Oil & gas news

Floating production storage and offloading (FPSO) units are on the upward trend in the oil and gas industry because of their flexibility to meet changing demands in an unpredictable market.

RWE and Equinor have signed a new supply contract for between 10 and 15 TWh of natural gas per year from now until 2028.

The company has launched a programme for operators and integrated service providers beginning to plan their well abandonment operations.

TGS, in partnership with SLB and Petrobangla, completed the first phase of a 2D seismic acquisition programme in April 2023.

The floating production vessel, Almirante Barroso, which operates in the Búzios field, in the pre-salt layer of the Santos Basin, reached full production (150 thousand bpd) on 24 October.

Pursuant to a share purchase agreement entered into between Chame Energy Corporation and the company, Chame has agreed to purchase all of the issued and outstanding shares of Renaissance Oil Corp.

Aker BP has announced that production has started from Kobra East and Gekko (KEG) in the Alvheim area. KEG is operated by Aker BP, with ConocoPhillips Skandinavia AS as partner.

Australia’s oil and gas industry has called for the Commonwealth to fix the offshore regulatory system after the logjam of energy supply and carbon capture projects awaiting approval was exposed.

The company will deploy its ReLineMNS and ReLineHYD expandable casing patches to effectively isolate trouble zones and increase recovery on the operator’s existing wells.

With the launch of the sampling service centre in KSB, Malaysian clients can now access and procure Proserv’s solutions locally, bringing time savings and alleviating logistical complexities.