Oil & gas news
West Aquila cancels drillship resale contract with DSME
West Aquila has cancelled the resale contract for the 7th generation ultra-deepwater drillship West Aquila due to delay of delivery, as well as what it claims to be a repudiatory breach of contract.
Shell contracts Valaris drill ship
Shell will use the VALARIS DS-10 for drilling one well offshore Namibia and Sao Tome and Principe.
GlobalData: US shale producers remain disciplined despite high oil prices
Most US shale producers are being conservative in their production and capital guidance, as priorities remain around protecting balance sheets and generating free cash flow, according to GlobalData.
Africa Geophysical Services purchases STRYDE nodes for exploration in Oman and Africa
Africa Geophysical Services will use STRYDE’s nodes to obtain data for oil and gas exploration projects in Oman and Africa.
SNC-Lavalin completes sale of Resources Oil & Gas business
The sale to Kentech was completed on 15 August, following receipt of Saudi Arabian regulatory approval.
Woodside and BHP commit to oil and gas business merger
The merger is expected to be completed in the second quarter of the 2022 calendar year with an effective date of 1 July 2021.
Lukoil begins exploratory drilling at Gulf of Mexico block
The Yoti West-1 Exp well is being drilled by the Valaris 8505 semisubmersible rig.
Eni starts production from Cuica field offshore Angola
Production has started from the Cuica field via the Armada Olombendo FPSO vessel.
DOF Subsea-Aker Solutions JV awarded subsea decommissioning work
KDS JV AS will carry out subsea decommissioning work for DNO in the Norwegian Continental Shelf.
Fugro awarded IRM contract in Brazil
The contract is set to begin in 4Q21 and will be accomplished from the Fugro Aquarius using two Fugro-built 3000 m work-class remotely operated vehicles.