Oil & gas news

The ongoing Russia-Ukraine conflict is expected to support the development of offshore and subsea projects around the world, says GlobalData.

CGG, a global technology and HPC leader, has announced a major multi-year global data transformation and curation agreement with bp, that will play a key role in supporting bp’s subsurface digital strategy.

The expected recoverable gross reserves from the field are estimated at 90 million boe, of which the majority will be oil, an amount which will help support Europe’s energy supply.

Wintershall Dea Norge AS, operator of production licence 055, has concluded the drilling of wildcat well 31/4-A-13 C.

Exxon Mobil Corporation has announced estimated second-quarter 2022 earnings of US$17.9 billion, or US$4.21 per share assuming dilution. Second-quarter results included a favourable identified item of nearly US$300 million associated with the sale of the Barnett Shale Upstream assets.

The project, selected by the Petrobras Socio-environmental Program, will work with almost 800 direct participants from traditional fishing communities in the municipalities of Cabo Frio, São Pedro da Aldeia, Saquarema and Maricá until 2024, totalling 24 months of duration.

The Company is now preparing to move up the wellbore for drilling of the horizontal section in the Alkaid Anomaly (primary objective), before casing, stimulating and ultimately flow testing the well.

The company has been awarded a two-year framework agreement to provide potable water management products and services to decommissioning specialists Well-Safe Solutions.

Under the terms of the three-year contract renewal, Petrofac will continue in its capacity as Duty Holder of the Kittiwake platform in the Central North Sea. It has held the role with EnQuest since 2014, and the asset’s previous owners since 2003.

Ofelia is positioned in one of Neptune’s core areas and close to existing infrastructure. The well, 35/6-3 S, is being drilled by the Deepsea Yantai, a semi-submersible rig, owned by CIMC and operated by Odfjell Drilling.