Drilling & production

The 10-year PSC grants PPSB the right to develop and produce the petroleum and gas resources from the three fields.

Floating production storage and offloading (FPSO) units are on the upward trend in the oil and gas industry because of their flexibility to meet changing demands in an unpredictable market.

RWE and Equinor have signed a new supply contract for between 10 and 15 TWh of natural gas per year from now until 2028.

The floating production vessel, Almirante Barroso, which operates in the Búzios field, in the pre-salt layer of the Santos Basin, reached full production (150 thousand bpd) on 24 October.

Pursuant to a share purchase agreement entered into between Chame Energy Corporation and the company, Chame has agreed to purchase all of the issued and outstanding shares of Renaissance Oil Corp.

Aker BP has announced that production has started from Kobra East and Gekko (KEG) in the Alvheim area. KEG is operated by Aker BP, with ConocoPhillips Skandinavia AS as partner.

The company will deploy its ReLineMNS and ReLineHYD expandable casing patches to effectively isolate trouble zones and increase recovery on the operator’s existing wells.

With the launch of the sampling service centre in KSB, Malaysian clients can now access and procure Proserv’s solutions locally, bringing time savings and alleviating logistical complexities.

Recoverable oil was proven in connection with drilling well 31/4-A 13 E in the northern part of the North Sea. OKEA ASA is the operator.

The partnership leverages Exebenus SpotterTM, leading machine learning (ML) agents that will enhance Kongsberg Digital’s data collection, contextualisation and visualisation platform.

This is the first well in production licence 1058, which was issued in the Awards in Pre-defined Areas (APA) in 2019.

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.