Industry News

Stena Drilling announced an equipment upgrade for its seventh-generation drillship, Stena Evolution. It will now be capable of drilling and completing wells requiring 20,000-psi pressure control, enabling drilling in previously inaccessible reservoirs.The upgrade includes the installation of drilling equipment and technology aboard the drillship. Together with equipment suppliers NOV and Shell, Stena Drilling will start the installation of the 20,000 subsea blowout preventer and other key equipment in 2026. When the new equipment package is installed, the Stena Evolution will be able to perform completion operations in the Sparta field on behalf of Shell in the US Gulf of Mexico.“We

Wood’s joint venture company, Massy Wood, secured a five year framework agreement with Shell Trinidad and Tobago, for the delivery of engineering projects and asset support in Trinidad and Tobago.The agreement will support Shell’s onshore and offshore assets, providing a suite of services that includes turnaround support for its mature brownfield assets and supporting new greenfield projects.“This award is built on our long-standing relationship with Shell where we have a reputation for delivering high-quality projects with an excellent safety record,” said Shawn Combden, Wood’s President of Operations, Americas. “This win provides significant opportunities for our local teams to continue their

The Board of Directors of Velesto Energy announced that Velesto Drilling received a Notice of Assignment (NOA) from Petronas for its NAGA 2, NAGA 4 and NAGA 6 jackups for continued operations offshore Malaysia. The respective contract values are $73,040,600, $94,883,800 and $97,077,800.On 2 February 2024, Velesto received two-year extensions for its rigs, with the contracts running until February 2026.（2024-03-25）

Equinor and DNO have delineated the Heisenberg oil and gas discovery in wells 35/10-11 S and A in the North Sea, offshore Norway, and also proven oil in the Hummer prospect. Preliminary calculations indicate that the discovery size is between 3.8 and 8.9 million standard cu m of oil equivalent. This corresponds to 24 to 56 million BOE.Resource estimates for Heisenberg before drilling were between 4.1 and 9.0 million standard cu m of oil equivalent. Preliminary calculations place the size of Hummer between 0.1 and 0.6 million standard cu m of oil equivalent.These are the first and second wells drilled

Aker BP received consent from the Norwegian Ocean Industry ity (Havtil) for more exploration drilling in the North Sea.The two wells, Trell Portiko 25/5-H-2 H and Trell Sirloin 25/5-H-2 AH, are located in production license 102. The wells are at water depths of 120 m and will be drilled with Odfjell Drilling’s Deepsea Nordkapp semisubmersible.Aker BP and Odfjell Drilling signed an extension for the Deepsea Nordkapp semisubmersible in December 2023.（2024-03-20）

CNOOC has made a major oilfield discovery of Qinhuangdao 27-3 in the Bohai Sea, adding over 100 million tons of oil equivalent proved in-place volume.The Qinhuangdao 27-3 oilfield is located in the north-central waters of the Bohai Sea, with an average water depth of approximately 25 m. The main oil-bearing play is the Minghuazhen Formation of Neogene, and the oil property is medium-heavy crude.The discovery well QHD27-3-3 was drilled and completed at a depth of 1,570 m, which encountered a total of 48.9 m oil pay zones. The field has been tested to produce approximately 742 barrels of crude oil

Talos Energy has agreed to sell its wholly owned subsidiary, Talos Low Carbon Solutions, to TotalEnergies for $125 million. Adding customary reimbursements, adjustments and cash retention, the combined total rises to approximately $148 million.The sale includes its entire carbon capture and sequestration (CCS) business, including its three projects along the US Gulf Coast: Bayou Bend CCS LLC, Harvest Bend and Coastal Bend. Talos may realize additional future cash payments upon achievement of certain milestones at the Harvest Bend or Coastal Bend projects or upon a subsequent sale of these projects by TotalEnergies.Robin Fielder, Talos Executive VP, Low Carbon Strategy and

Shell has published its first energy transition update since the launch of its Powering Progress strategy in 2021. At its Capital Markets Day in June 2023, Shell outlined how its strategy delivers more value with less emissions, emphasizing value. In this energy transition update, the focus is on how the same strategy delivers less emissions.The target to achieve net zero emissions by 2050 across all operations and energy products is transforming its business. Shell believes this target supports the more ambitious goal of the Paris Agreement to limit global warming to 1.5 degrees C above pre-industrial levels. Shell’s strategy supports