Upstream drilling news

Seatrium has been awarded a contract for a deepwater new-build floating production unit in the US Gulf of Mexico.

Baleine is the first net zero emission Upstream project (Scope 1 and 2) in Africa, made possible through the adoption of advanced technologies, which minimise the operations’ carbon footprint.

Danny Salinas, Federico Mezzatesta, and Jessica Stump, NOV, explain how using a high-capacity, intuitive shaker can enhance drilling performance and efficiency.

EnerMech secures extension for long-standing crane maintenance partnership in Australia.

Transocean Ltd. has announced that a four-well option was exercised for the Dhirubhai Deepwater KG1 with Reliance Industries Limited in India.

The contract covers the design and manufacture of subsea tree systems, manifolds, jumpers, controls, and services.

The Board of Tullow noted the recent media speculation and confirmed that it is in preliminary discussions with Kosmos Energy Ltd regarding a possible all-share offer by Kosmos for the company.

Subsea7 today announced the award of a sizeable contract by Shell Offshore Inc. in the US Gulf of Mexico.

CNOOC Ltd has announced that CNOOC Energy Holdings U.S.A. Inc., a US-based subsidiary of its wholly owned subsidiary CNOOC International Ltd., has entered into a Stock Purchase Agreement (SPA) with a subsidiary of INEOS Energy for the sale of CNOOC Holdings U.S.A. Inc.

EIA reported that 2Q24 financial results for 34 E&P companies suggest increasing well productivity is helping these companies reduce production costs on a per bbl basis and freeing up cash for other uses such as dividends and share repurchases.