Digital oilfield

The company has signed an agreement to reprocess over 5100 km2 of 3D seismic data over Blocks 8 & 9 in the offshore Liberia basin.

The agreement will provide FutureOn’s FieldTwin Design software for use on strategic field development projects across the Norwegian oil and gas sector on an ongoing basis.

The ten-year agreement aims to ensure predictability, which will be important to both parties in times of many great and important opportunities.

Shell Overseas Investments B.V. and B.V. Dordtsche Petroleum Maatschappij – subsidiaries of Shell plc – have signed an agreement to sell Shell Neft LLC, which owns Shell’s retail and lubricants businesses in Russia, to PJSC LUKOIL.

The company has reached an agreement to sell its Romanian upstream affiliate, ExxonMobil Exploration and Production Romania, to Romgaz for more than $1 billion, subject to government approvals.

The company has announced it will spend more than US$1 billion over the next five years securing energy supplies for the UK and speeding the transition to net zero.

Strong initial performance from new Gulf of Mexico production and onshore wells, balance sheet strengthening with debt reduction announcement, and increasing shareholder returns.

1Q22 safety results show a stable trend in the number of serious incidents and with regards to personal injuries. No incidents with major accident potential have been recorded during the first quarter.

Shell has published its Energy Transition Progress Report 2021 detailing the company’s progress over the past year. This report will be put to shareholders for an advisory vote at the Annual General Meeting on 24 May 2022.

After a delivery of Kongsberg Digital’s digital twin solution Kognitwin® on two assets, one of the world’s largest energy corporations are now expanding their contract, adding four more assets.

Improvements in the US shale sector are a significant driver of the decline in flaring activity.

The plan provides an overview of how the company is progressing towards its 2050 net zero ambition through short-term actions and medium-term ambitions.

Neptune Energy announced it has received an improved environmental, social, and governance rating from Sustainalytics of 23.2, putting it in the top 3% of all oil and gas companies rated by the organisation.

Maersk Training is set to increase headcount across its UK sites as it looks to recruit new instructors due to industry demand.

A multidisciplinary Wood team will implement a combined production management system (PMS) and virtual metering system (VMS) at the Sangomar FPSO control room.