The Guyana investment strategy continues to yield positive results; additional exploration wells planned later this year, while production from two vessels currently operating offshore has exceeded their initial combined target of 340 000 bpd.
ZMI Holdings has announced that ADNOC Logistics & Services), the shipping and maritime logistics arm of ADNOC Group, has entered into definitive agreement to acquire ZMI. The transaction is subject to customary regulatory approvals and is expected to close in 4Q22.
The project is expected to come online in the mid-2020s, and at peak production rates, could represent over 6% of projected UK North Sea gas production in the middle of this decade, with operational emissions of less than 1% of the whole UK basin.
This marks an important milestone in the development of Fenja, which is scheduled to come on stream in the first quarter of 2023 and will produce approximately 28 000 boepd at plateau.
The company has announced its decision to withdraw from the Yadana field and from gas transportation company MGTC in Myanmar, both as shareholder and as operator.
Shell has made a statement after the Dutch Public Prosecutor's office announced it had dismissed its investigation into bribery allegations related to Oil Prospecting Licence (OPL) 245 in Nigeria.
The deal is the first scope agreed for the Well-Safe Defender semi-submersible rig, which Well-Safe Solutions purchased in June 2022.
Under the contracts, the company will provide front-end engineering design (FEED), detailed design support, project management services and construction management services.
The five-year agreement, which also has two, two-year extension options, will see Sparrows deliver crane operations and maintenance services across 10 of the operator’s assets in the region.
TÜV SÜD National Engineering Laboratory is calling upon businesses within the oil & gas industry to take advantage of funding offered by Innovate UK as part of its Analysis for Innovators (A4I) programme.
The company plans to reactivate the S. Antonio-1 well, with an expected initial production rate of 1300 cubic metres of natural gas per day.
To protect Oil India’s data centres, Juniper’s SRX4200 Service Gateways, Security Director, and Junos Space Network Director were selected to configure and manage application security, intelligence and policies across its networks.
VMC and Howden have grown their market share by reaching 1001 compressors sold in South America.
A gas leak in a contained area related to a turbine on Sleipner A was reported in the morning of 11 July. The incident was quickly clarified. During the process of resuming production and depressurisation, an additional gas leak occurred on the Sleipner R riser platform late Monday night.
A new feature used in the creation of GeoWells Brazil is an innovative core image interpretation workflow. This harnesses machine learning technology to predict core and thin section descriptions over hundreds of wells, and tens of thousands of images.