PETRONAS discovery in Suriname approaches 400 million bbl
According to Wood Mackenzie, TotalEnergies and APA Corporation are close to sanctioning a cluster FPSO development on Block 58.
According to Wood Mackenzie, TotalEnergies and APA Corporation are close to sanctioning a cluster FPSO development on Block 58.
The Wyoming Gas Injection Initiative (WGII) is set to launch to enhance oil well productivity and recovery from existing fields and wells in Wyoming.
Saipem has been awarded a new offshore contract by Azule Energy Angola S.p.A., subsidiary of Azule Energy Holdings Ltd. an incorporated joint venture between Eni and bp, for the development of the Ndungu Field as part of Agogo Integrated West Hub Project, located approximately 180 km off the coast of Angola. The value of the contract is around US$850 million.
Seadrill has announced that it has entered into a definitive agreement to sell three jack-up rigs—the West Castor, the West Telesto and the West Tucana, and its 50% equity interest in the joint venture that operates these rigs offshore Qatar to Seadrill’s joint venture partner gulf drilling international for cash proceeds of US$338 million.
Oil demand will rise further in the medium term, according to Rystad Energy research and modelling, as low-carbon alternatives are not yet sufficiently developed or economically competitive to offset the growing demand for transportation and industrial services.
The acquisition will help Expro to expand its portfolio of cost-effective, technology-enabled well construction and well intervention and integrity solutions.
To further support its growth strategy, the company will launch the new Viridien brand on 10 June at the upcoming EAGE Annual Conference in Oslo.
PETRONAS Suriname E&P B.V. a subsidiary of PETRONAS, has made a third hydrocarbon discovery in Block 52 at the Fusaea-1 exploration well in Suriname’s Block 52, located about 170 km offshore and 9 km east from Roystonea-1.
Seatrium has announced that it has been awarded a contract by Single Buoy Moorings Inc, a SBM Offshore company, for the topsides fabrication and integration of a floating production storage and offloading (FPSO) vessel.
These latest projects represent a notable increase in AquaTerra’s roster of decommissioning projects between 2023 and 2025.
The company has launched a tool designed to overcome challenges posed by the implementation of global health and safety standards and Ex/ATEX inspections.
Altera Infrastructure has appointed AGR to conduct an independent third-party storage evaluation of the Havstjerne CO2 storage license offshore Norway.
Odfjell Technology has secured an important contract with COSL Drilling Europe AS. The fixed part of the contract, valued at approximately 160 million NOK, encompasses Tubular Running Services has a duration of three years, with the option for two additional one-year periods.
PETRONAS E&P Bobara Sdn. Bhd has signed a production sharing contract (PSC) for the Bobara working area located at the offshore of West Papua, Eastern Indonesia.
The recent Tangkulo-1 gas and condensate discovery has placed Mubadala Energy and the South Andaman block at the centre of a promising North Sumatra deepwater play, according to Wood Mackenzie.
Equinor will increase its ownership in the Heidrun field and Noatun discovery and reduce its ownership in the Tyrihans field and the Castberg field, as well as the Carmen and Beta discoveries.
Both projects are supported by the industry, with Phase I commencing immediately and Phase II planned for H1 2025.
Patterson-UTI energy has announced that its subsidiary, Patterson-UTI International Holdings, Inc., has signed a non-binding term sheet with ADNOC Drilling.
QatarEnergy has signed a farm-in agreement with ExxonMobil to acquire a 40% participating interest in two exploration blocks offshore Egypt.
The company has announced the award of a large contract by Turkish Petroleum Offshore Technology Center AS (TP-OTC) relating to the Sakarya field development in the Black Sea, offshore Türkiye.
North Sea oil and gas operators could invest up to £3 billion in 14 major projects capable of cutting up to 32 million t of lifetime CO2e emissions from their production activities, according to the NSTA.
Honeywell and Weatherford has announced a partnership to deliver a comprehensive emissions management solution for the energy industry.
The Hibiscus South deposit has been confirmed to extend into the northern part of the field with good reservoir quality, increasing reserve estimates.
Digital twins can help in overseeing asset performance during operations and aid in personnel training, says GlobalData.
The Eldfisk North Project is located in PL018, and the licensees are TotalEnergies EP Norge AS, ConocoPhillips Skandinavia AS, Vår Energi ASA, Sval Energi AS and Petoro AS.