Oil & gas news

The digital data system is already used by oil and gas producers, including Shell, Santos, Dacian Petroleum and Niger Delta Petroleum Resources.

EIA expects new milestones for US crude oil production amid sustained global petroleum demand and rising prices.

Baker Hughes flexible pipeline system has been certified as part of an ongoing type approval scheme; the unbonded flexible pipe products first received LR type approval in 1992.

The partners in the Brasse license have agreed a fast-track development concept for the oil and gas discovery, paving the way for detailed design studies to link up with the Brage field. A final investment decision is expected in 2024.

Miros has secured several ‘as a service’ contracts across the global offshore vessel markt with WaveSystem supporting the offshore work.

Longboat Energy has announced the commencement of drilling operations on the Velocette (PL1016) exploration well in Norway.

Abu Dhabi National Oil Company (ADNOC), the State Oil Company of Azerbaijan (SOCAR) and TotalEnergies have announced a strategic transaction that will see ADNOC acquire a 30% equity stake in the Absheron gas and condensate field in the Caspian Sea.

Gas produced during the ramp-up period is estimated to be approximately 1 800 000 cm3 with 100% of this gas sold to BP Gas Marketing under the 18-month supply agreement.

After completion of this transaction, which is subject to the approval by the relevant authorities, TotalEnergies will own a 35% interest in Absheron gas field, alongside SOCAR (35%) and ADNOC (30%).

The partnership will see UnderOcean provide business development and engineering support on behalf of FET’s Subsea Technologies product line in Brazil.