Upstream news

A report by IHS Markit attributes the decline in conventional discoveries to low oil prices, competition from short cycle-time unconventional projects, and financial investors questioning long-term, high-cost, frontier projects.

The contract is for the Golfinho development, a deepwater discovery off the coast of Mozambique that will be developed as a subsea system tied back to an onshore liquefied natural gas (LNG) facility.

The contract is the first signed in the industry for the use of advanced wireless drone services.

The controls technology company has established two separate divisions – namely Proserv Controls and Gilmore, a Proserv Company, which will sit under the umbrella of the parent company, Proserv Group, commonly known as Proserv.

The Netherlands recently announced that production at Groningen – Europe’s largest gas field – will be halted in 2022, eight years earlier than initially planned.

The decommissioning project comprises seven offshore gas platforms located approximately 135 nautical miles east of Halifax, Nova Scotia, Canada on the edge of the Scotian Shelf.

The work is for the Azeri Central East project in the Azeri-Chirag-Deepwater Gunashli field in the Caspian Sea.

The company has agreed to sell its 5.0304% interest in the Nyhamna terminal to CapeOmega and its 13.2550% interest in the Polarled pipeline to Solveig Gas Norway.

Valaris will provide the Rowan Gorilla VI (VALARIS JU-248) to drill four firm wells for the development, which is located in the Central North Sea.

The transaction adds two new operated hubs to Chrysaor’s portfolio in the UK Central North Sea - Britannia and J-Block – in addition to an interest in the Clair Field area.