Upstream news

Vår Energi and Lundin Energy Norway have joined Shearwater and Equinor to accelerate the development and commercialisation of a sustainable marine vibratory source technology.

The contract covers flexible and rigid pipe, umbilicals, pipeline end terminals, rigid jumpers, umbilical termination assemblies and a mooring system.

Halliburton has reported an adjusted net income of US$320 million in 4Q21, double that from a year earlier, prompting the oilfield services company to lift its dividend following a rebound in crude and natural gas prices.

Wireline logging operations have been completed on the well, with the oil column deemed to be residual and uncommercial.

The Theta West #1 well on Alaska's North Slope is targeting two primary targets which combined are estimated by the company to contain 12.1 billion barrels of oil in place with an estimated 1.4 billion barrels of recoverable resource.

The contract, which is worth US$$300 000 (£225 000), is expected to take between four and six months and is scheduled to be completed in 1Q22.

Nexstep, the Dutch National Platform for Re-use & Decommissioning, says it is the first time that wells from this many different operators will be removed together in one campaign.

Fugro has been contracted to support installation of an anchoring system for the FPSO vessel Sepetiba.

Heerema will use the semi-submersible crane vessel Sleipnir, which runs on emission-reducing LNG and has a lifting capacity of 20 000 t, to install the jackets at the Marjan offshore field.

The JV will see the creation of an OCTG 130 000 ft2 threading plant in Nashik, India, targeted to be operational by the end of 2022.