Oil & gas news

Total oil output from the Permian, including both conventional and unconventional, is forecast to grow by almost 1 million barrels per day (bpd) this year, jumping from 4.7 million to 5.6 million bpd, before climbing further to around 6.5 million bpd in 2023

Japan’s JGC Holdings Corporation has announced that JGC Corporation and JGC Arabia have been jointly awarded a pair of contracts by Saudi Aramco for the Zuluf oil and gas field development megaproject.

The programme consists of waterfloods and workovers of existing wells as well as new offset wellbores and lateral drilling which G2 plans to initiate on financial close.

JGC has received the orders for the construction projects for the core onshore GOSP and utility facilities including water injection facilities.

LUBNOR is the fourth asset to have the purchase and sale agreement signed as part of the commitment signed by Petrobras with CADE in June 2019 to open the refining market in Brazil.

With a stable, business orientated administration and superb travel and communication facilities, Malta could be an excellent choice to become the ‘energy hub’ of the Mediterranean both for LNG supplies and renewables.

The independent global oilfield solutions company will deliver a Pre-FEED oil and water analysis for Qatar Energy, and a water injection study and systems optimisation review for North Oil Company).

The company has announced the award of a major contract by Petrobras for the development of the Búzios 8 field located approximately 180 kilometres off the coast of Rio de Janeiro at 2000 m water depth in the pre-salt Santos basin.

The GTA gas field, which is set to produce around 2.5 million t of LNG per year, is located offshore on the border between Mauritania and Senegal.

The current schedule expects drilling through the target reservoir occurring, at earliest, between Thursday 2nd and Sunday 5th June.