Upstream news

Valaris has been awarded the contracts with Anadarko Petroleum Corp.

Innovex will retain intellectual property rights for the recently installed subsea tree orientation systems (VXTe) with the intent of licensing this technology to subsea tree manufacturers.

The newly installed equipment and facilities are working well and continue to be fine-tuned to optimise production.

This is ADNOC Drilling's fifth major and accretive contract in just over 2 months totalling up to US$4.8 billion.

Under the contract, Velesto will assign NAGA 5, one of its premium jack-up rigs, to drill a firm 15 wells with operations scheduled to commence in June 2025.

Equinor has struck oil in exploration well 7720/7-DD-1H, Drivis Tubåen, on the Johan Castberg field in the Barents Sea.

Morris Hoagland explores the ways produced water can be reused in and outside the oilfield and the opportunities this creates.

“Adura” has been chosen as the name for Equinor and Shell’s incorporated joint venture (IJV).

Garry Stephen, Vice President, UK and Asia, Oil States, examines the new bar being set in safety and efficiency standards for drilling complex wells.

Fugro has been awarded a contract to run a comprehensive site characterisation programme for an Eni operated development of a deepwater gas project in the Eastern Mediterranean.