Upstream news

Adjusted net income attributable to the company was US$83 million, or 10 cents per share, in the quarter ended June 30, compared with US$91 million, or 12 cents per share, in 1Q21.

Tolmount first gas will be delayed beyond the end of July and is now likely to be around year-end, due to issues identified in electrical systems on the HGS Tolmount platform.

ESAI has examined vaccination trends in the top 25 oil-consuming countries, looking at case load, vaccine access, vaccine hesitation and government actions, in order to forecast vaccination rates and determine when the likelihood of lockdowns and diminished economic activity should drop considerably.

The Nabors SmartROS platform can now integrate with Halliburton’s Digital Well Program, creating synergies between well planning and rig operations.

Fugro will employ its specialised survey technology to inspect the subsea infrastructure, including pipelines and structures, and to undertake survey activities in advance of future drilling campaigns on the Cygnus field.

The company recorded a net income of US$227 million for 2Q21, compared to US$170 million in 1Q21.

The work programme is scheduled to last approximately four months and to start the process of converting approximately 100 million boe (gross) of 2C resources into 2P reserves.

Borr Drilling's Prospector-1 jack-up is expected to arrive on location in the Dutch North Sea before the end of July and to remain on contract with Kistos for approximately four months.

Subject to the result of the discussion and feasibility study, the business alliance contemplates the establishment of a joint venture company by the end of 2021.

The contract positions Petrofac to support the Clipper South complex, Leman Alpha assets, Bacton Terminal, and ONEgas Barge campaigns in the Southern North Sea.