Oil & gas news

The round, which closed last week, attracted a total of 115 bids across 258 blocks and part-blocks, from a total of 76 companies.

The company has provided an operational update on its current activities and the outlook for 2023.

The company has approved the final investment decision of the Lapa South-West oil development located in the Santos Basin, 300 km off the coast of Brazil.

The company has successfully completed the assessments of the requirements for API 16AR repair and remanufacturing of drill-through equipment at its manufacturing facility in Hempstead, Texas.

According to the company, upstream oil and gas companies made big strides in 2022, restoring confidence and repairing balance sheets.

The company has secured a second contract with ExxonMobil to supply more than 24 of its jumpers for the Uaru field development situated offshore Guyana, in the Americas.

Nicolas Payer has taken up the role of Managing Director for the UK E&P business on 09 January.

In 2023 the company plans to participate in 25 exploration wells, most of them around existing infrastructure.

The companies have announced their partnership to bring high horsepower, lower emissions technology to hydraulic fracturing.

On 10 January 2023, 25 companies were offered ownership interests in a total of 47 production licences on the Norwegian shelf in the awards in predefined areas (APA) 2022.