Suriname: Maersk Drilling awarded two Suriname floater contracts by Total
18 Jan 2021
Maersk Drilling has been awarded contracts for the deepwater rigs
Maersk Valiant and
Total E&P Suriname for Total’s exploration and appraisal project in Suriname’s
Block 58. Mærsk Developer and Maersk Valiant will be employed for an estimated combined total duration of 500 days. Mærsk Developer is expected to commence operations in January 2021, while Maersk Valiant is expected to commence operations in March 2021. The total value of the firm contracts is approx. USD 100m, including rig modifications, integrated services provided, and a mobilisation fee for Maersk Valiant. The contracts include various extension options.
US: The share of gas flared in the Permian has fallen to its lowest level of the Shale era
18 Jan 2021
The share of gross gas output that is flared at the wellhead in the US’ prolific Permian Basin has plummeted to a modern Shale-era record low, a
Rystad Energy report shows, with an analysis of preliminary data suggesting only 1.6% of the basin’s gas production was flared in the fourth quarter of 2020. The absolute amount of the flared gas likely averaged at around 390 million cubic feet per day (MMcfd) in the last three months of the year.
The basin’s wellhead flaring intensity declined to 1.6%, down from 1.7% in the third quarter of 2020. New Mexico’s Delaware North is the only major sub-basin which saw a sequential increase in flaring in the fourth quarter, but it is also the region with the lowest flaring intensity among the play’s major sub-basins. It is also currently the one with the most significant activity levels.
Total has announced the acquisition of a 20% minority interest in Adani Green Energy Limited (AGEL) from Adani Group. The transaction marks the deepening partnership between the Adani Group – India’s leading infrastructure platform - and Total, in the transition and green energy fields in India.