Upstream drilling news

The rig acquisition is expected to create around 100 jobs in a variety of onshore and offshore roles.

MacGregor, part of Cargotec, has secured a contract with Otto Candies to deliver an active heave compensated FibreTrac offshore crane.

The company has secured a major cornerstone investment from Helmerich & Payne, one of North America’s largest land drilling solutions providers.

Work is continuing to confirm potential recoverable resources, but Neptune’s preliminary estimate is 8-24 million boe.

Upwing Energy will introduce its new comprehensive integrated End2End (E2E) service boosting production and recoverability in conventional gas wells at the 2022 Offshore Technology Conference (OTC).

1Q22 safety results show a stable trend in the number of serious incidents and with regards to personal injuries. No incidents with major accident potential have been recorded during the first quarter.

The three new discoveries offshore Guyana have increased its estimate of the recoverable resource for the Stabroek Block to nearly 11 billion boe.

The Ministry of Petroleum and Energy (MPE) has extended the production licenses in the Greater Ekofisk Area from 2028 to 2048.

The project will boost production at the existing Maria field in the Norwegian Continental Shelf. The contract includes subsea trees, spools, jumpers, and flexible pipes.

The transaction will contribute to the optimisation of Maersk's fleet in line with the company's strategic priorities.