SOCAR and partners sign addendum for ACG field gas exploration and production
The addendum is for the Azeri-Chirag fields and the deepwater portion of the Gunashli field (ACG) in the Azerbaijan sector of the Caspian Sea.
Drilling & production
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CNOOC starts production from Liuhua 11-1/4-1 oilfield project
China National Offshore Oil Corporation (CNOOC) has announced the commencement of production at the Liuhua 11-1/4-1 oilfield secondary development project.
Saudi Arabia sees July oil exports hitting almost one-year low
Saudi Arabia exported 5.7 million bbl/d of oil in July, the lowest level since August 2023, official data has revealed.
ConocoPhillips, Uniper sign gas supply deal extension
The US will continue to supply natural gas to North-West Europe as the region continues its decarbonisation efforts.
Cuba: Block 9 Amistad field development approved
Initial development of Unit 1B formally approved and on track for 1Q25. Export of initial oil cargo on track for end of 2024.
Chesapeake's US$7.4 billion acquisition of Southwestern Energy set to conclude in 4Q24
US gas company Chesapeake Energy's acquisition of Southwestern Energy is now expected to close early in 4Q24, Reuters cited the company’s CEO Nick Dell'Osso as saying.
Argentina: Production Start-up at Fenix Offshore Gas Field
TotalEnergies announces the start of production from the Fenix gas field, located 60 km off the coast of Tierra del Fuego in Southern Argentina.
CNOOC Limited kicks off production at Liuhua 11-1/4-1 Oilfield Secondary Development Project
The main production facilities include a new deepwater jacket platform ‘Haiji-2’ and a cylindrical FPSO ‘Haikui-1’.
Santos set to transfer 16% interest in Bayu-Undan upstream project to TIMOR GAP
This transaction allows TIMOR GAP, the state-owned oil and gas company of Timor-Leste, to participate in the Bayu-Undan joint venture (JV) for the project's remaining economic life.
Upstream electrification could wipe out more than 80% of oil and gas production emissions
Converting upstream oil and gas production facilities to run on electricity powered by renewables or natural gas that would otherwise be flared could cut more than 80% of associated emissions, according to new research from Rystad Energy.
Strohm’s TCP Jumpers installed at Deepwater Sabah project offshore Malaysia
Installed by contractor McDermott on behalf of an international operator, it is the second time the firm’s TCP product has been deployed in Malaysia.
Kent expands strategic presence in Houston
Kent is significantly increasing its investment in Houston, reinforcing its commitment to the US market as a central hub for its global operations.
KBC acquires Flaretot Limited to bolster flare system modelling capabilities
Targeting engineers, safety professionals, and environmental compliance specialists, Flaretot’s flare system modelling solution will help track and reduce fugitive emissions.
Europa approves Wressle oil and gas field extension
Planning consent has been received from North Lincolnshire Council for the further development of the Wressle well site.
Saipem awarded EPC contract by QatarEnergy
The contract is aimed at sustaining the production of the North Field offshore natural gas reservoir, located offshore the north-east coast of Qatar.