Drilling & production

This milestone comes less than two years after the discovery in September 2021 and less than a year and a half after the final investment decision.

Sarawak Shell Berhad (SSB), a subsidiary of Shell plc, has announced that gas production has started at its Timi platform in Malaysia under the SK318 production sharing contract (PSC).

The company and its partners expect to increase production from the field by 26 million boe.

According to Bain & Company’s latest report, upstream commodity producers must act fast to unlock the market potential for green commodities and fast-track the global transition to sustainable metals and chemicals.

The latest analysis from Westwood Global Energy Group uncovers a positive outlook for the Nigerian oil and gas sector, following a ‘decade of unmet potential.’

The licensees in Statfjord Øst have received consent to use new facilities linked to the gas lift project on the field. Expected start-up will be soon.

Tracerco announced a supply and marketing agreement with Kobold Completions Inc. to provide clients with a technology that will continuously monitor oil reservoirs.

Silver has secured a three-year multi-well contract in Southeast Asia for the installation of the artificial lift production optimisation system.

SFL has announced that it has signed a drilling contract in Canada with a value of approximately US$100 million.

The company’s first deep-water/high pressure thermoplastic composite pipe (TCP) jumper in South America has been successfully installed, commissioned and is up and running for ExxonMobil Guyana at its Liza field.

Chesapeake Energy Corporation has announced that it has executed an agreement to sell its remaining Eagle Ford assets to SilverBow Resources, Inc. for US$700 million.

Nabors has successfully converted all four of its Hess Corporation drilling rigs working in the Bakken to cleaner highline power.

Wood has been awarded a contract extension by Woodside Energy to support ongoing operations of the North West Shelf project in Australia.

Crude pricing could rise further into autumn, but demand growth could slow dramatically next year, according to the International Energy Agency (IEA).

Global has announced that it has been granted approval to proceed with next stage in Namibian basin.