Oil & gas news

The company has announced a series of key contract wins across the Asia Pacific (APAC) region.

Orcadian has entered into a non-binding Heads of Agreement (HoA) with a North Sea operator (the Operator), which details a potential farm-out of the Pilot development project.

Touchstone Exploration has provided an update regarding natural gas and liquids production volumes from the recently commissioned Cascadura facility.

BP has announced that Bernard Looney has notified the Company that he has resigned as Chief Executive Officer with immediate effect.

OPEC has noted, on the International Energy Agency’s recent Op-Ed published, asserting that fossil fuel demand would peak before 2030, that consistent and data-based forecasts do not support this assertion.

Transocean has announced a three-year award for the newbuild ultra-deepwater drillship Deepwater Aquila with a national oil company for work offshore Brazil. The contract is expected to commence in the 3Q24 and represents approximately US$486 million in firm backlog.

Wood has secured contract wins with major UK operators for its digital maintenance optimisation solution, maintAI.

Horizon56, has strengthened its partnership with Archer, with a deal to digitalise a further nine rigs within Archer’s operations.

Once the expansion of the facilities is completed, this oil field will increase its production from 250 000 bpd of Arab light crude oil to more than 500 000 bpd, in addition to 40 000 bpd of condensed hydrocarbons.

The Woodside-operated Shenzi North project has commenced production in the deepwater US Gulf of Mexico, with achieved production ahead of targeted first oil in 2024.