Valaris completes restructuring and emerges from Chapter 11
Valaris has eliminated US$7.1 billion of debt and secured a US$520 million capital injection.
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Valaris has eliminated US$7.1 billion of debt and secured a US$520 million capital injection.
Maersk Training will deliver safety, pool survival, well control and process training in the region.
Pegasus West in the UK Southern North Sea was discovered in 2014 and is currently operated by Spirit Energy.
Baker Hughes will supply Petrobras with up to five subsea production and injection manifold systems for the project.
A paper published by LYTT advocates new, acoustic data-based methodologies to improve the diagnosis of well integrity issues and inform successful remediation and plug and abandonment strategies.
The first ever pressure-containing component to be produced using Wire Arc Additive Manufacturing technology (WAAM) was successfully ran on Total’s Elgin-Franklin rig in the North Sea.
The company will acquire interests in four licences, two of which will be operated by the company, for a total initial headline cash consideration of US$9 million.
ABB is to deliver automation solutions for the Krafla oil and gas field development.
The contract, signed with Empyrean Energy, will see AGR provide offset analysis and detailed well design engineering to ensure safe project delivery.
Fugro’s field campaign will run from July until August and entails a seabed survey, an environmental survey and a soils investigation.
The company has signed the deal with Omni Offshore Terminals, which could last for up to 11 years.
The company is targeting first oil of 4000 bpd from the field, offshore Nigeria, in 2H21.