Oil & gas news
Neptune Energy commences drilling operations at Yakoot prospect, Egypt
The company has announced that drilling operations have begun at its operated Yakoot exploration well, located in the North West El Amal Concession in the southern Gulf of Suez, Egypt.
Miros and Belga Marine to boost ocean insights in Brazil
Miros and Belga Marine has expanded their partnerships to boost ocean insights as-a-service solutions in Brazil.
Southeast Asia focus spending on cleaner energy initiatives
Southeast Asia's renewable investment to top US$76 billion by 2025, boosting energy independence and competitiveness.
Equinor to cut emissions with electric power in North Sea
Equinor and will replace two gas turbines with heat recovery to produce electric power, at Statfjord C platform in the North Sea.
Neptune Energy, Sval Energi and Storegga awarded CO2 storage licence in the Norwegian North Sea
The Trudvang area has the potential to store up to 9 million t of CO2 annually for at least 25 years – a total of 225 million t – with analysis indicating the storage potential could be even higher.
Shell and Deltic started surveying on exploration well in the North Sea
Deltic Energy has been informed by the licence operator Shell UK Ltd that site survey works associated with the Selene exploration well location have commenced.
Recovery from Statfjord Øst to improve with gas lift pipeline
The licensees in Statfjord Øst have received consent to use new facilities linked to the gas lift project on the field. Expected start-up will be soon.
Tracerco announces supply and marketing agreement with Kobold
Tracerco announced a supply and marketing agreement with Kobold Completions Inc. to provide clients with a technology that will continuously monitor oil reservoirs.
Silverwell agrees three-year multi-well gas lift contract with major NOC in S.E. Asia
Silver has secured a three-year multi-well contract in Southeast Asia for the installation of the artificial lift production optimisation system.
Wood Mackenzie: Oil and gas exploration spending to recover from historic lows
Exploration spend (excluding appraisal) will recover from historic lows to average US$22 billion per annum in real terms over the next five years, according to a new report from Wood Mackenzie.