Upstream news

Baker Hughes and Halliburton have said North American oil markets are showing signs of recovery as the two companies beat Wall Street expectations for 1Q21 earnings.

Drilling has begun on four production wells on the Duva field in the Norwegian sector of the North Sea.

The South East Collins Cluster, located in water depths of 42 to 45 m 70 km north east of Labuan Island offshore Malaysia, comprises two fields.

Rystad Energy is downgrading its peak oil demand forecast to 101.6 million bpd, a pinnacle that will come in 2026, which is earlier than previously thought.

The new PleXus system offers E&P industry users access to subsurface geoscience assets.

The two-month project saw FourPhase’s DualFlow desander system deliver an initial diagnostic intervention to identify and confirm the source of sand from wells on the platform.

Crew Hawk integrates multiple technologies into a zone management system that tracks the locations of people and moving equipment on the drill floor in real-time.

In direct continuation of the Maersk Integrator rig’s work scope, the rig will drill an exploration well for Aker BP offshore Norway.

Recoverable resources are so far estimated at between 3 and 4.2 million m3 of recoverable oil equivalent, corresponding to 19 – 26 million boe.

Fugro is supporting Jumbo in the installation of 35 subsea torpedo piles and 24 mooring lines down to water depths of 1980 m.