Drilling & production

bp has received final government ratification for its contract to invest in the redevelopment of several giant oilfields in Kirkuk, in the north of Iraq.

TechnipFMC has been awarded a major integrated Engineering, Procurement, Construction, and Installation contract by Shell for its Gato do Mato greenfield development offshore Brazil.

Baker Hughes awarded first technology agreement with Petrobras to develop stress corrosion cracking solution.

EIA forecasts that Alaskan crude oil production will grow in 2026, for the first time since 2017.

The contract, secured in March 2020, spanned five years and has now reached completion.

Equinor has started production at the Halten East development in the Norwegian Sea, two years following approval from Norwegian authorities.

The country has experienced fluctuating oil production due to internal strife since the fall of Muammar Gaddafi in 2011.

The combined company will be the largest Alberta Montney and Duvernay landholder, a prominent light oil producer in Saskatchewan and will leverage the combined asset base and technical expertise to drive improved profitability and superior returns to shareholders.

Murphy Oil Corporation has announced that a subsidiary has signed a Purchase and Sale Agreement to acquire an FPSO vessel from BW Offshore.

Prospera Energy (PEI) has announced it has acquired White Tundra Petroleum (WTP), with the aim of expanding its asset portfolio of low-decline base production with significant production upside.

Hunting PLC, the precision engineering group, has announced the acquisition of the Organic Oil Recovery (OOR) technology from its founding shareholders, for a consideration of US$17.5 million.

Valeura Energy Inc. has announced the successful completion of an infill drilling campaign at the Manora field in Licence G1/48 (70% operated working interest), offshore Gulf of Thailand.

Fluor has announced that it successfully led a joint venture that supported the completion and startup of Tengizchevroil’s (TCO) Future Growth Project (FGP) at the Tengiz oilfield in Kazakhstan.

The decline in drilling rigs coincides with record-low natural gas prices for most of 2024 and the wider adoption of advanced drilling and completion technologies.

Expro, a provider of energy services has been awarded major contracts from OMV Petrom, totalling more than US$10 million for the Neptun Deep gas project in the Black Sea.