Oil & gas news

Pharos Energy is carrying out an infill programme to increase production from the TGT field in the Cuu Long Basin.

According to a document seen by Reuters, Shell has launched the sale of its stakes in the Baram Delta EOR and the SK307 production-sharing contracts, which are operated by Petronas Carigali Sdn Bhd.

The drilling programme, for an unnamed international oil company, is expected to commence in 2Q22 for a duration of approximately 150 days.

The Barracuda project comprises two subsea wells (both 100% Shell owned), one in the Endeavour field and the other in the Bounty field, offshore Trinidad and Tobago.

The four-week rolling average of US crude oil export volumes has not fallen below 2 million bpd during the past three years, despite the COVID-19 pandemic.

The survey area covers acreage included in the Malaysia Bid Round 2021 and fast-track results will be delivered in time for block evaluation.

Adjusted net income attributable to the company was US$83 million, or 10 cents per share, in the quarter ended June 30, compared with US$91 million, or 12 cents per share, in 1Q21.

Tolmount first gas will be delayed beyond the end of July and is now likely to be around year-end, due to issues identified in electrical systems on the HGS Tolmount platform.

ESAI has examined vaccination trends in the top 25 oil-consuming countries, looking at case load, vaccine access, vaccine hesitation and government actions, in order to forecast vaccination rates and determine when the likelihood of lockdowns and diminished economic activity should drop considerably.

The Nabors SmartROS platform can now integrate with Halliburton’s Digital Well Program, creating synergies between well planning and rig operations.