Oil & gas news

SLB has announced an investment and technology partnership agreement with Geminus AI that will give SLB exclusive access to deploy the first physics-informed artificial intelligence (AI) model builder for oil and gas operations.

Equinor’s exploration well 30/4-4 in the North Sea is dry. The well was drilled about 7 km north of the Martin Linge field in the North Sea and 180 km west of Bergen.

Beacon Offshore Energy has announced that several of its subsidiaries have taken final investment decision to develop the Winterfell discovery which is operated by BOE Exploration & Production and will be developed as a cost effective/low emissions subsea tieback.

According to Future Market Insights, the global digital oilfield solutions market is projected to attain a valuation of US$39.63 billion in 2023 and is expected to reach US$65.4 billion by 2033.

Valaris Limited has announced new contracts and contract extensions, with associated contract backlog of approximately US$1.14 billion, awarded subsequent to issuing the Company’s most recent fleet status report on November 1, 2023.

TotalEnergies has signed an agreement to acquire from Impact Oil and Gas Namibia Ltd an additional 10.5% participating interest in block 2913B and an additional 9.39% participating interest in block 2912, both operated by TotalEnergies in Namibia.

Azule Energy will use FieldTwin to develop and accelerate four of its projects in the region.

Wood has secured a contract from HD Hyundai Heavy Industries for detailed engineering of the topsides facilities on Woodside Energy's Trion Floating Production Unit (FPU) in Mexican waters of the Gulf of Mexico.

Petrofac has secured a three-year operations services contract from bp for its Greater Tortue Ahmeyim (GTA) project in Mauritania and Senegal.

Based on preliminary reporting from operating units, TGS expects IFRS revenues for 4Q 2023 to be approximately US$189 million, compared to US$219 million in 4Q 2022.