Oil & gas news

The contract, which is worth US$250 000, is scheduled for the first quarter of 2023 and expected to take around a month to complete.

ChampionX is first company to receive new annual supplier recognition award based on performance, service quality, and responsiveness.

Cassia C is expected to produce, at peak, about 200 – 300 million standard cubic feet a day of gas.

The analysis found that, on average, UK production in the North Sea was nearly three times more GHG intensive (23 kgCO2e/boe) than Norwegian production (8 kgCO2e/boe).

The discovery is located in the shallow waters of Balingian Province about 150 kilometres from Bintulu, off the coast of Sarawak, offshore Malaysia.

The discoveries were proven in 2017 and 2020 respectively and contain a total of 36.3 million bbl of recoverable oil equivalent.

Offshore drilling operator Valaris has confirmed it has renewed, for an additional three years, the service agreement it has in place with survival technology solutions provider, Survitec.

The oil and gas industry leaders are steadily incorporating transition fuels as well as low-carbon and zero-carbon energy sources into their portfolios, says GlobalData.

“The decision by OPEC+ to continue with its recently agreed 2 million barrels per day (b/d) production cut through the end of 2023 is not a surprise”, says Ann-Louise Hittle, Vice President, Macro Oils, at Wood Mackenzie.

Calypso is Neptune Energy’s third discovery in six months on the Norwegian Continental Shelf.