Upstream news

SBM Offshore will construct, install and then lease the FPSO and operate it for a period of up to 2 years at the Yellowtail development project.

Continental Resources’ decision to acquire Pioneer Natural Resources’ Delaware Basin assets will raise the company’s production by around 58 000 boe/d to reach 390 000 in 2022, according to GlobalData.

Schlumberger, Weatherford and Baker Hughes were among the companies to receive contracts for wellheads and related components, downhole completion equipment and related services, and liner hangers and cementing accessories.

The TCC RotoMill wellsite processing solution allows drilling waste to be processed at the source, eliminating the requirement to ship drilling waste long distances for treatment.

TechnipFMC will provide project management, engineering, manufacturing and testing capabilities to deliver the overall subsea production system.

The company has been awarded two Letters of Intent by Petrobras for the charter, operations and maintenance of Integrado Parque das Baleias.

The two contracts are for a total amount of over US$600 million.

EnerMech will deliver tensioning, torquing and associated services across all of TAQA’s North Sea platforms.

The assets Neptune is divesting include the producing Draugen, Brage and Ivar Aasen fields.

In its latest report, ‘Key Upstream M&A Deals in 2021’, the data and analytics company reveals that the total number of deals in the US upstream sector grew from 388 in 2020 to 420 in 2021.