Oil States shares details of E-Flow Controls acquisition
The company has shared further details regarding the previously disclosed acquisition of Aberdeen-based E-Flow Control Holdings, Ltd.
Drilling & production
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US shale hedging losses could top US$10 billion this year
US shale oil producers are in line to suffer more than US$10 billion in derivative hedging losses this year if oil prices remain around US$100 per barrel, Rystad Energy research shows.
Aramco and Sinopec sign MoU to collaborate on projects in Saudi Arabia
The Saudi Arabian oil company has signed a Memorandum of Understanding (MoU) with China Petroleum & Chemical Corporation (Sinopec) covering multiple areas of potential collaboration between the parties in Saudi Arabia.
Senex to invest US$1 billion to boost to the natural gas industry
The Australian Petroleum Production & Exploration Association (APPEA) has welcomed Senex’s major expansion of its Atlas and Roma North natural gas developments in Queensland’s Surat Basin.
Miros wins trio of sensor contracts with Subsea 7 pipelay support vessels
Miros Group has secured a trio of three-year agreements with Subsea 7 to install its IoT dry-sensor WaveSystem. Each contract comprises a three-year period plus a subsequent one-year option. The contracts are due to commence between Q1 and Q3 2022.
Búzios field breaks monthly production record
In June this year, Petrobras reached an average monthly production of 616 000 barrels of oil per day (bpd) in the Búzios field, in the pre-salt layer of the Santos Basin.
Azule Energy begins operations
bp and Eni have confirmed that Azule Energy, the new 50/50 independent joint venture combining the two companies’ Angolan businesses, has been officially established.
More Drilling & production news
bp to sell interest in bp-Husky Toledo Refinery to Cenovus
Cenovus will pay US$300 million for bp’s stake in the refinery, plus the value of inventory, and take over operations when the transaction closes, which is expected to occur later in 2022. bp and Cenovus will also enter into a multi-year product supply agreement.
Sunbridge Energy Services launches natural gas compression station in Midland Basin
The company has announced that its natural gas compression station will come online on 31 August 2022.
Sval acquires Suncor Energy Norge AS
The company has announced that it has signed an agreement to acquire Suncor Energy Norge AS.
Logan Industries successfully completes space saving coiled tubing reeler project for OneSubsea
This is the first unit Logan has delivered with a removable drum, which means the unit footprint can remain static on the vessel while the drums can be taken to a shore base for unspooling and respooling.
Neptune Energy awards £10 million vessel services contract to Sentinel Marine
Neptune Energy has announced the award of a £10 million three-year vessel services contract to Sentinel Marine, to provide offshore support for its operated Cygnus gas field in the UK southern North Sea.
CGG and bp sign multi-year data transformation agreement
CGG, a global technology and HPC leader, has announced a major multi-year global data transformation and curation agreement with bp, that will play a key role in supporting bp’s subsurface digital strategy.
Nova 1st oil: Wintershall Dea increases production volumes in Norway
The expected recoverable gross reserves from the field are estimated at 90 million boe, of which the majority will be oil, an amount which will help support Europe’s energy supply.
Dry well near the Brage field in the North Sea – 31/4-A-13 C
Wintershall Dea Norge AS, operator of production licence 055, has concluded the drilling of wildcat well 31/4-A-13 C.