Industry News

Patrick Pouyanné, Chairman and CEO of TotalEnergies, met on 20 May in Luanda with João Lourenço, President of Angola; Diamantino Azevedo, Minister of Mineral Resources, Oil & Gas (MIREMPET); Paulino Jerónimo, Chairman and CEO of Agencia Nacional de Petroleo e Gas (ANPG); and Gaspar Martins, Chairman and CEO of Sonangol, to announce the final investment decision (FID) of the Kaminho deepwater project.TotalEnergies (40%), along with its Block 20/11 partners, Petronas (40%) and Sonangol (20%), announced the FID of the Kaminho project to develop the Cameia and Golfinho fields, located 100 km off the coast of Angola, by 1,700 m water

Seadrill entered into a definitive agreement to sell its three jackups in Qatar — the West Castor, the West Telesto and the West Tucana — and its 50% equity interest in the joint venture that operates these rigs to Seadrill’s joint venture partner Gulf Drilling International for cash proceeds of $338 million.The transaction is expected to close early Q3 2024.“Our divestiture of the Qatar jackup fleet and exit from the joint venture are consistent with our ongoing efforts to strengthen and simplify our business and will allow us to focus on Seadrill’s core business: operating deepwater rigs across the Golden

ADNOC has awarded ADNOC Drilling Company a $1.7 billion contract to provide drilling and associated services for the recovery of unconventional energy resources. To service the contract and explore the considerable future opportunities in unconventional resources, ADNOC Drilling has incorporated a new company, Turnwell Industries. The contract will see Turnwell deliver 144 unconventional oil and gas wells.In addition, ADNOC Drilling has signed a term sheet to enter into a strategic partnership with Schlumberger Middle East and Patterson-UTI, subject to signing definitive agreements and any necessary regulatory approvals.“This award will accelerate the development of Abu Dhabi’s world-class resources to meet the

IADC members and staff met with more than a dozen US Congressional representatives in April to advocate for the drilling industry. The Washington, DC, fly-in took place over two days, and discussions ranged from the need for energy security to the oil and gas industry’s contributions to the US economy to the need for more streamlined permitting. US Congressional representatives also highlighted the need for more bipartisanship when it comes to US energy policies.（2024-05-14）

Patterson-UTI International Holdings, a subsidiary of Patterson-UTI Energy, signed a non-binding term sheet with ADNOC Drilling to hold a minority equity interest in Turnwell Industries, a company recently formed by ADNOC Drilling. In a statement, Patterson-UTI said it expects that Schlumberger Middle East SA, a subsidiary of SLB, will also hold a minority equity interest in Turnwell. Turnwell has been awarded a $1.7 billion contract to drill and complete 144 unconventional wells for ADNOC.In exchange for the minority equity interest, Patterson-UTI expects to primarily provide drilling, completion, and other oilfield service expertise to Turnwell, as well as a limited cash

Noble announced a new contract for the Noble Resolve jackup with an undisclosed operator, offshore Spain. The campaign will consist of plug and abandon work on 13 wells. Work is expected to commence in Q2 2025 and last approximately 170 days. The contract value is approximately $40 million, including mobilization and demobilization of the drilling unit.（2024-05-12）

Halliburton has added the SentinelCem Pro cement system to its lost circulation solutions portfolio. The single-sack packaging enables proactive storage in offshore and remote locations.SentinelCem Pro cement, built upon its predecessor, simplifies mixing operations as it eliminates the need for pre-hydration of the slurry design and access to high-purity water sources. This feature facilitates more efficient rig operations with the option to directly mix the system on the fly or in a batch mixer.“Lost circulation is the main contributor to costly nonproductive time (NPT) in well construction. SentinelCem Pro cement safely pumps through the bottom-hole-assembly to help customers quickly address

SLB announced the award of an integrated engineering, procurement, construction and installation (EPCI) contract by OKEA to its OneSubsea joint venture and Subsea7. The contract will see the partnership develop the Bestla (formerly known as Brasse) Project in the North Sea, offshore Norway, specifically to accelerate the subsea tieback delivery to aging platforms for profitable and sustainable marginal field development.The two-well project, with a 13-km tieback to the Brage Platform, is the latest to be signed under the frame agreement signed with OKEA in 2017 and furthers SLB OneSubsea and Subsea7’s partnership under its Subsea Integration Alliance.Early engagement and collaborative