Drilling & production

The oil and gas industry leaders are steadily incorporating transition fuels as well as low-carbon and zero-carbon energy sources into their portfolios, says GlobalData.

“The decision by OPEC+ to continue with its recently agreed 2 million barrels per day (b/d) production cut through the end of 2023 is not a surprise”, says Ann-Louise Hittle, Vice President, Macro Oils, at Wood Mackenzie.

Calypso is Neptune Energy’s third discovery in six months on the Norwegian Continental Shelf.

The well was drilled about 17 kilometres north of the Heidrun field in the Norwegian Sea and 240 kilometres west of Sandnessjøen.

In the past six years, CGG has successfully delivered land, marine, transition zone, OBC and high-density OBN seismic imaging results at the BSP centre.

The development will ensure activity and stable gas deliveries from Aasta Hansteen until 2039.

The company has appointed Ruth Thomas as Subsurface Team Lead, with the company broadening its range of subsurface well plug and abandonment (P&A) design services.

The company has provided an update on its financing activity in respect of its Thali Production Sharing Contract (PSC), in the Rio Del Rey sedimentary basin offshore Cameroon.

The company and its licence partners have announced that hydrocarbons have been encountered in the Calypso exploration well in the Norwegian Sea, located within the Neptune-operated PL938 Licence.

The goal was reached ahead of schedule and is the result of numerous emissions reduction projects executed in Egypt throughout 2022.

The second term of licence P2244 was due to expire at the end of November this year but will now expire at the end of November 2023.

The company offers innovation and application solutions built to withstand demanding wells.

Australia’s oil and gas industry has welcomed the appointment of Sue McCarrey as the new Chief Executive Officer of the National Offshore Petroleum Safety and Environmental Management Authority (NOPSEMA).

Keppel Offshore & Marine Ltd has signed bareboat charter contracts with ADES Saudi Limited Company for two jackup rigs to be deployed in Saudi Arabia.

The partners have decided to postpone the investment decision scheduled for December 2022. The maturation of the project continues, aiming for an investment decision by end of 2026.