Global recoverable oil reserves hold steady at around 1500 billion bbl
Rystad Energy’s latest research shows global recoverable oil reserves held largely steady at around 1500 billion bbl, down some 52 billion bbl from the company’s 2023 analysis.
The latest upstream news
Advertisement
Helmerich & Payne announces agreement to acquire KCA Deutag
KCA Deutag and Helmerich & Payne has announced a definitive agreement under which KCA Deutag will be acquired by H&P for US$1.9725 billion in cash.
PETRONAS acquires land for carbon capture and storage hub in peninsular Malaysia
PETRONAS, through its subsidiary PETRONAS CCS Solutions Sdn Bhd, has signed a land rental agreement with Kuantan Port Consortium Sdn Bhd, to progress plans for its southern carbon capture and storage (CCS) hub in Pahang, Malaysia.
GA Drilling partners with Petrobras to deliver efficiency in the deep drilling process
In cooperation with Cenpes, Petrobras’ research, development, and innovation centre, the partnership aims to improve the industry by bringing a next-generation downhole drilling system to fruition.
Upcoming oil events
World Energy Transition Virtual Conference 2024
05 Sep 2024 - 05 Sep 2024
VIRTUAL CONFERENCE,
United Kingdom
Gastech 2024
17 Sep 2024 - 20 Sep 2024
George R Brown Convention Center
1001 Avenida de las Americas,
Houston,
Texas,
77010,
United States
BKV Corporation shares sustainability report
The report details progress on the company's environmental initiatives, its path to achieving net zero emissions from its owned and operated upstream and natural gas midstream businesses, and updates on employee engagement and safety performance.
TechnipFMC awarded substantial flexible pipe contract by Petrobras
The company has been awarded a substantial contract by Petrobras to supply flexible pipe for the pre-salt fields offshore Brazil, following completion of a tender.
TGS to enhance Mauritania’s subsurface data
The new subsurface data includes ten narrow azimuth input 3D seismic surveys, processed by ION in 2022 using 3D pre-stack depth migration.
Archer secures contract in Brazil
The contract will commence in November 2024 in direct continuation of Archer’s current contract for drilling operations and maintenance on Equinor’s Peregrino A & B platforms.
Rystad Energy shares oil macro update
Global Market Analysis, Director Claudio Galimberti, Rystad Energy, provides an oil macro update after prices were seen to take a hit.
CNOOC achieved high yield well in Beibu Gulf
CNOOC and 80883 (RMB Counter) has announced that it has achieved a high yield well in Beibu Gulf, which produces over 1000 m3/d of oil.