Drilling & production

Following completion of the transaction, Seascape will retain a 10% participating interest in the PSC through its wholly owned subsidiary, Topaz Number One Limited.

The 35% y/y surge in third-quarter production was driven by improved productivity and expanded takeaway capacity, led by flagship operator Yacimientos Petrolíferos Fiscales (YPF) and bolstered by local independent producers.

These certified yards are integral to McDermott's engineering, procurement, construction, and installation (EPCI) services, enabling major offshore and onshore projects worldwide.

Union Jack Oil plc, a UK and USA focused onshore hydrocarbon, production, development, exploration and investment company has announced a positive drilling update in respect of the Taylor 1-16 well, located in Seminole County, Oklahoma, USA, in which Union Jack holds a 45% working interest.

Petrobras informs that it has started the teaser stage for the transfer of its 25% minority stake in the Tartaruga Field.

Axess Group has secured a frame agreement extension with KCA Deutag, a drilling, engineering and technology company.

Valeura Energy Inc. has announced the successful completion of an infill drilling campaign at the Jasmine field in Licence B5/27 (100% operated working interest), offshore Gulf of Thailand.

Prospex Energy plc, the investment company focused on European gas and power projects, has announced an update on the schedule of the flow testing at the Viura-1B development well, which is expected early in December.

According to Reuters, a senior executive at Exxon Mobil said that US oil and gas producers remain focused on capital discipline, rather than radically increased production.

According to EIA, An average of 13.4 million bpd of crude oil was produced in the United States during August 2024, a new record according to data from EIA.

Falcon Oil & Gas Ltd. has announced the spudding of the Shenandoah S2-4H horizontal well (previously referred to as the SS3H well) in exploration permit 98 in the Beetaloo Sub-basin, Northern Territory, Australia with Falcon Oil & Gas Australia Limited’s joint venture partner, Tamboran (B2) Pty Limited.

DNV certifies first CO2 storage site in the Middle East for ADNOC carbon capture and storage project.

Glamox wins smart lighting contracts for new hi-tech North Sea oil and gas platforms.

bp has announced that it has been awarded the NCMA 2 block offshore Trinidad as part of the Shallow Water 2023/24 bid round that closed in May 2024.

This agreement builds on the successful joint venture in Kazakhstan, where MOL, KMG and Sinopec from China have been producing gas and gas condensate at the Rozhkovskoye field.