Oil & gas news

ExxonMobil is the first company to achieve certification for natural gas production associated with oil. The certification from MiQ helps the company meet customer demand for energy produced with fewer emissions.

The companies have joined forces in an R&D project that aims to replace costly downhole sampling and logging with more cost-efficient solutions.

The three new discoveries offshore Guyana have increased its estimate of the recoverable resource for the Stabroek Block to nearly 11 billion boe.

Shell has published its Energy Transition Progress Report 2021 detailing the company’s progress over the past year. This report will be put to shareholders for an advisory vote at the Annual General Meeting on 24 May 2022.

The Ministry of Petroleum and Energy (MPE) has extended the production licenses in the Greater Ekofisk Area from 2028 to 2048.

The amount received at the closing adds to the amount of US$56 700 paid to Petrobras when the sale contracts were signed, totalling an amount of US$63 000.

Global oil demand is expected to reduce as a result of slowing economic activity and GDP growth cuts.

CNOOC announced that Luda 5-2 oilfield north phase I project and Kenli 6-1 oilfield 4-1 block development project have commenced production.

The combined entities will offer advanced milling and swarf handling services to deliver verifiable, emission-free well barriers and predictable alternative zonal isolation solutions to the plugging and abandonment (P&A) industry.

Improvements in the US shale sector are a significant driver of the decline in flaring activity.