Orcadian Report provides carbon emissions solution for North Sea
The outcomes would enhance the UK’s energy security and would ensure that emissions from North Sea oil and gas production remain world leading.
Offshore & subsea
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Longboat Energy executes a two-well farm-in agreement with OMV
The licences contain two firm wells on the Oswig and Velocette prospects anticipated to drill in the summer 2022 and 2Q23 respectively. All the licences are operated by OMV which will retain a 40% working interest post-transaction.
Transfer of Krafla operatorship from Equinor to Aker BP
The companies have signed a MoU for transfer of the Krafla operatorship from Equinor to Aker BP, making Aker BP the operator of all discoveries in the NOAKA area.
Sirius-Somoil Consortium SPA signed to acquire interests in Angolan offshore blocks 18, 27, and 31
The companies have signed a legally binding sale and purchase agreement with Angola’s state-owned oil company for a total consideration of US$335.5 million.
Petrofac secures sizeable decommissioning contract through Gulf of Mexico Alliance
Petrofac has been appointed by PDC as the Decommissioning Services Provider in a contract valued at around US$200m.
Neptune secures renewable electricity supplies for German assets
The company has secured new renewable electricity supplies for its operated assets in Germany, reducing emissions by more than 11 000 t of CO2 per year.
Liberty Energy and Seismos partner up to provide real-time stimulation QC
The companies aim to expand the toolset for real-time quality control of stimulation performance with a focus on maximising value to E&P operators.
Well-Safe Solutions announces agreement to add third rig to fleet
The rig acquisition is expected to create around 100 jobs in a variety of onshore and offshore roles.
Baker Hughes launches subsea wellhead technology
The technology is set to save operational rig costs by helping lower overall wellhead installation costs due to reduced rig trips.
Libra Consortium announces first production at Mero field’s FPSO Guanabara in Brazilian pre-salt
Shell Brasil Petróleo Ltda has announced the start of production of the FPSO Guanabara in the Mero field, offshore Santos Basin in Brazil.
Solaris Oilfield Infrastructure, Inc. shares first quarter financial results
The independent provider of supply chain management and logistics solutions designed to drive efficiencies and reduce costs for the oil and natural gas industry, has reported financial results for the first quarter 2022.
C-Innovation signs contract for continued RLWI services
The company has signed a two-year contract for continued Riserless Light Well Intervention (RLWI) services onboard the Island Venture offshore support vessel.
Neptune Energy announces the discovery of oil and gas at the Hamlet exploration wells in the North Sea.
Work is continuing to confirm potential recoverable resources, but Neptune’s preliminary estimate is 8-24 million boe.
Upwing Energy to showcase new End2End comprehensive net-zero natural gas service at OTC 2022
Upwing Energy will introduce its new comprehensive integrated End2End (E2E) service boosting production and recoverability in conventional gas wells at the 2022 Offshore Technology Conference (OTC).
ExxonMobil makes three new discoveries offshore Guyana
The three new discoveries offshore Guyana have increased its estimate of the recoverable resource for the Stabroek Block to nearly 11 billion boe.