Oil & gas news

Vitesse has acquired additional oil and gas interests in the Williston Basin of North Dakota that will result in approximately US$50 million of acquisition and related development capital expenditures, primarily in the 3Q/4Q23.

Aker BP have agreed to pioneer the use of an unmanned surface vessel (USV) for subsea inspection, maintenance and repair (IMR) and survey work.

Vår Energi has reached an agreement with Petrolia NOCO (Petrolia) to sell its 12.25% stake in the Brage field on the Norwegian Continental Shelf.

The WOO offers a detailed review and assessment of the medium- and long-term prospects for the global oil and energy to 2045.

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.