The partnership will enable the E&P industry to build and deploy their own artificial intelligence (AI) solutions across the full breadth of their upstream workflows.
The latest upstream news
The company is expanding its pump portfolio to help the oil and gas industry effectively manage the millions of gallons of water required for production.
The oil export from Johan Castberg will therefore go directly to the market, as described in the plan for development and operation (PDO).
A leading oil and gas sector logistics expert has said the current debate about a post-Brexit trade deal between the UK and US has failed to highlight the key implications for businesses.
Ocean Infinity will be deploying technology to conduct 2D Ultra High-Resolution Seismic surveys and Seabed Soil Sampling in Block 32 and Block 17.
The agreement between ERU and PGNiG provides for joint operations on a licence located in the Lviv region, which is close to the Polish border.
The fire-resistant RADOX® OFL (Oil & Gas Flexible Lightweight) cable solution provides the offshore industry with a safe way to reduce platform weight.
Petrofac has been appointed by Maersk to deliver well management services, including project and supply chain management support for shallow water and deepwater wells throughout the duration of the programme.
Total will finance contributions of US$70 million at the outset, US$30 million when the North Gialo field will come onstream and US$30 million when the NC 98 field will come onstream.
In the upstream business, approximately US$11 billion is forecasted to sustain and grow currently producing assets, including about US$4 billion for Permian unconventional development and about US$1 billion for other international unconventional development.
The acquired fields, which are mostly operated by Equinor, will add additional daily production of approximately 150 000 bpd for the company, which is owned by Eni and HitecVision.