ChampionX named ExxonMobil’s 2022 supplier of the year
ChampionX is first company to receive new annual supplier recognition award based on performance, service quality, and responsiveness.
The latest upstream news
BP starts production from Trinidad and Tobago’s Cassia C facility
Cassia C is expected to produce, at peak, about 200 – 300 million standard cubic feet a day of gas.
S&P Global Commodity Insights shows that two thirds of UK and Norway North Sea oil and gas production has lower-than-average greenhouse gas intensity
The analysis found that, on average, UK production in the North Sea was nearly three times more GHG intensive (23 kgCO2e/boe) than Norwegian production (8 kgCO2e/boe).
PCSB announces oil and gas discovery at the Nahara-1 well in Block SK306
The discovery is located in the shallow waters of Balingian Province about 150 kilometres from Bintulu, off the coast of Sarawak, offshore Malaysia.
Upcoming oil events
SPE Hydraulic Fracturing Technology Conference and Exhibition
31 Jan 2023 - 02 Mar 2023
Texas,
United States
SPE/IADC International Drilling Conference and Exhibition 2023
07 Mar 2023 - 09 Mar 2023
Stavanger,
Norway
Verdande: Securing higher production on the Norne vessel
The discoveries were proven in 2017 and 2020 respectively and contain a total of 36.3 million bbl of recoverable oil equivalent.
Valaris renews service and maintenance agreement with Survitec
Offshore drilling operator Valaris has confirmed it has renewed, for an additional three years, the service agreement it has in place with survival technology solutions provider, Survitec.
GlobalData: Oil and gas leaders taking measured steps for energy transition
The oil and gas industry leaders are steadily incorporating transition fuels as well as low-carbon and zero-carbon energy sources into their portfolios, says GlobalData.
OPEC+ prepares for market uncertainty with continued 2 million b/d production cut
“The decision by OPEC+ to continue with its recently agreed 2 million barrels per day (b/d) production cut through the end of 2023 is not a surprise”, says Ann-Louise Hittle, Vice President, Macro Oils, at Wood Mackenzie.
Neptune Energy confirms new discovery in the Norwegian Sea
Calypso is Neptune Energy’s third discovery in six months on the Norwegian Continental Shelf.
Oil and gas industry leaders and UK government discuss energy security, net zero and investment
The industry is forecast to contribute £14.9 billion in tax receipts during the 2022 – 2023 financial year, however industry members raised concerns around the case for continuing investment following recent changes to the Energy Profits Levy.