US upstream news

ADNOC Drilling, Weatherford, Halliburton and Schlumberger were the winners of the contracts from ADNOC.

TotalEnergies will resign as operator of the North Platte deepwater project in the US Gulf of Mexico.

BCCK, along with its sister company NG Resources, will design and build the facility.

The project covers the tie-back of four subsea wells to the Shenandoah host facility through a subsea manifold with dual flowlines and risers.

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.

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.

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.

Valaris has been awarded two one-well contracts by Murphy Oil Corp. for semisubmersible VALARIS DPS-5.

The new 15 000 ft2 Houston facility will support the company's operations in US onshore unconventional plays.