Upstream news

The four contracts awarded to Valaris include a one-well contract with Kosmos Energy in the US Gulf of Mexico for semisubmersible VALARIS DPS-5.

First gas is expected at Southwark in mid-2022 after the planned installation in 1Q22 of the 6 km Saturn Banks pipeline extension to the Southwark platform.

A US$946 million EPC contract has been awarded by ADNOC Offshore to National Petroleum Construction Company for the development of the Umm Shaif field.

The 168 OCS block survey began in August 2021 and is expected to be completed during the first quarter of 2022.

The US EIA forecasts that US dry natural gas production will increase from 95.1 billion ft3/d in October 2021 to 97.5 billion ft3/d by December 2022.

The most significant contributors to this steep decline were the Bakken and Permian plays, which saw reduced flaring of around 50 million ft3/d each in September.

The extensions will see the business continue to provide its specialist integrated rig inspection services to assets across Europe, West Africa and the Gulf of Mexico.

The £multi-million agreement will see Aberdeen-headquartered FMS provide Well-Safe Solutions with marine consultancy services, including provision of equipment, marine services, and survey and marine engineering.

ICR has been awarded a long-term hire contract with Aker Solutions for the provision of Quickflange weldless connections for BP’s offshore assets in Angola.

The company recently completed a challenging subsea inspection, repair and maintenance project for Ithaca Energy on a Floating Production Facility.