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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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