Buffalo-10 well offshore East Timor uncommercial
Wireline logging operations have been completed on the well, with the oil column deemed to be residual and uncommercial.
The latest upstream news
Pantheon Resources spuds Theta West well in Alaska
The Theta West #1 well on Alaska's North Slope is targeting two primary targets which combined are estimated by the company to contain 12.1 billion barrels of oil in place with an estimated 1.4 billion barrels of recoverable resource.
ADC Energy awarded rig inspection contract in Permian Basin
The contract, which is worth US$$300 000 (£225 000), is expected to take between four and six months and is scheduled to be completed in 1Q22.
IoT backbone of digitalisation for oil and gas, says GlobalData
According to GlobalData forecasts, the global Internet of Things (IoT) revenue in the energy sector is expected to reach US$59 billion by 2025, up from US$34 billion in 2019.
Upcoming oil events
Canada Gas & LNG Exhibition & Conference
10 May 2022 - 12 May 2022
JW Marriott Parq Vancouver
39 Smithe St,
Vancouver,
British Columbia,
V6B 0R3,
Canada
Six oil and gas operators and Oceaneering Services B.V. sign deal to jointly decommission Dutch North Sea wells
Nexstep, the Dutch National Platform for Re-use & Decommissioning, says it is the first time that wells from this many different operators will be removed together in one campaign.
Wood Mackenzie: oil demand faces downside risks in 2022
Wood Mackenzie has released a report that discusses the uncertainties and issues impacting global demand, oil supply and refining markets this year.
Fugro to support subsea operations at Mero 2 project
Fugro has been contracted to support installation of an anchoring system for the FPSO vessel Sepetiba.
Heerema to transport and install six jackets for Saudi Aramco project
Heerema will use the semi-submersible crane vessel Sleipnir, which runs on emission-reducing LNG and has a lifting capacity of 20 000 t, to install the jackets at the Marjan offshore field.
Jindal SAW and Hunting Energy Services form OCTG JV
The JV will see the creation of an OCTG 130 000 ft2 threading plant in Nashik, India, targeted to be operational by the end of 2022.
Clariant Oil Services opens two sites in Angola
The company's new facilities in Angola will grant access to a global manufacturing footprint for chemical sourcing and production.