Upstream drilling news

Subsea7 today announced the award of a sizeable contract by Shell Offshore Inc. in the US Gulf of Mexico.

CNOOC Ltd has announced that CNOOC Energy Holdings U.S.A. Inc., a US-based subsidiary of its wholly owned subsidiary CNOOC International Ltd., has entered into a Stock Purchase Agreement (SPA) with a subsidiary of INEOS Energy for the sale of CNOOC Holdings U.S.A. Inc.

EIA reported that 2Q24 financial results for 34 E&P companies suggest increasing well productivity is helping these companies reduce production costs on a per bbl basis and freeing up cash for other uses such as dividends and share repurchases.

SPM said the pump longevity increased uptime and reduced total cost of ownership.

TotalEnergies has announced that it has finalised the acquisition of the interests of OMV (50%) and Sapura Upstream Assets (50%) in SapuraOMV Upstream, an independent gas producer in Malaysia.

Sound Energy gas announced the completion of the sale of the share capital of Sound Energy Morocco East Ltd.

Jadestone Energy has announced that the Akatara gas development has successfully completed its formal EPCI contract performance test.

CNX Resources Corporation has announced that it has entered into a definitive agreement to acquire the natural gas upstream and associated midstream business of Apex Energy II, LLC.

The incorporated joint venture (IJV) will be set up to sustain domestic oil and gas production and security of energy supply in the UK.

Sintana Energy Inc. has provided the following further update regarding the second campaign on blocks 2813A and 2814B located in the heart of Namibia’s Orange Basin.