Drilling & production

On 25 April, Wintershall Dea announced a significant oil discovery in Mexico in the Kan prospect in the offshore Block 30.

Digital twin software provider Aize and bp have agreed to extend their partnership to all five of bp’s North Sea oil and gas assets.

Halliburton Testing and Subsea Nigeria is celebrating two significant milestones: an early production facility recently processed its 10 millionth barrel of oil. The team also reached the milestone with zero lost-time incident (LTI) days.

The company has been awarded work in Kuwait for the first time. The two scopes cover maintenance and provision of certificates of conformance for onshore rigs across sites for two clients.

According to Wood Mackenzie, Sakarya Phase One will put a sizeable dent into the country’s energy import bill, which reached US$97 billion in 2022.

The well was drilled about 5 km west of the Gudrun field in the North Sea, and about 230 km west of Stavanger.

As companies in the energy sector struggle to find the balance between satisfying shareholder returns and meeting stakeholder low-carbon demands, new strategies are emerging that could be the catalyst to drive capital allocation decisions toward growth and closing valuation gaps, according to a new Horizons report from Wood Mackenzie.

The sale comes as Enteq expands to new US headquarters in Houston, Texas, as it drives the continued development of SABER.

Wärtsilä will operate the power modules onboard a FPSO vessel, on behalf of the owner 3R Petroleum and has also signed a five-year optimised maintenance agreement with the company to ensure the reliability and performance of the installation.

Rapid adoption of automation technology and digital solutions for completions drove the need for local customer support, logistics and a full-service operations base to support the Permian Basin.

While confirming all the terms of the Development & Production Contract signed in 2021, TotalEnergies and the Iraqi Government have jointly defined the necessary conditions and mutual insurances to move forward with the Gas Growth Integrated Project (GGIP).

The project financing is provided by a consortium of 13 international banks with insurance cover from 4 international Export Credit Agencies (ECA).

Southeast Asia will be a hotbed for upstream mergers and acquisitions (M&A) in the next two years, with more than US$5 billion of assets up for grabs, Rystad Energy research shows.

The company’s scope of work includes the design and manufacture of the subsea production manifold featuring TCS subsea connectors along with valves sourced from Advanced Technology Valve S.p.A. (ATV) in Colico, Italy.

The company has announced that it will spend US$23 million on a targeted decommissioning programme in Germany this year, plugging and abandoning wells which have ceased production and removing associated infrastructure.