Oil & gas news

CGG has announced the sale of its US land seismic multi-client library to Bon Ton Seismic LLC.

Along with Aker BP, Equinor has made an investment decision and will submit a plan for development and operation for Krafla to the Minister of Petroleum and Energy.

The Aberdeen-based project and risk management consultancy company, has announced a one-year contract with Ithaca Energy for the use of its digital project management system.

The oil and gas sector can mitigate barriers to investment by acting on recommendations in a new report on environmental, social and governance (ESG) disclosure.

According to the company, key themes to watch for include operators’ shifting capital allocation dynamics, growing momentum in decarbonisation and renewable energy and continued reconfiguring of oil and gas projects and portfolios.

The major oil plays within the L48 region include the Permian, Bakken, Eagle Ford and DJ basins. Together, they are expected to cumulatively produce around 7.5 million bpd of crude oil in 2022.

ExxonMobil’s stake in Chad and Cameroon, previously estimated at US$360 million, contains fields producing 33 700 bpd.

Tracerco, part of Johnson Matthey Plc, has announced the launch of its cloud-based platform that will provide customers with a platform to virtually visualise all scanning projects across the globe.

The UK government is potentially facing three separate legal challenges as Greenpeace, Friends of the Earth and Uplift seek to stop up to 130 new oil and gas licences from going ahead.

The call for tenders to secure the drilling rig has been launched and should lead to a selection of the rig in the first quarter of 2023.