Oil & gas news
APICORP: MENA energy investments to exceed US$805 billion over next five years
Committed gas investments in MENA for the period 2021-2025 are expected to total US$75 billion – US$9.5 billion less than the previous outlook.
FutureOn awarded digital twin contract from Aker BP
Aker BP will adopt FutureOn’s digital twin software to digitise their workflows.
ANPG opens Congo, Kwanza blocks in ongoing bid round
Angola’s National Oil, Gas and Biofuel’s Agency has officially opened blocks for licensing in the Onshore Lower Congo Basin and the Onshore Kwanza Basin.
NEO Energy publishes Low Carbon Transition Plan
NEO will seek to reduce the carbon intensity per barrel of oil equivalent produced by its portfolio by 50% by 2030.
BHP begins producing oil from Trinidad and Tobago project
At completion, Ruby is expected to have the capacity to produce up to 16 000 gross bpd of oil and 80 million gross standard ft3/d of natural gas.
Petrobras to contract new FPSO for Búzios field
The platform will be the ninth unit to operate in the field, in the Santos Basin pre-salt.
Vår Energi awards DNV inspection services contract
The contract will cover inspection services to Vår Energi’s full portfolio of assets on the Norwegian Continental Shelf.
Valaris completes restructuring and emerges from Chapter 11
Valaris has eliminated US$7.1 billion of debt and secured a US$520 million capital injection.
SDX Energy begins Morocco drilling campaign
The first phase of the company's Morocco drilling campaign will consist of three appraisal/development wells, targeting an estimated total of 1.3 billion ft3 of P90/1.8 billion ft3 of P50, gross unrisked prospective recoverable resources in the Gharb Basin.
Maersk Training and Shell establish offshore training partnership for Gulf of Mexico
Maersk Training will deliver safety, pool survival, well control and process training in the region.