Upstream news updates

The Nabors Industries rig reached total depth on a horizontal well for ExxonMobil in the Permian Basin.

TechnipFMC originally acquired an interest in Magma, a provider of composite pipe technology, in 2018.

The Ondjaba-1 well will be drilled at a new world record water depth of 3628 m.

The exploration period for Block 5, as set out in the PSC, will last 6 years, with Staatsolie retaining the right to a 40% participation.

The survey comprises a 2-month 4D monitor survey in the Louro-Mostarda Development areas of Block 32.

The transaction includes Occidental’s interests in both the Jubilee and TEN fields, which combined had 2Q21 net production of 22 000 boe/d.

The potential Trefoil Project is a subsea development at the Trefoil gas field offshore Australia, with a tie-back to the Yolla Platform.

Red Wing has said female workers in the North Sea offshore industry are being put at risk by being given men’s PPE.

Valaris upgraded the vessel’s electrical system to secure the notation, which recognises sophisticated system design to improve reliability and enhance protection.

OKEA is also likely to halt further development of the Grevling/Storskrymten discoveries.

The solution combines Halliburton’s all-electric fracturing spread with VoltaGrid’s power generation system.

The company has achieved one of its 2021 ESG goals 3 months ahead of schedule.

Noble Corp., the owner of the Noble Hans Deul rig, has initiated an investigation into the cause of the issue.

The Evelyn field is expected to be on production, via the Triton FPSO, in 4Q22.

The company has increased its interest in Offshore Licence P2478 from 15% to 32%.

The two blocks, G12-13 and H12-13, are adjacent to BW Energy's Dussafu licence offshore Southern Gabon.

Preliminary estimates by Vår Energi place the size of the discovery between 9 and 12 million boe recoverable (gross).

The Carra prospect lies to the East of the Crinan and Dandy discoveries and to the South of Fyne in the North Sea.

According to GlobalData, the merger adds significant oil production for Woodside and will ultimately lead to a more carbon-intensive product base over the near term.

The companies will collaborate to drive industry standardisation and sustainable development, as Russia’s energy sector seeks to encourage industry participation by international companies in its drive to expand at home and abroad.

The well was drilled about 1 km west of the Solveig field in the North Sea.

Following completion of the sale, Lukoil's interest in the project will increase from 10% to 25.5%.

The iXblue solution offers significant installation vessel time savings compared to conventional subsea positioning methods.

The updated resource estimate of approximately 10 billion boe includes another significant discovery on the Stabroek block at the Cataback well.