Upstream news
Vallourec equips Total North Sea rig with 3D printed safety component
The first ever pressure-containing component to be produced using Wire Arc Additive Manufacturing technology (WAAM) was successfully ran on Total’s Elgin-Franklin rig in the North Sea.
Jadestone Energy acquires SapuraOMV assets in Malaysia
The company will acquire interests in four licences, two of which will be operated by the company, for a total initial headline cash consideration of US$9 million.
Shearwater acquires streamers and seismic equipment
Shearwater will take take over marine seismic acquisition assets previously owned by Polarcus, from Tiger Moth AS.
Oil prices rise on demand uptick hopes and weak US dollar, but back to back gains pose risk
Oil prices are rising today as a result of optimism for a coming demand uptick in key economies such as the US, China and the UK, and also assisted by a weak dollar; back to back gains pose a risk amid the worsening Covid-19 situation in India however.
ABB supporting Equinor with development of autonomous platforms
ABB is to deliver automation solutions for the Krafla oil and gas field development.
Lamprell awarded EPCI contract by Saudi Aramco
The scope of work includes the supply and installation of three drilling jackets and two new single well observation jackets/decks.
AGR awarded well planning contract for Jade Prospect offshore China
The contract, signed with Empyrean Energy, will see AGR provide offset analysis and detailed well design engineering to ensure safe project delivery.
Equinor releases 1Q21 results
The company achieved adjusted earnings of US$5.47 billion and US$2.66 billion after tax in 1Q21.
Shell announces 1Q21 profits
Shell has announced a profit of of US$3.23 billion in the first three months of 2021.
Total reports profit in 1Q21
Total reported an adjusted net income of US$3 billion for January-March, up 69% year-on-year, and 9% above 1Q19 levels.