Oil rig news

Axis Energy Services has announced its successful deployment of a fully electric well service rig on wells operated by Occidental.

Danos has announced it has secured a contract with bp to renew its comprehensive drilling logistical services for the integrated energy company’s Gulf of Mexico assets.

Seatrium Limited, has been awarded a contract by Shell Offshore Inc. to construct and integrate the hull, topsides and living quarters of the Sparta semi-submersible floating production unit (FPU).

Equinor and SOCAR (State Oil Company of Azerbaijan Republic) have signed an agreement whereby Equinor will divest all its remaining assets in Azerbaijan to SOCAR.

ExxonMobil has started production at Payara, Guyana’s third offshore oil development on the Stabroek Block, bringing total production capacity in Guyana to approximately 620 000 bpd.

CNOOC Limited has announced that Penglai 19-3 Oilfield Area 5/10 Development Project has commenced production

Recoverable oil was proven in connection with drilling well 31/4-A 13 E in the northern part of the North Sea. OKEA ASA is the operator.

Depositing cement into a well is key to placing effective environmental barriers as this prevents pollution at the surface and prohibits the emission of harmful methane gasses. This assists the oil and gas market to incorporate more environmentally responsible practices.

Arena Energy, LLC, has announced it was awarded seven leases by the Bureau of Ocean Energy Management (BOEM) in Lease Sale 259 .

The Johan Castberg partnership, consisting of Equinor, Vår Energi and Petoro, is updating the project cost estimate. The investment estimate has increased by almost NOK 13 billion since last year.