The Saudi Arabian Oil Company has signed a Memorandum of Understanding (MoU) with China Petroleum & Chemical Corporation (Sinopec) covering multiple areas of potential collaboration between the parties in Saudi Arabia.
Upstream news updates
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.
Miros Group has secured a trio of three-year agreements with Subsea 7 to install its IoT dry-sensor WaveSystem. Each contract comprises a three-year period plus a subsequent one-year option. The contracts are due to commence between Q1 and Q3 2022.
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.
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.
The study ranked 59% of companies at Medium Risk for a cyber breach, 13% at Low Risk and 28% at Very Low Risk. It also revealed 94% of all ransomware threats were held by only 51% of companies.
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.
A floating hotel with maintenance workshops, each UMS can accommodate around 500 workers who do not belong to the platform team and who work in campaigns or scheduled shutdowns of the maritime units in operation, which makes it possible to carry out a wide range of activities complementary to the unit routine.
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.
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The company has launched its new, compact, Wellhead Plug Catcher, which is installed directly between the wellhead and the production choke.
This is the first unit Logan has delivered with a removable drum, which means the unit footprint can remain static on the vessel while the drums can be taken to a shore base for unspooling and respooling.
Neptune Energy has announced the award of a £10 million three-year vessel services contract to Sentinel Marine, to provide offshore support for its operated Cygnus gas field in the UK southern North Sea.
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.
The ongoing Russia-Ukraine conflict is expected to support the development of offshore and subsea projects around the world, says GlobalData.
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, 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.
The expected recoverable gross reserves from the field are estimated at 90 million boe, of which the majority will be oil, an amount which will help support Europe’s energy supply.
The industrial services provider will be responsible for all routine maintenance services and fabrication across Shell’s Deepwater GOM fleet for a minimum of three years, with the option to extend for a further two years.
Wintershall Dea Norge AS, operator of production licence 055, has concluded the drilling of wildcat well 31/4-A-13 C.
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.
The project, selected by the Petrobras Socio-environmental Program, will work with almost 800 direct participants from traditional fishing communities in the municipalities of Cabo Frio, São Pedro da Aldeia, Saquarema and Maricá until 2024, totalling 24 months of duration.
The Company is now preparing to move up the wellbore for drilling of the horizontal section in the Alkaid Anomaly (primary objective), before casing, stimulating and ultimately flow testing the well.
The company will provide a complete end-to-end managed service, as a fully independent riser system and connector OEM, which will be operated via a jack-up MODU, in water depths of 62 m.