Oil & gas news

Equinor has announced the Johan Castberg oilfield in the Barents Sea has come onstream. The field will be producing for 30 years.

bp has received final government ratification for its contract to invest in the redevelopment of several giant oilfields in Kirkuk, in the north of Iraq.

The acquisition is proposed through a consortium, with Horizon to acquire 75% of the shares in Exxon Mobil Exploration and Production Khorat Inc. with Matahio Energy acquiring the residual 25% and agreeing to manage EMEPKI employees and operatorship of the Nam Phong field on behalf of the consortium.

Enteq Technologies, the specialist energy services engineering and technology company, has successfully completed its latest round of trials for The SABER Tool, its Rotary Steerable System (RSS) technology, at Catoosa Test Facility. This phase validated engineering improvements made following previous testing.

The country has experienced fluctuating oil production due to internal strife since the fall of Muammar Gaddafi in 2011.

Murphy Oil Corporation has announced that a subsidiary has signed a Purchase and Sale Agreement to acquire an FPSO vessel from BW Offshore.

Hunting PLC, the precision engineering group, has announced the acquisition of the Organic Oil Recovery (OOR) technology from its founding shareholders, for a consideration of US$17.5 million.

Equinor and its partners, Okea and Pandion Energy, have proven gas and condensate in the Mistral Sør exploration well in the Halten area, situated in the southern part of the Norwegian Sea.

The decline in drilling rigs coincides with record-low natural gas prices for most of 2024 and the wider adoption of advanced drilling and completion technologies.

Caterpillar Oil & Gas has announced the development of the Caterpillar® Gas Mechanical System (GMS), a fully integrated power solution for frac operations, utilising 100% natural gas.