Oil & gas news
ExxonMobil announces merger with Pioneer Natural Resources in an all-stock transaction
The merger combines Pioneer’s more than 850 000 net acres in the Midland Basin with ExxonMobil’s 570 000 net acres in the Delaware and Midland Basins. Together, the companies will have an estimated 16 billion boe resource in the Permian.
Coretrax has successfully deployed its 1,000th CX-2 bridge plug during a project in the North Sea
Depositing cement into a well is key to placing effective environmental barriers as this prevents pollution at the surface and prohibits the emission of harmful methane gasses. This assists the oil and gas market to incorporate more environmentally responsible practices.
Vitesse has acquired additional oil and gas interests in the Williston Basin of North Dakota
Vitesse has acquired additional oil and gas interests in the Williston Basin of North Dakota that will result in approximately US$50 million of acquisition and related development capital expenditures, primarily in the 3Q/4Q23.
Aker BP to use DeepOcean-operated unmanned surface vessel
Aker BP have agreed to pioneer the use of an unmanned surface vessel (USV) for subsea inspection, maintenance and repair (IMR) and survey work.
Vår Energi agrees to sell 12.25% stake in Brage field to Petrolia
Vår Energi has reached an agreement with Petrolia NOCO (Petrolia) to sell its 12.25% stake in the Brage field on the Norwegian Continental Shelf.
World oil outlook 2023 sees global oil demand at 116 mb/d in 2045
The WOO offers a detailed review and assessment of the medium- and long-term prospects for the global oil and energy to 2045.
Turan Drilling & Engineering awarded US$300 million offshore drilling contract extension in Azerbaijan
Turan Drilling & Engineering, a KCA Deutag and SOCAR AQS Company, has secured a contract extension, with a value of US$300 million, for the provision of offshore drilling operations and maintenance services in Azerbaijan.
ABB and ODS partnership to enable custody transfer
ABB has announced a partnership with ODS Metering Systems, an independent manufacturer of custody transfer flow measurement solutions, that will see ABB’s Flow-X computers support an increasing number of oil and gas customers with an automation platform for custody transfer.
Jadestone Energy’s Akatara project reaches 70% completion
The Akatara development project is now 70% complete, delivering on the end-September 2023 progress target of 65%. Long-lead time items continue to arrive at site on schedule and the project remains on track for commissioning in 1Q24 and first gas before mid 2024.
Saipem awarded new contract by ADNOC in the United Arab Emirates worth around US$4.1 billion
Saipem, in consortium with National Petroleum Construction Company (NPCC), has signed today a letter of award with ADNOC for a new contract related to the Hail and Ghasha development project.