The company signed a contract for the reactivation of its 16th rig, a 200 series rig, which will work in the Permian Basin starting in mid-October 2021. Future reactivations will focus on the company's 300 series rigs - the company expects to reactivate at least one additional 300 series rig by year end.

The three contracts are each expected to commence in late 2021-early 2022. TAQA and Cairn Energy have each contracted the VALARIS JU-123 harsh-environment jackup, while Carnarvon Petroleum contracted the heavy-duty modern jackup VALARIS JU-107.

Shell has reached an agreement to sell its Permian business to ConocoPhillips for $9.5 billion in cash. The transaction will transfer all of Shell’s interest in the Permian to ConocoPhillips, subject to regulatory approvals. "After reviewing multiple strategies

Since its launch in 2010, the service company's SWIM system has identified wellhead integrity issues, such as shallow gas and water, conductor stability issues related to washout or fatigue challenges, on 30% of exploration and satellite wells monitored in depths below 150 m.

Matapal is expected to deliver 250-350 million standard cu ft/day into the Trinidad gas market from resources discovered by the Savannah exploration well drilled in 2017, the operator said in a statement. Gas from this project will be pooled with production from other BP fields to be used as feedstock for the country’s ammonia, methanol and LNG plants, as well as for power generation.

Developed through a 12-month, $288,600 partnership between Wood and NERA, the system uses an AI engine to ‘watch’ footage recorded by inspection devices, searching for potential faults and flaws that need to be further inspected or have repairs undertaken.

The three companies will aim to develop low carbon hydrogen hubs and decarbonized air corridors between the UK and UAE, and explore opportunities to provide sustainable energy and mobility solutions for cities in each country.

The wells, which were drilled by Odfjell Drilling's Deepsea Stavanger semisubmersible, have confirmed a combined updated gross resource range of 12-60 million BOE. Lundin Energy said the discoveries are being matured for possible project sanction before the end of 2022.

The BSEE inspections found, among other things, that most operators did not have specific training requirements for the prevention of dropped objects for the offshore personnel at the facilities.

The contract is for three firm and two optional wells to deliver all services including project management, directional drilling, drill bits, drilling fluids, cementing, solids control, wireline, slickline, completions, production enhancement and subsea services.