Drilling & production

North Sea operators must take action on well decommissioning to support the UK’s supply chain, clean up their oil and gas legacy and stop costs spiralling, the industry regulator has warned.

The company has secured a long-term contract with Equinor. This provides the company with stable employment and strategic growth opportunities, says CEO Arild Moe, from the headquarters in Florø, Norway.

Fishbones has signed contracts for deliveries of Fishbones stimulation technologies with two major national Middle East operators. Contract values are estimated to exceed a total of US$15 million.

Zephyr Energy has announced the commencement of the well production test on the State 36-2R LNW-CC well at the Company's flagship project in the Paradox Basin, Utah.

Reconnaissance Energy Africa and its joint venture partner NAMCOR has announced the spudding of the Naingopo exploration well on Petroleum Exploration Licence 73 onshore Northeast Namibia. Additionally, the Company announces a joint venture update as well as a warrant exercise update.

This move is in response to President Xi Jinping's directive to bolster the country's energy security by developing ‘new productive forces’.

The company has announced the final stage of the Saipem Onshore Drilling acquisition completed at the end of June following the transfer of the six remaining rigs in Argentina, Kazakhstan and Romania.

The agreement adds to the recently announced gas sales contract with VNG.

The company has awarded contracts worth more than US$25 billion to progress its strategic gas expansion, which targets sales gas production growth of more than 60% by 2030, compared to 2021 levels.

The company has provided an update on operations and commercial developments from its eight concessions (six operated) in the western desert oil producing region of Egypt for the first half of 2024.

This is the second well to be drilled in production licence 1170, which was awarded in APA 2021.

Pytheas Energy has announced the addition of three producing oil and gas properties to its growing portfolio, the Andrews Crane Asset, the Bakken Asset, and the Minerva-Rockdale Asset.

The agreement will support Odfjell Technology’s long-term growth plans to expand its well services operations across continental Europe.

The company has issued an oil macro market update, encompassing factors and influences that affect oil price movements driven by fundamentals and non-fundamentals factors.

ORLEN Group will become a license partner in one of the five largest discoveries made on the Norwegian Continental Shelf in the last 10 years.