Oil & gas news

Low-cost tieback expected to add up to 75 000 bbl per day of oil production.

Two of the oil and gas industry’s respected and experienced leaders have been celebrated with Honorary Life Memberships at the opening day of the 2022 APPEA Conference and Exhibition.

The company has formally executed contracts for the Nabors 105AC drill rig to drill the Alkaid #2 well, scheduled to spud in July 2022.

The campaign uses AUSEA technology developed by TotalEnergies, the French National Research Centre for Scientific Research (CNRS) and University of Reims Champagne Ardenne.

The ten-year agreement aims to ensure predictability, which will be important to both parties in times of many great and important opportunities.

Neptune Energy Norge AS, operator of production licence 153, has concluded the drilling of appraisal wells 35/9-16 S and 35/9-16 A on oil and gas discovery 35/9-3 (Hamlet).

The company has reached an agreement to sell its Romanian upstream affiliate, ExxonMobil Exploration and Production Romania, to Romgaz for more than $1 billion, subject to government approvals.

Replan is Brazil's largest refinery in terms of processing capacity, with a load of 434,000 bpd. In addition to diesel fuel, it produces gasoline, jet fuel, asphalts, LPG, and propene, among other oil products.

The company has delivered its entire product line offering during the life of the contract, which includes tubular running services (TRS), fishing and rental services, and will complete the project on schedule despite significant operational challenges resulting from the Covid-19 pandemic.

The new agreement will give Petrobras geoscientists access to advanced technology innovations, including full-waveform inversion (FWI), significantly enhancing their imaging capabilities.