From contracts to products, below is a compilation of the latest headlines in the E&P space.
Contracts and company news
Deepwater Asgard Extended for GoM Work
Transocean Ltd. said April 1 it has won a 365-day contract extension valued at $195 million for the Deepwater Asgard from an independent operator in the U.S. Gulf of Mexico. The program is expected to start in June 2024 in direct continuation of the rig’s current program, and includes additional services.
Halliburton Launches New Diverter
Halliburton Co. announced April 3 it has added the SuperFill II diverter to its SuperFill surge reduction equipment portfolio. The SuperFill II diverter redirects fluid flow to minimize frictional pressure loss through the length of the landing string and helps maximize casing running speed. The operating glass seat provides an open internal flow path with no restrictions once the diverter is closed.
Because its glass ball seat leaves no debris after activation, there are no ID restrictions that limit use with additional downhole tools, the service company said.
According to Matt Lang, Halliburton’s vice president for cementing, the SuperFill II diverter is compatible with the industry’s liner and subsurface release plug systems.
DeepOcean Snags Equinor Frame Agreement
Equinor has awarded DeepOcean a four-year frame agreement for marine services on the Norwegian Continental Shelf, DeepOcean said on April 4. The deal, which has options for four more years, covers subsea intervention and repair contingency for subsea pipelines, structures and high voltage cables for both offshore oil and gas fields and renewables.
DeepOcean will manage the contract delivery out of its office in Haugesund, Norway, supported by the company’s international operations wherever required.
Recommended Reading
EON Enters Funding Arrangement for Permian Well Completions
2024-12-02 - EON Resources, formerly HNR Acquisition, is securing funds to develop 45 wells on its 13,700 leasehold acres in Eddy County, New Mexico.
E&P Consolidation Ripples Through Energy Finance Providers
2024-11-29 - Panel: The pool of financial companies catering to oil and gas companies has shrunk along with the number of E&Ps.
Utica Oil E&P Infinity Natural Resources’ IPO Gains 7 More Bankers
2024-11-27 - Infinity Natural Resources’ IPO is expected to provide a first-look at the public market’s valuation of the Utica oil play.
New Fortress Makes Headway on $2.7B Debt Refinancing
2024-11-26 - New Fortress Energy Inc. anticipates raising approximately $325 million in gross proceeds through the refinancing.
Equinor Exercises Option for Three Havila Vessels
2024-11-26 - Equinor ASA uses the vessels to support its North Atlantic, North Sea platforms.
Comments
Add new comment
This conversation is moderated according to Hart Energy community rules. Please read the rules before joining the discussion. If you’re experiencing any technical problems, please contact our customer care team.