Drilling & production

White Fleet acquired the out-of-service rig in 2022 and subsequently moved the rig to Gulf Copper's shipyard in Galveston, Texas, last July.

In line with the announcement on 31 August 2023, production at Montara restarted on 01 September 2023.

The project will include carbon capture units at the Habshan gas processing plant, pipeline infrastructure, and a network of wells for CO2 injection.

The players aim to bring a new level of intelligence and performance to drilling rigs.

Eni has announced the signing of an agreement with Oando PLC for the sale of Nigerian Agip Oil Company Ltd, the wholly Eni-owned subsidiary focusing on onshore oil and gas exploration and production in Nigeria, as well as power generation.

The contract values are calculated at around US$369 million for both firm periods.

The company has signed four memorandums of understanding (MOUs) with China Energy, SINOPEC, CNOOC and Citic Construction, China's main oil and energy groups.

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.