Offshore technology supplier Osbit Ltd has reached a key milestone in the assembly of a new well intervention tower system for FTAI Ocean. The FTAI Ocean Smart Tower System now stands at 40 metres (i...
Well Expertise, a well management company providing well planning and operational support, has successfully used a mobile simulator for plug and abandonment (P&A) well control training to decommis...
Archer Oiltools has been awarded a plug and abandonment (P&A) campaign by Wintershall Noordzee B.V across 2021 and 2022. The scope awarded to Archer is to perforate, wash, and provide cement and f...
Serica Energy plc, a British independent upstream oil and gas company with operations centred on the UK North Sea and gas accounting for over 80% of its production, has encountered difficulties in the...
Following an offer letter signed in April 2021, Archer has announced that it has signed a sales and purchase agreement (SPA) to acquire DeepWell for NOK177mn on a debt and cash free basis which will b...
Aker BP was the first operator worldwide to use bismuth alloy to plug the top section of old oil wells. Since then, the technology is now used on 30 wells on the Valhall field, resulting in safer, per...
Archer Limited has signed an offer letter with Moreld laying out principle terms to purchase 100% of the shares in DeepWell AS (DeepWell). DeepWell is a leading Norwegian well intervention company es...
Aker BP has completed the plugging of wells at the Valhall oilfield centre six years earlier than originally planned, saving more than NOK5bn. Aker BP is the operator alongside partner Pandion of the...
In an operational and financial update, Hurricane Energy plc, a UK-based oil and gas company, has provided an update on production from its Lancaster field and Early Production System (EPS) and net fr...
