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Upstream news updates

 

Senex to invest US$1 billion to boost to the natural gas industry

The Australian Petroleum Production & Exploration Association (APPEA) welcomed Senex’s major expansion of its Atlas and Roma North natural gas developments in Queensland’s Surat Basin, lifting natural gas production to 60 petajoules (PJ) per year.

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.

bp to sell interest in bp-Husky Toledo Refinery to Cenovus

Cenovus will pay US$300 million for bp’s stake in the refinery, plus the value of inventory, and take over operations when the transaction closes, which is expected to occur later in 2022. bp and Cenovus will also enter into a multi-year product supply agreement.

OceanTools launches new c-level subsea digital display

Building on the success of the DISTIL display and tilt sensor, it has a 300 m depth rated acetal housing with anodized aluminium front plate and acrylic window. The unit has an integral 3.6 Ah rechargeable battery pack, which is ample to power it for a full working day.


More oil news updates

 
 
 

Hess announces two discoveries offshore Guyana

The discoveries, which are the sixth and seventh this year, will add to the block’s previously announced gross discovered recoverable resource estimate of approximately 11 billion barrels of oil equivalent.

 
 

Saipem awarded offshore E&C contract in Italy

The company has been awarded an offshore E&C contract by Enimed, a subsidiary of Eni S.p.A., for the Transportation and Installation of an offshore gas pipeline connecting the four wells of Argo and Cassiopea Fields to the Sicilian coast (Italy).

 

CGG and bp sign multi-year data transformation agreement

CGG, a global technology and HPC leader, has announced a major multi-year global data transformation and curation agreement with bp, that will play a key role in supporting bp’s subsurface digital strategy.

 
 
 
 

ExxonMobil announces second-quarter 2022 results

Exxon Mobil Corporation has announced estimated second-quarter 2022 earnings of US$17.9 billion, or US$4.21 per share assuming dilution. Second-quarter results included a favourable identified item of nearly US$300 million associated with the sale of the Barnett Shale Upstream assets.