Upstream news

75% of contractors anticipate moving into renewables work over the coming three to five-year period, the highest level recorded since the question was first asked in 2015.

Shell currently has a target to reduce the carbon intensity of its products by at least 6% by 2023, by 20% by 2030, by 45% by 2035 and by 100% by 2050 compared with 2016 levels.

The Deepsea Stavanger mobile rig is scheduled to drill three exploration wells from February 2022.

Well management, production optimisation, well integrity studies, carbon capture storage well design and rig-less intervention solutions form the core of the recent work awarded.

Xodus Group has been commissioned to produce an updated Competent Person's Report on the Barracuda field offshore Nigeria.

ICR will continue to provude its Quickflange service to Apache's North Sea subsidiaries.

Tucker Energy Services will promote the sales, installation and services of Tendeka’s completion technologies across Trinidad, Suriname and Guyana.

The work for Santos included geophysical and geotechnical surveys, consisting of multiple Cone Penetration Testing (CPT) and borehole locations up to 100 m.

The loss includes impairment charges totalling US$567.1 million in respect of the Lancaster field, West of Shetland, and the company’s exploration assets and an associated deferred tax write-off of US$54.2 million.

Serica Energy said the well requires sand screens to be installed to prevent fine particles being produced – difficulties were encountered while running the screens and it was ultimately not possible to install them.