Schlumberger and Dataiku Technology enter AI partnership
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.
Drilling & production
Talos Energy acquires portfolio of Gulf of Mexico assets
The Acquired Assets produced approximately 19 thousand barrels of oil equivalent per day (MBoe/d) during 3Q19.
READ Cased Hole opens new facilities in Houston and Anchorage
In Houston, READ now operates from a 9000 ft2 facility in a highly accessible area of the city, comprising offices, a technical workshop, a laboratory and warehouse storage, while the company has relocated to a new and improved customer support office in Anchorage.
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Shelf Drilling receives extension for Trident XIV jack-up rig
The Trident XIV Jack-up rig is undertaking workover operations offshore Nigeria.
PGNiG and ERU to undertake exploration and production operations in Ukraine
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.
Petrofac and Maersk Drilling sign well management contract
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 to invest in Waha concessions in Libya
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.
Chevron announces capital and exploratory budget for 2020
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.
Vår Energi completes acquisition of ExxonMobil’s upstream assets in Norway
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.
More Drilling & production news
ADES secures onshore drilling contracts from Baker Hughes in Kuwait
Both contracts were awarded by Baker Hughes, under a primary term of two years firm and an option to extend for another six months.
Exceed posts record results
The well management and performance improvement company posted its annual results (year end to 28 February 2019), reporting that pre-tax profit has increased from £365 000 to £2.3 million.
Tendeka’s new surface modification treatment increases oil recovery in unconventional shale plays
To overcome the challenge of low recovery factors in shale reservoirs, independent global completions service company Tendeka, has launched ShaleModifier.
Nexans power umbilicals will play critical role in Ormen Lange Phase 3 project
Nexans has announced an award by OneSubsea® for the design, manufacture and supply of two 120 km power umbilicals for a subsea multiphase compression system.
Neodrill eyes up South East Asian market with new business development hire
Neodrill has announced that it will enter the South East Asian market following the addition of Tor Odegard to its team.
OPEC daily basket price stood at US$64.21/bbl Monday 25 November 2019
This is in comparison to the US$64.56/bbl the price stood at the previous Friday.