Upstream news

The contract is with a marine vessel owner and operator for deeper water well intervention projects, mainly in the Asia-Pacific region.

2021 is forecast to see a bump in both field starts and final investment decisions across the Europe, Middle East and Africa (EMEA) region, says GlobalData.

Due to the challenging field criteria at the site of the FPSO in the Gulf of Mexico, SOFEC developed a first of a kind Disconnectable Tower Yoke Mooring System.

The system attaches to the perimeter frames of helidecks to protect personnel from falling and prevent loose objects from becoming dynamic Drops hazards.

Nucore Group has been awarded contracts to provide heating, ventilation, air conditioning and refrigeration maintenance, as well as fire safety services, to operators in the North Sea.

Projects were concentrated in Russia and Uzbekistan and the Group drilled 1.33 million m (2019: 1.37 million m). Similarly, the number of wells drilled was almost identical - 344 (2019: 350).

The SABER Tool uses internally directed pressure differentials to steer from the drill bit face, delivering true 'at-bit' geosteering.

The company now holds a 45% interest in the project in Lincolnshire, UK.

The order of four pumps from VWS Westgarth, which supplies and operates sulfate reduction membrane systems, was for chemically enhanced backwash pumps to be installed aboard two FPSO vessels operated by Petrobas off the coast of Brazil.

Oil prices started the week boosted by the US stimulus bill that the US House of Representatives passed but a risk of bearish developments could trim gains going forward.