultiSIMs, DrillSIM:5s and DrillSIM:Educators at its training centre in Tianjin, delivered by 3t-China and simulator developer, Drilling Systems.

Full environmental approval paves the way for the grant of a full production licence from Italy's Economic Development Ministry.

Bernard Looney, CEO, said the reaching of the target was the result of "earlier than anticipated delivery of disposal proceeds combined with very strong business performance during the first quarter."

The company's multi-year, multi-well drilling campaign offshore Ghana has began with the commencement of drilling of the first well at the Jubilee Field.

The agreement will increase Neptune’s existing interests in the Adorf, Apeldorn and Ringe gas fields and in the Adorf-Scheerhorn, Georgsdorf and Ringe oilfields.

The MoU covers cooperation in exploration of hydrocarbon resources and gas production in Ukraine.

The company aims to grow turnover by 20% annually for the next five years by expanding its oil and gas, rail, defence and FMCG presence and diversifying into renewables.

The contracts have been awarded for work in Pakistan, Russia, Kurdistan, south-eastern Europe and Germany.

The companies' agreement provides for the creation of a gas and crude oil development hub through a synergy with existing MLE-CAFC installations.

Pro forma for the acquisition, Noble will own and operate a high specification fleet of 24 rigs, with 11 drillships, 1 semisubmersible, and 12 jackups.