Browse the latest upstream news news and articles.
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.
Phase 1 includes 11 100 square kilometers of new 3D seismic data acquisition and 3000 square kilometers of 3D seismic data reprocessing.
The company, which is headquartered in Aberdeen and has offices in Kuala Lumpur and Houston, has been awarded work on a major offshore natural gas project, which will see its engineers work to make drilling operations more sustainable.
The main FEED contract for a FPSO has been awarded to Aker Solutions.