Oil & gas news

The 6-month project will cover approximately 8500 km2 and will be acquired by the Amazon Warrior using 14-streamers and Flexisource triple source.

Drilling Systems has launched a new licence-based pricing model which will cut the overall cost of entry level simulator technology by more than half.

Forum will provide global sales, distribution and support of Olis remotely operated vehicles (ROV) controllers for the offshore energy market.

The research and business intelligence company is forecasting a 4% decline in global oilfield service revenue if oil prices stay flat next year.

The report reveals that gas is the only fossil fuel expected to continuously rise in demand through to 2035.

The OOC Oil & Gas Blockchain Consortium, whose members include Chevron Corp., ConocoPhillips, Exxon Mobil Corp., Equinor and Royal Dutch Shell, has awarded a contract to Data Gumbo to pilot blockchain technology for water handling services.

At an event in Rio de Janeiro, firms paid a total of US$3.74 million for the rights to explore the areas in question.

The four-year agreement with Petrobras represents the largest fishing contract ever signed by Weatherford.

The four blocks in the Central North Sea cover an area of approximately 500 km2, and include the Zeta prospect, which United estimates could contain over 90 million bbl of in-place oil.

The company has upgraded its full year oil production guidance to 21 000 – 23 000 bpd from 19 000 – 22 000 bpd.