Oil & gas news

The company's CAN technology aims to reduce field development costs and help with wells in difficult seabed conditions.

The XWI algorithm, which enables data-driven earth model building, helped Tullow Oil to strike oil at the Jethro-1 well earlier this month.

The company will provide regulatory testing and reporting services for 825 wells in the Texas Panhandle, US.

The deal makes Hilcorp the second-largest Alaska producer and reserves holder, behind ConocoPhillips.

The Vero system applies artificial intelligence to validate well integrity.

The money from this financing round will support the qualification and commercialisation phases for the company’s Slim Battery-powered Conveyor.

A vessel is en route to the field to undertake site preparation before a drilling rig is moved to the site.

Production is expected to double from 149 billion m3 in 2018 to 325 billion m3 in 2040.

The Aseng 6P well was drilled to a total depth of 4417 m and is expected to produce first oil in October 2019.

The highest US crude oil exports to China in 11 months lifted total seaborne US crude oil exports to a record high at 11.9 million t in June 2019.