Recovery from Statfjord Øst to improve with gas lift pipeline
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.
Drilling & production
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Tracerco announces supply and marketing agreement with Kobold
Tracerco announced a supply and marketing agreement with Kobold Completions Inc. to provide clients with a technology that will continuously monitor oil reservoirs.
Silverwell agrees three-year multi-well gas lift contract with major NOC in S.E. Asia
Silver has secured a three-year multi-well contract in Southeast Asia for the installation of the artificial lift production optimisation system.
New US$100 million contract for semi-submersible rig Hercules
SFL has announced that it has signed a drilling contract in Canada with a value of approximately US$100 million.
Strohm’s TCP jumper installed in South America
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 have agreed to sell its remaining Eagle Ford assets
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 and Hess electrify Bakken Drilling Operations
Nabors has successfully converted all four of its Hess Corporation drilling rigs working in the Bakken to cleaner highline power.
Wood secures extension to brownfield projects contract with Woodside Energy
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 say IEA
Crude pricing could rise further into autumn, but demand growth could slow dramatically next year, according to the International Energy Agency (IEA).
Approval for Global to enter next phase of Licence PEL 94 Namibia
Global has announced that it has been granted approval to proceed with next stage in Namibian basin.
Sapiem awarded drilling and offshore contracts
Saipem has been awarded two new contracts, the first by Eni Congo and the other by BP, for a total value of around US$700 million.
Texas drilling permit and completion statistics are announced
The Railroad Commission of Texas issued a total of 772 original drilling permits in July 2023.
Palantir Technologies Inc. and Azule Energy partner on software to optimise upstream production
Palantir Foundry will help Azule Energy manage their current 200 000 bpd oil production and support their growth goal of 250 000 bpd.
Brasse project continues with OKEA as operator
The partners in the Brasse license have agreed a fast-track development concept for the oil and gas discovery, paving the way for detailed design studies to link up with the Brage field. A final investment decision is expected in 2024.
Longboat Energy announce drilling operations in Norway
Longboat Energy has announced the commencement of drilling operations on the Velocette (PL1016) exploration well in Norway.