Drilling & production

The company has signed the Production Sharing Contract (PSC) to formally acquire a 25% stake of the Atapu field.

The company has decided to proceed with the Maromba development project offshore Brazil and has signed an agreement to purchase the FPSO Polvo from BW Offshore.

ExxonMobil is the first company to achieve certification for natural gas production associated with oil. The certification from MiQ helps the company meet customer demand for energy produced with fewer emissions.

The companies have joined forces in an R&D project that aims to replace costly downhole sampling and logging with more cost-efficient solutions.

The three new discoveries offshore Guyana have increased its estimate of the recoverable resource for the Stabroek Block to nearly 11 billion boe.

The Ministry of Petroleum and Energy (MPE) has extended the production licenses in the Greater Ekofisk Area from 2028 to 2048.

The hydraulic fluid is designed to meet the complex needs of the drilling industry quickly and efficiently.

The amount received at the closing adds to the amount of US$56 700 paid to Petrobras when the sale contracts were signed, totalling an amount of US$63 000.

CNOOC announced that Luda 5-2 oilfield north phase I project and Kenli 6-1 oilfield 4-1 block development project have commenced production.

The combined entities will offer advanced milling and swarf handling services to deliver verifiable, emission-free well barriers and predictable alternative zonal isolation solutions to the plugging and abandonment (P&A) industry.

Cloudbreak will act as a financial partner and sit on the joint operating committee giving corporate direction and reviewing technical information.

The project will boost production at the existing Maria field in the Norwegian Continental Shelf. The contract includes subsea trees, spools, jumpers, and flexible pipes.

Hod B in the North Sea will soon come on stream, thanks to an unmanned facility remote-controlled from the Valhall field.

The transaction will contribute to the optimisation of Maersk's fleet in line with the company's strategic priorities.

Production has started from the first two wells at the Roncador increased oil recovery (IOR) project, bringing daily production to approximately 150 000 barrels.