Drilling & production

US natural gas production — as measured by gross withdrawals — averaged 111.2 billion ft3/d in 2020, down 0.9 billion ft3/d from 2019.

2021 is forecast to see a bump in both field starts and final investment decisions across the Europe, Middle East and Africa (EMEA) region, says GlobalData.

Projects were concentrated in Russia and Uzbekistan and the Group drilled 1.33 million m (2019: 1.37 million m). Similarly, the number of wells drilled was almost identical - 344 (2019: 350).

The SABER Tool uses internally directed pressure differentials to steer from the drill bit face, delivering true 'at-bit' geosteering.

Petronas have reported a US$272 million loss after tax for 4Q20.

Gjøa P1 is a two well development in the Norwegian sector of the North Sea with one oil and one gas producer.

John Fraser, Coretrax, explores a new hydraulic pipe recovery system that operators can use to recover from a stuck pipe event.

The agreement will increase Neptune’s existing interests in the Adorf, Apeldorn and Ringe gas fields and in the Adorf-Scheerhorn, Georgsdorf and Ringe oilfields.

Of the remaining resources on the Norwegian Continental Shelf, 4.2 billion sm3 o.e, or 52%, are proven. Unproven resources are estimated at 3.8 billion sm3 o.e.

THREE60 Energy has appointed Garrie Scott as Projects Director.

The appointments include Edward Kerr as Global Sales Manager, Kevin Robertson as Middle East Regional Manager, and David Charles as Well Engineer.

The contract relates to Carnarvon's Buffalo project offshore Timor-Leste, where the objective is to drill the Buffalo-10 well in the second half of 2021.

The partnership will offer the owners of oil and gas discoveries near Repsol Sinopec’s existing North Sea infrastructure hubs an integrated, technically robust and commercially flexible solution to meet their near to mid-term development objectives.

GlobalData’s latest report, ‘Q4 2020 Global Oil & Gas Industry Contracts Review’, states that the upstream sector reported a total of 815 contracts in 4Q20.

Northern Solutions Alaska LLC will represent Tendeka in actively promoting sales, installation, and services of its completion products and technologies in the region.