Drilling & production

Viura-1B well flow rates exceed pre-drill expectations doubling Prospex's net production and revenues.

Subsea raw water injection systems will improve field development economics and reduce carbon footprint.

Sintana Energy Inc. has provided a further update regarding the second campaign on blocks 2813A and 2814B located in the heart of Namibia’s Orange Basin.

EIA reported that 2Q24 financial results for 34 E&P companies suggest increasing well productivity is helping these companies reduce production costs on a per bbl basis and freeing up cash for other uses such as dividends and share repurchases.

SPM said the pump longevity increased uptime and reduced total cost of ownership.

TotalEnergies has announced that it has finalised the acquisition of the interests of OMV (50%) and Sapura Upstream Assets (50%) in SapuraOMV Upstream, an independent gas producer in Malaysia.

The well has reached Target Depth (TD) and the Company has run 5.5 in. production casing in anticipation of long-term testing commencing early 2025.

Signature of the LOI enables the Company to progress regulatory approvals for the use of the jack-up rig in Timor-Leste, including the preparation of the required drilling safety case and other campaign specific documentation, in compliance with applicable law in Timor-Leste.

Jadestone Energy has announced that the Akatara gas development has successfully completed its formal EPCI contract performance test.

CNX Resources Corporation has announced that it has entered into a definitive agreement to acquire the natural gas upstream and associated midstream business of Apex Energy II, LLC.

McDermott has been awarded a front-end engineering design (FEED) contract by Repsol Exploración México S.A. for the Polok and Chinwol field development project in the Gulf of Mexico.

John Wood Group PLC has signed three major agreements with bp to provide engineering and project delivery services for their capital projects worldwide.

The incorporated joint venture (IJV) will be set up to sustain domestic oil and gas production and security of energy supply in the UK.

Aramco, Carbon Clean and SAMSUNG E&A partner on new carbon capture technology.

The transaction, which has an effective date of 1 October is expected to close in 1Q25, subject to customary closing conditions.