Oil & gas news
ExxonMobil makes two discoveries offshore Guyana
The Fangtooth and Lau Lau discoveries in the Stabroek block will add to previous recoverable resource estimate of 10 billion oil-equivalent barrels.
Valaris awarded projects in Gulf of Mexico and North Sea
The four contracts awarded to Valaris include a one-well contract with Kosmos Energy in the US Gulf of Mexico for semisubmersible VALARIS DPS-5.
IOG spuds Southwark development well
First gas is expected at Southwark in mid-2022 after the planned installation in 1Q22 of the 6 km Saturn Banks pipeline extension to the Southwark platform.
ADNOC invests in long-term development of Umm Shaif field
A US$946 million EPC contract has been awarded by ADNOC Offshore to National Petroleum Construction Company for the development of the Umm Shaif field.
TGS and WesternGeco announce Engagement Phase 2 in US Gulf of Mexico
The 168 OCS block survey began in August 2021 and is expected to be completed during the first quarter of 2022.
Finalists announced for Subsea Expo awards
The prestigious awards ceremony, organised by the Global Underwater Hub, will take place on 23 February, 2022, at P&J Live in Aberdeen.
EIA: US natural gas production will establish new monthly record high in 2022
The US EIA forecasts that US dry natural gas production will increase from 95.1 billion ft3/d in October 2021 to 97.5 billion ft3/d by December 2022.
Hunting forms JV with Jindal SAW Ltd
Hunting PLC has announced an agreement to form a new 49:51% joint venture with Jindal SAW Ltd.
Rystad Energy: US gas flaring hit record low in September
The most significant contributors to this steep decline were the Bakken and Permian plays, which saw reduced flaring of around 50 million ft3/d each in September.
ADC Energy awarded rig inspection contracts
The extensions will see the business continue to provide its specialist integrated rig inspection services to assets across Europe, West Africa and the Gulf of Mexico.