Upstream news
Neptune Energy commences drilling at Adorf gas field development
The well is being drilled with a rig operated by KCA Deutag, with final depth of around 4600 m expected to be reached in October this year.
ExxonMobil announces sale of interests in Montney and Duvernay Canadian assets
The company has announced that its Canadian affiliates, Imperial and ExxonMobil Canada, have entered into an agreement with Whitecap Resources Inc. for the sale of XTO Energy Canada, which is jointly owned by Imperial and ExxonMobil Canada.
Strohm supports Shell with TCP Riser delivery
Strohm supplies Shell with a static TCP Riser to support operations at one of its Southern North Sea assets.
Peterson Energy Logistics reaches agreement with Liberty Industrial for exclusive use of Great Yarmouth facility
The yard will be used to decommission offshore topsides, jackets and subsea equipment in line with Liberty Industrial’s sustainable commitments - to recycle, reuse or repurpose upwards of 95% of all salvaged waste and material.
MacGregor signs a two-year agreement with OnWatch Scout for AHC cranes
MacGregor, part of Cargotec, has signed a two-year OnWatch Scout agreement and has been selected to supply spare parts and services for the Offshore Support Vessel, MPV Everest.
Neptune Energy, ExxonMobil, Rosewood and EBN to cooperate on L10 carbon capture and storage
This stage of the L10 carbon capture and storage project has the potential to store 4-5 million t of CO2 annually for industrial customers within depleted gas fields around the Neptune-operated L10-A, B and E areas. It represents the first stage in the potential development of the greater L10 area as a large-volume CO2 storage reservoir.
Craig International wins major, long-term contract with INEOS FPS
Craig International has secured a major contract with INEOS FPS valued at over £20million. Following a competitive tender, the global energy procurement specialist has been awarded a five-year contract to deliver consolidated procurement services to INEOS FPS.
Targa Resources to acquire Lucid Energy from Riverstone Holdings and Goldman Sachs asset management for US$3.55 billion
Lucid’s Delaware Basin footprint overlays some of the most economic crude oil and natural gas producing acreage in North America. Current rig activity supports over 20 years of drilling inventory on Lucid’s greater than 600 000 dedicated acres
Harbour Energy announces US$200 million buyback programme
Harbour is pleased to announce the commencement of a share buyback programme of the Company’s ordinary shares for up to a maximum aggregate consideration of US$200 million.
Equinor agrees winter gas supplies with UK’s Centrica
Equinor and the UK’s Centrica have signed an agreement which will provide additional supplies of around 1 billion cubic meter (bcm) of gas for each of the coming three heating seasons.