E&P Highlights: May 20, 2024

Here’s a roundup of the latest E&P headlines, including development of the Belinda Field in the North Sea to new contract awards and service company acquisitions. 

Seadrill Sells Three Jackups for $338MM to Gulf Drilling International

Seadrill Ltd. is also selling its 50% equity interest in the joint venture that operates the rigs offshore Qatar.

Exclusive: Cost-effective Benefits of Extracting from Mature Assets

Baker Hughes' well abandonment leader Bart Joppe details the importance of extracting resources from mature assets and the company's approach to managing a well, in this Hart Energy Exclusive interview.

Time is Money: Shell Prioritizes Speed with Brownfield Strategy

Shell’s replicant strategy trades customization of the production unit for a sped-up cycle time for Whale, Sparta developments in the deepwater Gulf of Mexico.

Petrobras' Pioneering Tech Powers Decades-long, 2.9 Bboe Production

From discovery to revitalization, the deepwater Marlim Field offshore Brazil has driven development of technology while delivering more than 2.9 Bboe. 

Chevron, Total’s Anchor Up and (Almost) Running

During the Offshore Technology Conference 2024, project managers for Chevron’s Anchor Deepwater Project discussed the progress the project has made on its journey to reach first oil by mid-2024.

Electric Hype vs. Hydraulic Reality: Advantages of Traditional Systems

Castrol's new fluid prevents gas hydrates in deepwater control systems. 

Valaris’ 1Q Sets Positive Tone for Offshore

Coming out of first-quarter 2024, drilling contractor Valaris expects a sustained upcycle for the offshore drilling industry supported by demand growth, OPEC+ production cuts and supportive commodity prices.

TotalEnergies Eyes Suriname FID by Year-end 2024

France’s TotalEnergies and U.S. partner APA Corp. look to place their long lead orders ahead of a final investment decision related to their joint development offshore Suriname in Block 58.

Deepwater Roundup 2024: Americas

The final part of Hart Energy E&P’s Deepwater Roundup focuses on projects coming online in the Americas from 2023 until the end of the decade.