Oil & gas news

Halliburton Company has introduced the FlexRite® Selective Access multilateral completion system to address more complex and demanding well scenarios

The company has reported that substantial drilling activity, averaging 53 000 wells per year through to 2030, will help elevate production of crude, condensate, natural gas and natural gas liquids (NGLs) to a high of 173 million boe/d by 2030, up 9% from 159 million boe/d in 2022.

As part of its scope, DeepOcean removed six subsea conductors and four vertical supports at varying water depths and removed the upper conductor guideframes with an estimated weight of 400 t.

The new business, which will adopt the OneSubsea name, will drive innovation and efficiency in subsea production by helping customers unlock reserves and reduce cycle time.

The company has announced two awards from Vår Energi that expand its regional presence in the North Sea for exploration logging, well intervention technology and subsea production systems.

Aker BP has awarded Multiconsult Norge AS a contract for civil engineering, consultancy and supervision services in the Yggdrasil power from shore project.

Halliburton has introduced EquiFlow Density autonomous inflow control device to enhance hydrocarbon recovery.

Mark Temple, Operations Coordinator at Coretrax, and Iain McHattie, General Manager – North Sea and Europe at Lee Energy Systems Inc., discuss the companies’ recent collaboration for a North Sea P&A project.

This acquisition adds to HEYCO’s expanding European portfolio, following the purchase of a gas field in Northern Spain and the establishment of a Madrid office in 2022.

As consideration for the sale, Talos received US$74.85 million in cash at closing, with an additional US$49.90 million due upon first production, for an aggregate price of US$124.75 million.