Drilling & production

Third quarter production grew to approximately 360 000 bpd with 1 million bpd targeted by 2030.

The company has reported robust performance in a turbulent economic environment with lower crude prices and higher gas prices compared with Q2 2022.

The companies aim to provide valuable real-time data about machine oil quality in order to improve machine performance in the field.

Each custom-designed pump is powered by an electric drive motor to create an environmentally sustainable frac unit.

The IJV has been developed specifically to pursue and execute select, EPC, EPCm, brownfield, and commissioning activities in Brunei Darussalam.

The well was drilled about 18 kilometres west of the Norne field in the Norwegian Sea and 220 km west of Sandnessjøen.

Comprehensive analysis calculates 125 000 undeveloped drilling locations amounting to 60 billion bbl of untapped oil and 320 Tcf of undeveloped natural gas.

AGR, a multi-disciplinary engineering consultancy and software provider, is to expand and grow its range of services with the opening of an office in Oslo, Norway, to meet increased demand from new projects coming online in the oil and gas and renewables sectors.

Chinese governmental bodies reviewed the discovery and certified the proven in-place of natural gas and condensate oil at over 50 billion cubic metres and 3 million cubic metres respectively.

The company has announced a partnership with NRGX to jointly provide a solution to scrutinising well data quality when accessing TGS log subscriptions.

According to Future Market Insights, the oilfield communications market is expected to grow from US$3.8 billion in 2022 to US$6.4 billion by 2032.

The company has announced that it has entered into a definitive purchase agreement to acquire all leasehold interest and related assets of FireBird Energy LLC.

On 10 October at 20:00 local time, the new platform in Brazil, Peregrino C, produced its very first oil.

The company has officially opened its new Test Flow Loop facility in Esbjerg, which will provide essential corrosion testing for numerous Carbon Capture and Storage (CCS) projects.

The company has announced approval from the State Mining Authority for Rhineland-Palatinate to raise the production limit at its operated Römerberg oil field in the Rhine Valley, south-western Germany.