Archer completes acquisition of DeepWell

Archer completes acquisition of DeepWell

Region: North Sea
Topics: Intervention
Content Types: Report
Date: May, 2021

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...

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Aker BP promotes sustainable plugging with new technology

Aker BP promotes sustainable plugging with new technology

Region: North Sea
Topics: P&A
Content Types: Report
Date: May, 2021

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...

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Archer to expand well intervention services with acquisition of DeepWell

Archer to expand well intervention services with acquisition of DeepWell

Region: North Sea
Topics: Intervention
Content Types: Report
Date: Apr, 2021

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...

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Aker BP completes Valhall plugging campaign ahead of schedule

Aker BP completes Valhall plugging campaign ahead of schedule

Region: North Sea
Topics: P&A
Content Types: Report
Date: Apr, 2021

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...

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Hurricane Energy performs unscheduled well intervention at Lancaster field

Hurricane Energy performs unscheduled well intervention at Lancaster field

Region: North Sea
Topics: Intervention
Content Types: Report
Date: Apr, 2021

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...

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Bosch Rexroth to present world’s smallest electric subsea valve actuator at Hannover Messe

Bosch Rexroth to present world’s smallest electric subsea valve actuator at Hannover Messe

Region: All
Topics: All Topics
Content Types: Report
Date: Apr, 2021

At Hannover Messe, April 12-16, Bosch Rexroth will present the SVA R2 Subsea Valve Actuator, a disruptive innovation for electrically actuating valves in the subsea process industry. The SVA R2 is th...

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Safe Influx perform successful rig trial of integrated MPD and Automated Well Control technologies

Safe Influx perform successful rig trial of integrated MPD and Automated Well Control technologies

Region: All
Topics: Integrity
Content Types: Report
Date: Apr, 2021

Safe Influx has announced that the rig trial of the industry’s first ever integration of Managed Pressure Drilling (MPD) and Automated Well Control technology has been completed following months of ...

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Decommissioning first order of business for EnQuest in 2021

Decommissioning first order of business for EnQuest in 2021

Region: North Sea
Topics: Decommissioning
Content Types: Report
Date: Mar, 2021

As part of their 2020 Full Year Results publication, EnQuest have outlined their 2021 performance outlook, highlighting the scale of decommissioning work ahead of them as they seek to retire ageing fi...

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Successful EHXT installations drive Neptune Energy’s Duva project closer to production

Successful EHXT installations drive Neptune Energy’s Duva project closer to production

Topics: Drilling
Content Types: Report
Date: Mar, 2021

Neptune Energy has announced the safe and successful installation of four Enhanced Horizontal Subsea Tree Systems (EHXT) for the Duva development project in the Norwegian sector of the North Sea. The...

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