Oil & gas news

Craig International has secured a major contract with INEOS FPS valued at over £20million. Following a competitive tender, the global energy procurement specialist has been awarded a five-year contract to deliver consolidated procurement services to INEOS FPS.

Lucid’s Delaware Basin footprint overlays some of the most economic crude oil and natural gas producing acreage in North America. Current rig activity supports over 20 years of drilling inventory on Lucid’s greater than 600 000 dedicated acres

TotalEnergies E&P Suriname, Suriname Branch has exercised an option to add the drilling of one additional well in Block 58 offshore Suriname to the work scope of the drillship Maersk Valiant.

Equinor and the UK’s Centrica have signed an agreement which will provide additional supplies of around 1 billion cubic meter (bcm) of gas for each of the coming three heating seasons.

The move will see the company provide an alternative solution for geothermal well enhancement.

The new system provides detailed performance and efficiency insights across industrial assets and realise energy savings of 10 – 15% and cut CO2 emissions.

Modus has developed the application of fully automated, low cost, carbon-zero inspection and maintenance services using subsea hybrid autonomous underwater vehicles (HAUVs) to map underwater topography and inspect pipelines, cabling and undersea structures.

Under the contract, Petrofac will provide onshore and offshore personnel and a range of technical support services. The five-year contract, which has an option to extend, starts in June.

bp has agreed to sell its 50% interest in the Sunrise oil sands project in Alberta, Canada, to Calgary-based Cenovus Energy.

Australia’s oil and gas industry recognises the issues confronting the east coast electricity market, and gas suppliers will continue to work constructively with regulators and governments.