Drilling & production

The company has announced an oil discovery by the Pedunculo well, located in the north-west of the Sépia oil field, approximately 250 km off the coast of Rio de Janeiro, Brazil.

The company has reported third quarter 2022 revenues of US$1.89 billion, an increase of 9% compared to the second quarter of 2022 and an increase of 41% compared to the third quarter of 2021.

Eni has been working with the ‘Ionic Liquids Group’ at the University of Pisa for several years to develop innovative solutions in areas including the extraction of bio-oil from algal mass, the treatment of sulphur, and advanced algorithms for subsurface analysis.

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.