Upstream drilling news

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.

SPM said the pump longevity increased uptime and reduced total cost of ownership.

TotalEnergies has announced that it has finalised the acquisition of the interests of OMV (50%) and Sapura Upstream Assets (50%) in SapuraOMV Upstream, an independent gas producer in Malaysia.

Sound Energy gas announced the completion of the sale of the share capital of Sound Energy Morocco East Ltd.