Oil prices are set to close the week with notable gains as the market got a boost from positivity over the speed of the oil demand’s recovery.
Upstream news updates
Leading the group is unmanned aviation business Flylogix, who alongside US gas sensor technology company SeekOps and supported by OGTC, are operationalising the accurate measurement of methane emissions in the offshore environment.
The drillship Maersk Viking will be employed to drill an ultra-deepwater exploration well in Block F13 offshore Gabon.
For the first time in Europe, Focused Magnetic Resonance (FMR) technology, developed by Weatherford International was used in undertaking the comprehensive study of the reservoir.
The partnership will see Gregg Drilling mobilise its seabed drills onto Ocean Infinity's Armada fleet of uncrewed and optionally crewed vessels.
The agreement, which officially commenced on 1 April, appoints Welltec as the sole provider of downhole conveyance and powered mechanical services to Petronas in both East and West regions of Malaysia.
Taurob and Equinor are partnering up to introduce autonomous ATEX-certified robots to Equinor's oil and gas installations offshore Norway.
Once online at BP's US$9 billion Mad Dog 2 project, Argos, a semi-submersible, floating production platform, will be the company’s fifth operated platform in the Gulf of Mexico.
Located in Abu Dhabi and Qatar, the contracts incorporate a wide range of recurring brownfield riser analysis projects, with future greenfield opportunities.
The extension, awarded eight months ahead of the renewal date, takes Petrofac’s contract for operations, maintenance, engineering and construction support for NEO Energy’s UK activities, through to December 2022.
The eight-year contract with the Norwegian Petroleum Directorate will see Halliburton deploy and operate Diskos, Norway's national repository of seismic, well and production data.
More oil news updates
The agreement will see an array of torque tools, control systems and associated peripherals from the subsea control systems specialist made available to customers through Ashtead Technology’s nine customer service hubs.
The company is reprocessing the Kyranis 3D seismic survey, which covers blocks in current exploration license rounds offshore Timor-Leste and Australia.
The company has spudded the Elgood development well, 48/22c-H1, located in the UK North Sea.
The two-and-a-half-month project will commence in April 2021 and will be conducted by the SW Vespucci.
Block 115/09 covers an area of 7382 km2, with a water depth ranging from 90 m to 1000 m, and is bordered by Block 116, also operated by Eni.
The wildcat wells will be drilled about 10 km west of the Fram field.
Penspen has been chosen to provide the procurement and construction of flowlines and wellhead installations for 51 wells in ADNOC Onshore’s oilfields at Shah, Qusahwira and Mender in Abu Dhabi, UAE.
The code is designed to promote ‘best practice’, so that ROV inspections are as safe, economic and efficient as possible.
The Lake Albert development encompasses the Tilenga and Kingfisher upstream oil projects in Uganda and the construction of the East African Crude Oil Pipeline (EACOP) in Uganda and Tanzania.
The contract is for Velesto’s jack-up rig NAGA 4 to drill seven firm wells, with an estimated contract value of US$17.68 million.
The agreement includes both 3D new acquisition offshore the Lamu Basin and reimaging vintage data offshore Kenya.
A series of tests were successfully performed on a Weatherford test rig in Houston, US, to demonstrate and verify the integration and functionality of the managed pressure drilling and automated well control technology.
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.