Upstream drilling news
Oil and gas industry overall contract value up by 27% QoQ during 4Q22, reveals GlobalData
Operations and maintenance (O&M) represented 55% of the total contracts in 4Q22, followed by procurement with 19%, and contracts with multiple scopes, such as construction, design and engineering, installation, O&M, and procurement, accounted for 13%.
Unity in development of an additive manufactured well control component
The new technology is a result of a collaborative research and development project with Net Zero Technology Centre and Spirit Energy.
GETI 2023: Surging fossil fuel prices make oil and gas sector top choice for energy workers
The seventh annual Global Energy Talent Index has revealed that the recent gas price crisis has transformed oil and gas into the most popular sector for energy workers to join and has sent salaries soaring above pre-pandemic levels.
Baker Hughes unveils new digital solutions for more intelligent operations and cleaner energy
New solutions expand on Baker Hughes’ digital ecosystem, providing new levels of efficiency, performance and emissions reduction for oilfield, gas and industrial segments.
Neptune Energy commences drilling at Adorf gas development
The well is being drilled by KCA Deutag, with final depth of around 4700 m expected to be reached in June this year.
The Njord field is upgraded ahead of another 20 years in operation
Production from the Njord field in the Norwegian Sea has resumed, following an upgrading project in which both the platform and the floating storage and offloading vessel (FSO) were brought ashore.
Pantheon Resources issues operational update on Alkaid #2 well
At this early cleanup stage, Alkaid #2 is delivering hydrocarbon liquid rates near expectations over the 4000 ft unblocked section, with gas rates well above original prognosis.
Operators fined total of £265 000 as NSTA moves to enforce net zero and security of supply requirements
EnQuest and Equinor sanctioned for exceeding flaring permits while Spirit Energy was fined for breaching production limits.
The latest developments in the MENA region
Rudranil Roy Sharma, Director, Energy & Environment Practice, Frost & Sullivan writes an overview of the current Oil & Gas sector in the MENA Region.
GD Energy Products to provide 3000 horsepower pumps to US Well Services
Each custom-designed pump is powered by an electric drive motor to create an environmentally sustainable frac unit.