Industry News

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

The American Petroleum Institute (API) has released analysis outlining the potential consequences of new vessel restrictions on American oil and gas workers in the US Gulf of Mexico (GOM). The study, conducted by the Energy and Industrial Advisory Partners, finds that the recently proposed restrictions on oil and natural gas vessels operating in the GOM would have a major impact on oil and natural gas production in the region. This would result in a nearly one-quarter decline, or more than 500,000 bbl/day of oil equivalent, in energy production in the GOM by 2040.The analysis was submitted to the National Marine

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

APA Corp and TotalEnergies have launched development studies for a large oil project in Block 58 offshore Suriname. TotalEnergies is the operator of Block 58, with a 50% interest, alongside APA’s 50%.Successful appraisal of the two main oil discoveries, with the drilling and testing of two wells at Sapakara South and three wells at Krabdagu, confirmed combined recoverable resources of approximately 700 million bbl of oil for the two fields. These fields, located in water depths between 100 m and 1,000 m, will be produced through a system of subsea wells connected to a floating production, storage and offloading unit

KCA Deutag has secured a one-year contract extension, with a value of $60 million, for the provision of drilling operations and maintenance services on two offshore platforms in Angola.The award will see KCA Deutag continue to deliver core drilling operations and maintenance as well as crane operations and maintenance, materials management, and equipment rental services for an existing company in Angola.“This contract extension is testament to our local team’s exceptional track record of performance, safety, and operational excellence. Our unwavering dedication to meeting and exceeding customer expectations, coupled with the delivery of advanced drilling technologies and a highly skilled workforce,

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

Drilling Systems, part of 3t Energy Group, has launched a next-generation DrillSIM Downhole model to support realistic training for geothermal applications. The model has been implemented at the Drilling Simulator Celle (DSC), a research facility of Clausthal University of Technology (TUC), in Germany.This next-generation downhole model will further enhance the research and development capabilities of new and existing DrillSIM simulators to allow delegates to practice complex operations, such as directional drilling, kick tracking and stuck pipe, in a highly realistic and detailed virtual environment. Key features include additional real-world data modeling, an advanced thermal and dynamic design, drill string vibration,