Drilling & production

The combined purchase price and anticipated development capital represents an incremental ~US$450 million commitment to the Eagle Ford for Warwick.

The company has also won long-term work with operators for its swellable packers and sand and inflow control technologies across key energy hubs.

Pharos Energy has reached an agreement for the farm-out and sale agreement for a stake in the El Fayum and North Beni Suef Concessions with IPR.

Halliburton will collaborate with Energean to deliver exploration, appraisal, and development wells offshore Israel.

Offering and price range are expected on 13 September, and the final offer price will be set on 27 September.

Several riser joints and the lower marine riser package separated from the Noble Globetrotter II ultra-deepwater drill ship during the storm and sank to the seabed.

First production from the well in the UK North Sea was achieved on 23 August.

Estimated recoverable reserves from Solveig are 9.2 million m3 of oil equivalent in Phase 1.

The company has said that all options will be considered, including the sale of some or all the assets.

Aker BP’s preliminary resource estimate for the discovery was between 13 and 32 million m3 of recoverable oil, but this is likely to be downgraded.

The Sapote-1 prospect is located in the south eastern section of the Canje Block, operated by ExxonMobil.

The Timi development features Shell's first wellhead platform in Malaysia powered by a solar and wind hybrid renewable power system.

Recoverable volumes from Troll phase 3, which will produce the Troll West gas cap, are estimated at as much as 347 billion m3 of gas.

INEOS acquires 61.5% of the Syd Arne oilfield, currently operated by Hess, which complements the 36.8% share INEOS already holds in the field. INEOS will also acquire 4.8% of the Solsort field, which is already operated by INEOS.

Once delivered from the shipyard, the Deepwater Atlas is expected to commence operations at the Shenandoah project in 3Q22, with the initial drilling programme expected to last approximately 255 days.