Drilling & production

The company has completed the acquisition of a portion of Chesapeake Energy’s oil and gas assets in the Eagle Ford shale, south Texas for US$1.4 billion.

The company has revealed plans to build the North Sea Renewables Grid (NSRG), an offshore integrated green power and transmission system, powered by floating wind, that oil and gas platforms will plug into for clean power.

With several challenges facing new gas developments in Latin America, supply will be unable to keep up with demand, driving the need for expanded imports to the region over the next decade.

The company has announced a long-term partnership with Applied Research International (ARI) to evolve well control education through immersive virtual simulation training.

ASTM International’s hazardous substances and oil spill response committee (F20) has approved two new standards that will each enhance knowledge essential for oil spill response.

The agreement updates and replaces a previous memorandum of understanding between the agencies from 1994.

The new well is expected to produce approximately 4000 boe/d – enough gas to heat approximately 200 000 UK homes.

Aberdeen-based Zenith Energy Limited has announced that it has acquired recruitment specialist Prodrill Energy Resource Solutions. Louise Wood will lead the existing team as Recruitment Director.

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.