TGS announces Amendment Phase II in the US Gulf of Mexico
The company has announced a continuation of its ultra-long offset ocean-bottom node (OBN) acquisition in the US Gulf of Mexico.
Drilling & production
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Transocean Ltd. announces US$181 million in contracts for ultra-deepwater drillship Deepwater Asgard
The company has announced today that the ultra-deepwater drillship, Deepwater Asgard, received two contract awards in the US Gulf of Mexico for a total of approximately 14 months of work, adding US$181 million in firm backlog.
TAQA to acquire 100% of Al Mansoori Petroleum Services
The transaction is expected to close in 4Q22, subject to obtaining all relevant approvals and satisfying other conditions to closing.
STRYDE signs seven-figure deal with Polaris Natural Resources at IMAGE ‘22
The seven-figure contract, sees Polaris purchasing a 13 000-node system from innovative land STRYDE. The system will be used to acquire high-density subsurface data to enable cost-effective and efficient oil and gas exploration in Africa.
Neptune Energy confirms new discovery in the Gjøa area
Neptune Energy and its partners have announced a new commercial discovery at the Ofelia exploration well (PL 929), close to the Gjøa field in the Norwegian sector of the North Sea.
Intelligent Wellhead Systems joins Corva’s program to optimise completions, operational performance, and maximise well productivity
The new IWS SIMOPS app is now available on the Corva App Store. The app provides real-time visualisations of the frac tree and wellheads that improve wellsite operational and safety performance.
Offshore acreage for CCS and petroleum exploration boost decarbonisation and energy security efforts in Australia
Australia’s oil and gas industry says new offshore acreage to explore for carbon capture and storage opportunities as well as areas for petroleum exploration will support efforts to lower emissions and ensure continued energy security.
TotalEnergies announces offshore gas discovery in Block 6
A significant gas discovery has been made at the Cronos-1 well, in Block 6, offshore Cyprus. This discovery follows the Calypso-1 discovery made on the same Block in 2018.
Oil States shares details of E-Flow Controls acquisition
The company has shared further details regarding the previously disclosed acquisition of Aberdeen-based E-Flow Control Holdings, Ltd.
US shale hedging losses could top US$10 billion this year
US shale oil producers are in line to suffer more than US$10 billion in derivative hedging losses this year if oil prices remain around US$100 per barrel, Rystad Energy research shows.
Aramco and Sinopec sign MoU to collaborate on projects in Saudi Arabia
The Saudi Arabian oil company has signed a Memorandum of Understanding (MoU) with China Petroleum & Chemical Corporation (Sinopec) covering multiple areas of potential collaboration between the parties in Saudi Arabia.
Senex to invest US$1 billion to boost to the natural gas industry
The Australian Petroleum Production & Exploration Association (APPEA) has welcomed Senex’s major expansion of its Atlas and Roma North natural gas developments in Queensland’s Surat Basin.
Miros wins trio of sensor contracts with Subsea 7 pipelay support vessels
Miros Group has secured a trio of three-year agreements with Subsea 7 to install its IoT dry-sensor WaveSystem. Each contract comprises a three-year period plus a subsequent one-year option. The contracts are due to commence between Q1 and Q3 2022.
Búzios field breaks monthly production record
In June this year, Petrobras reached an average monthly production of 616 000 barrels of oil per day (bpd) in the Búzios field, in the pre-salt layer of the Santos Basin.
Azule Energy begins operations
bp and Eni have confirmed that Azule Energy, the new 50/50 independent joint venture combining the two companies’ Angolan businesses, has been officially established.