Oil & gas news

It is anticipated that a discovery at North Eigg would be developed utilising Serica’s nearby 98% owned and operated infrastructure on the Bruce platform. Results of the North Eigg well are expected in mid-October and will be announced by RNS.

With its headquarters in Warrington, England, the new office in Aberdeen becomes its second facility in the UK, strengthening its presence in the UK’s vital oil and gas industry, as well as in Europe and Africa.

The facility allows the company to stock equipment which is available for hire and deployment straight away, helping ease concerns around supply chain delivery.

TechnipFMC will continue to provide a wide range of engineering, studies and technical services to Neptune Energy. This includes installation work and operational support for Neptune’s development projects and producing fields.

VES will combine its global manufacturing infrastructure with Sledgehammer’s supply chain efficiency to create a consolidated major producer of consumable downhole oilfield products across the Middle East, Asia and European markets.

The highest ESG score overall goes to Chevron, followed by SM Energy in second, while Ovintiv and ConocoPhillips shared third place.

Oil balances remain tight and prices are comfortably pinned above US$100 with risks to the upside, according to Enverus Intelligence Research’s latest PetroLogic report, Supply Constraints Dominate.

Operations have commenced on the Alkaid oil accumulation with the spudding of Alkaid #2, the company’s first horizontal well on the ANS, using the Nabors 105AC drill rig.

The Valaris DS-17 drillship has been tasked to drill an appraisal well, plug an old exploration well and conduct additional drilling scope in Brazil.

The company has announced that it has joined the Aiming for Zero Methane Emissions Initiative, a project to cut emissions of the harmful greenhouse gas to near zero by 2030.