Oil & gas news

Turan Drilling & Engineering, a KCA Deutag and SOCAR AQS Company, has secured a contract extension, with a value of US$300 million, for the provision of offshore drilling operations and maintenance services in Azerbaijan.

ABB has announced a partnership with ODS Metering Systems, an independent manufacturer of custody transfer flow measurement solutions, that will see ABB’s Flow-X computers support an increasing number of oil and gas customers with an automation platform for custody transfer.

The Akatara development project is now 70% complete, delivering on the end-September 2023 progress target of 65%. Long-lead time items continue to arrive at site on schedule and the project remains on track for commissioning in 1Q24 and first gas before mid 2024.

Saipem, in consortium with National Petroleum Construction Company (NPCC), has signed today a letter of award with ADNOC for a new contract related to the Hail and Ghasha development project.

The drilling of the Mayaya Centro-X1 IE well (stratigraphic investigation), located in the north of the department of La Paz, shows signs of a new oil basin in the northern sub-Andean region, says President of YPFB.

The bureau of ocean energy management (BOEM) will publish its updated final notice of sale (FNOS) for Gulf of Mexico Oil and gas lease sale 261 in the Federal Register.

The company has introduced a self-installed continuous methane monitoring system that uses IoT-enabled sensors to detect, locate and quantify emissions across oil and gas operations.

The company has also signed an agreement to sell to Suncor the entirety of the shares of TotalEnergies EP Canada Ltd., comprising its participation in the Fort Hills oil sands asset and associated midstream commitments.

QatarEnergy has been awarded a new exploration block offshore the Arab Republic of Egypt as part of the 2022 EGAS International bid round.

The company has awarded a US$615 million (AED 2.26 billion) engineering, procurement and construction (EPC) contract to Petrofac Emirates for constructing carbon capture units, pipeline infrastructure and a network of wells for carbon dioxide injection at the Habshan gas processing plant.