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Global and Regional Markets

Hiber signs deal with Shell for remote IoT well monitoring system

Shell plans to use the HiberHilo IoT system to reduce the amount of travel to and from wells in remote locations. Based on satellite technology, the system allows for the real-time measurement of well temperature and pressure on unconnected wells in remote and offshore locations. It has already been installed at Shell operations in the North Sea.

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ADNOC, H&P announce strategic alliance

As part of the alliance, ADNOC Drilling will acquire eight FlexRig land rigs from H&P for $86.5 million. H&P will also make a $100 million cornerstone investment into ADNOC Drilling’s recently announced Initial Public Offering (IPO). ADNOC said in a statement that the deal will help the company reach 5 million bbl/day production capacity and gas self-sufficiency for the UAE by 2030.

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BSEE monitors Gulf of Mexico oil and gas activities in response to Hurricane Ida

Based on data from offshore operator reports submitted as of 11:30 CDT on 1 September, personnel have been evacuated from a total of 249 production platforms, 44.46% of the 560 manned platforms in the Gulf of Mexico. Personnel have been evacuated from nine non-dynamically positioned and four dynamically positioned rigs. BSEE estimates that 79.96% of oil production and 83.21% of gas production in the Gulf has been shut in.

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