Industry News

Saipem was awarded a new offshore contract by Shell Nigeria for the Bonga North Project and the development of a deepwater oil field 130 km off the coast of Nigeria. Saipem’s share of the overall value of the contract is approximately $900 million.The project is related to the tieback of wells to the existing FPSO. […]

Ventura Offshore Holding Ltd. was awarded a new contract with PetrPetrobras for the deployment of the ultra-deepwater (UDW) drillship DS Carolina to the Sepia and Atapu fields located in the Santos basin, offshore Brazil.The contract totalizes approximately $363 million for the 910-day firm contract term and includes $26 million for mobilization payments and an extension

Shell Offshore announced a Final Investment Decision (FID) on the Phase 3 Silvertip project, which will deliver two wells to boost production at the Shell-operated Perdido spar in the US Gulf of Mexico.The development concept for Phase 3 Silvertip includes two wells tied into existing subsea infrastructure. These wells are expected to collectively produce up

Halliburton introduced the Intelli suite of diagnostic well intervention wireline logging services to improve well insights to enable increased production, help extend asset life and reduce total cost of operations. These services can be combined or used separately.The services include the IntelliSat pulsed-neutron logging service for reservoir insights either in open hole or after a

Eni and the Ministry of Mines, Oil and Energy of Côte d’Ivoire signed contracts for the acquisition of four new exploration blocks in the country’s offshore. Under the agreements, Eni will be able to explore the area for up to 9 years.The blocks CI-504, CI-526, CI-706 and CI-708 cover a total area of about 5,720

Saipem and partner PT Meindo Elang Indah were awarded an offshore EPCI contract by BP. The contract is part of an integrated project known as Tangguh UCC Project comprising Ubadari field development, enhanced gas recovery through carbon capture, utilization and storage (EGR/CCUS) and onshore compression operated by BP and located in Papua Barat Province, Indonesia.

Last year, Weatherford launched AlphaV, a whipstock system designed to eliminate the need for sidetracking during casing runs. The system utilizes a shear bolt to release the milling assembly from the whipstock once the assembly is set, eliminating the risk of premature shearing while running in hole. In this interview with DC from the 2024

SLB launched Stream high-speed intelligent telemetry that is designed to overcome the bottlenecks and limitations of conventional mud pulse telemetry. Stream combines AI algorithms with SLB’s TruLink survey-while-drilling service. This provides uninterrupted, high-speed, high-fidelity real-time subsurface measurements with no data limitations, regardless of depth, in even the most challenging conditions.“For complex well profiles, transmission has

Weatherford has been awarded a three-year contract for the provision of rigless services as part of the reactivation of ADNOC onshore strings. The project is slated to begin in Q4 2024. Weatherford is expected to deploy multiple intervention solutions, advancing the operational efficiency and reliability of ADNOC’s onshore assets.The contract enables ADNOC to maximize well

Trillion Energy provided an update on the velocity string installation program at the SASB gas field in the Southwestern Black Sea. Currently, 2-3/8” production tubing (velocity string or VS) is being run into the Guluc-2 well. The VS are being installed with the objective of reducing water loading issues in the SASB gas wells.On 27

Panoro Energy’s C-45 infill well has been put onstream by the Block G operator, Trident Energy, at an initial gross rate in excess of 5,000 bopd on a restricted choke.This is the first of two planned infill wells at the producing Ceiba Field and Okume Complex and was drilled with the Noble Venturer drill ship

TotalEnergies’ Harald East Middle Jurassic nearby exploration well (HEMJ-1X) discovered additional gas condensate resources in the Harald field, in the Danish North Sea.Located in shallow waters 250 km off the west coast of Denmark, the HEMJ-1X well was drilled in the Eastern part of Harald field and encountered 48 meters of net gas condensate pay