Oil & gas news

Fugro will employ its specialised survey technology to inspect the subsea infrastructure, including pipelines and structures, and to undertake survey activities in advance of future drilling campaigns on the Cygnus field.

Shell said that the court did not consider the details of its Powering Progress strategy when ruling that the company must reduce its global net carbon emissions by 45% by 2030 compared to 2019 levels.

The company recorded a net income of US$227 million for 2Q21, compared to US$170 million in 1Q21.

The work programme is scheduled to last approximately four months and to start the process of converting approximately 100 million boe (gross) of 2C resources into 2P reserves.

In 2020, US initial crude oil production per well, or well production efficiency, increased significantly in the Bakken region, according to the U.S. Energy Information Administration’s Drilling Productivity Report.

Borr Drilling's Prospector-1 jack-up is expected to arrive on location in the Dutch North Sea before the end of July and to remain on contract with Kistos for approximately four months.

Subject to the result of the discussion and feasibility study, the business alliance contemplates the establishment of a joint venture company by the end of 2021.

The contract positions Petrofac to support the Clipper South complex, Leman Alpha assets, Bacton Terminal, and ONEgas Barge campaigns in the Southern North Sea.

The new digital twins of Neptune’s wells were developed using a data visualisation platform based on 3D gaming technology to enhance drilling and production efficiency, and reduce time and costs.

Harbour Energy has become a signatory to the World Bank’s ‘Zero Routine Flaring by 2030’ initiative.