WorldOil Aquaterra Energy, Lhyfe and Borr Drilling join on offshore green hydrogen jack-up rig production concept Aquaterra Energy has signed a partnership with renewable hydrogen producer and supplier Lhyfe and offshore drilling contractor Borr Drilling to develop an innovative concept for offshore green hydrogen production in the North Sea. Shell to sell Permian basin assets to ConocoPhillips for $9.5 billion ConocoPhillips agreed to acquire Royal Dutch Shell Plc’s Permian Basin assets for $9.5 billion in cash, accelerating the consolidation of the largest U.S. oil patch. LYTT and Baker Hughes join to accelerate digital transformation in oil and gas The collaboration agreement creates a new offering for customers by combining LYTT’s fiber optic data analytics and cloud-based software with Baker Hughes’ completions and well intervention hardware and service expertise. Decarbonizing with digital: Improving drilling and well construction performance, sustainably Industry mandates for more sustainable operations and higher performance are reshaping drilling/well construction. For years, digital innovation has been important for improving efficiency and enabling returns-focused performance. Today, digital is equally important in reducing CO2 emissions to mitigate climate change. Energy Workforce and Technology Council elects Board of Directors The Energy Workforce and Technology Council elected new officers and industry leaders during its Annual Meeting, held in Santa Ana Pueblo, NM. Energean selects Halliburton for offshore Israel drilling campaign Halliburton will collaborate with Energean to economically and safely deliver exploration, appraisal, and development wells offshore Israel. Greens decry oil and gas tax breaks in Democrats’ new proposal “This bill is fundamentally at odds with the president’s commitment to repeal fossil fuel subsidies,” said Erich Pica, president of Friends of the Earth. “This is a failure of climate leadership that will not soon be forgotten.” ADNOC to raise $750MM from drilling unit IPO Abu Dhabi National Oil Co. is seeking to raise about $750 million from its drilling unit’s IPO, in what would rank among one of the largest share sales in the United Arab Emirates. ExxonMobil’s offshore Guyana win streak continues with Pinktail discovery “These discoveries are part of an extensive well program in the Stabroek Block utilizing six drillships to test play extensions and new concepts, evaluate existing discoveries and complete development wells for the Liza Phase 2 and Payara projects,” said Mike Cousins, senior vice president of exploration and new ventures at ExxonMobil. EIA reports sharp decline in drilled but uncompleted shale well count The decline in DUCs in most major U.S. onshore oil-producing regions, especially in the Permian region, reflects more well completions and, at the same time, less new well drilling activity.