Industry News

Energy services provider Expro successfully completed a well cement placement project for a large international operator in the US Gulf of Mexico, delivering an inner-string cementing on a subsea well’s 22-in. surface casing in a water depth of approximately 2,000 m in the Mississippi Canyon area. When integrated with Expro’s other well construction technologies, the company’s Cure technology range – including SeaCure, QuikCure and CoreCure – offers a comprehensive package for ultimate cement placement.Expro’s Cure technologies allowed the operator to overcome ongoing offset well challenges. These included prolonged wait on cement (WOC) periods when transitioning directly from the jet string

Petronas’ subsidiary, Petronas Suriname, has made an oil discovery at the Roystonea-1 exploration well in Suriname’s Block 52.The well, located about 185 km offshore at a depth of 904 m, was successfully drilled to a total depth of 5,315 m. It also encountered several oil-bearing Campanian sandstone reservoir packages. Further evaluation is being undertaken to determine the full extent of this discovery and its potential development synergy with the Sloanea-1 discovery made in 2020 within the same block.“Petronas views the Roystonea-1 oil discovery as a positive development towards realizing our differentiated barrel strategy for international upstream ventures, focusing on a

SLB’s End-to-end Emissions Solutions business (SEES) has been selected by Eni to deliver fugitive methane emissions measurement and reporting plans for the operator’s facilities.The project aims to provide Eni with an accurate account of its fugitive methane emissions for transparent reporting purposes and to inform Eni’s strategic efforts to reduce them. Methane is a potent greenhouse gas (GHG) that has a climate change impact up to 84 times greater than carbon dioxide over a 20-year timescale and represents about half of the oil and gas sector’s operational emissions.“Working collaboratively with Eni, we are leveraging our deep knowledge of OGMP 2.0

Valaris announced that ARO Drilling, its 50/50 joint venture with Aramco, has secured financing for its first two newbuild jackups, Kingdom 1 and 2. ARO Drilling entered into a $359 million term loan with a syndicate of local Saudi Arabian banks to finance the deliveries, with the proceeds being used to pay the remaining shipyard purchase price for Kingdom 1 and 2 as well as for general corporate purposes. The loan matures in eight years and has a 16-year amortization profile with a 50% balloon payment due at maturity.Kingdom 1 is expected to be delivered and commence its contract with

SLB, Amazon Web Services (AWS) and Shell Global Solutions Nederland BV (Shell) have signed a multi-year three-way collaboration agreement to deliver digital end-to-end workflows for Shell, using SLB subsurface solutions on AWS cloud infrastructure.The partnership will deliver subsurface digital solutions to be used by Shell and made available to the industry. The digital workflows will use the OSDU Data Platform standards to improve the positive customer experience by increasing efficiency and collaboration while producing better insights for Shell and the energy industry.“Cloud-based computer power and reliable, available OSDU Technical Standard-compliant data will be a foundation for efficient subsurface workflows and

Baker Hughes received two awards from Vår Energi that will expand its regional presence in the North Sea for exploration logging, well intervention technology and subsea production systems.The first, a nine-year contract, reflects Baker Hughes’ heightened well intervention capabilities since acquiring Altus Intervention in April 2023. As part of the contract, Baker Hughes will also supply all exploration logging solutions to help Vår Energi further develop their prospects in the Norwegian Continental Shelf.The second contract is to deliver a bespoke Balder field vertical tree system, a Baker Hughes technology selected for the complexities of this field. This agreement spans 15

ADNOC has announced a final investment decision (FID) to develop one of the largest carbon capture projects in the Middle East and North Africa (MENA) region. The Habshan carbon capture, utilization and storage (CCUS) project will have the capacity to capture and permanently store 1.5 million tonnes per annum (mtpa) of CO2 within geological formations deep underground.Today’s announcement is part of ADNOC’s wider carbon management strategy, which aims to create a unique platform that connects all the sources of emissions and sequestration sites to accelerate the delivery of ADNOC and the UAE’s decarbonization goals. As part of this strategy, the

Equinor has awarded COSL Offshore Management two contracts for the COSLPromoter and COSLInnovator to operate on the Norwegian Continental Shelf.The contract values are calculated at around $369 million for both firm periods.The COSLPromoter is already contracted to Equinor and will commence on the new contract in Q1 2025. The firm contract is for one year, with options for a further four years. The COSLInnovator is contracted for two years, starting in Q2 2025, and the contract includes options for a further three years.The contract value includes running of casing, remote-operated vehicle, offshore waste management and cement unit maintenance. Mobilization and