Drilling & production

In response to the announcement today that Chevron will acquire Hess in a deal valued at US$60 billion, Rystad Energy is sharing a market update on the deal.

The report provides the current status of, and contract information for, the company’s fleet of offshore drilling rigs.

Adrian Lara, Principal Research Analyst, Latin America Upstream Oil and Gas for Wood Mackenzie, addressing the US Treasury Department’s partially lifted sanctions on Venezuela’s oil and gas sector.

The number of serious incidents per million hours worked is still declining at the end of the third quarter, measured over the past 12 months.

The Nganhurra Riser Turret Mooring (RTM) has been safely and successfully lifted onto a barge off North West Cape in Western Australia and is now transiting to the Australian Marine Complex (AMC) near Perth.

Production from the Breidablikk field in the North Sea started on 20 October, four months ahead of schedule and within budget.

The company has made two key appointments to strengthen its sales and operations team as the business experiences continued growth across Europe and the US.

The Energy Information Administration estimate that U.S. marketed natural gas production in the Lower 48 states (L48) will grow by 5% in 2023 and 2% in 2024.

Woodside CEO Meg O’Neill said the quarter-on-quarter increase in output to 47.8 million boe was underpinned by strong operating results at Pluto LNG.

Following the completion of the transaction and regulatory approvals, the company is increasing its participating interest in the Reggane Nord natural gas project by 4.5%.

The sale includes the Abadi gas project. Completion of the sale follows regulatory approval from Indonesia’s Ministry of Energy and Mineral Resources for the transfer of SUOS’ stake to PT Pertamina Hulu Energi Masela and Petronas Masela.

Falcon Oil & Gas Ltd has announced that drilling operations on the Amungee NW 3H (A3H) well in EP98 have been successfully completed with Falcon Oil & Gas Australia Limited’s joint venture partner, Tamboran (B2) Pty Limited.

A total of 48 development wells were drilled and 12 exploration and appraisal wells completed in 2022, according to the Wells Insight Report, published by the North Sea Transition Authority (NSTA) on 12 October.

The company has announced that Tracy Gray has been appointed Director of Strategy and Marketing and joins the Executive team of IWS, effective immediately.

The companies have signed a multi-year three-way collaboration agreement to deliver digital end-to-end workflows for Shell, using SLB subsurface solutions on AWS cloud infrastructure.