Oil & gas news

The MoU supports Saudi Aramco’s In-Kingdom Total Value Add programme, which applies to Saudi Aramco suppliers and drives the localisation of oilfield services and equipment value chain, to strengthen and diversify the Saudi economy.

BP has announced that it has more than doubled the total computing power of its Center for High-Performance Computing (CHPC) in Houston, making it the most powerful supercomputer in the world for commercial research.

Petrofac has been awarded a lump-sum contract worth approximately US$800 million by BP for the Phase 2 central processing facility (CPF) at the Khazzan Phase 2 (Ghazeer) gas development in the Sultanate of Oman.

Halliburton has announced the release of Geometrix™ 4D Shaped Cutters, a line of four distinct geometric profiles to help improve cutting efficiency and increase control to reduce drilling costs.

The multi-million dollar project includes the recently completed project management, fabrication and construction of approximately 60 miles of 12 in. and 8 in. pipeline for the gathering system.

Bibby Offshore, a leading subsea services provider to the oil and gas industry, has successfully completed a multi-million pound contract with Maersk Oil UK, providing both subsea structure and pipeline inspection support in the UKCS.

Vallourec has announced that after negotiations run with the US oil services company National Oilwell Varco (NOV), it has received a binding offer for the purchase of Vallourec Drilling Products business, for a total cash amount of US$63 million.

The scale of the project will require US$35 billion with the first phase costing US$6 billion representing a landmark agreement for Genoil.

ABB Ability™ enabled microgrid to support Woodside’s efforts to reduce carbon emissions and help optimise costs.

The recently drilled Mira 6 horizontal well, which ran inside the Castor coal seam for approximately 920 m and intersected the Mira 2 well at about the mid-point, came on-line and is producing water as planned.