Oil & gas news

The drilling of the Mayaya Centro-X1 IE well (stratigraphic investigation), located in the north of the department of La Paz, shows signs of a new oil basin in the northern sub-Andean region, says President of YPFB.

The bureau of ocean energy management (BOEM) will publish its updated final notice of sale (FNOS) for Gulf of Mexico Oil and gas lease sale 261 in the Federal Register.

The company has introduced a self-installed continuous methane monitoring system that uses IoT-enabled sensors to detect, locate and quantify emissions across oil and gas operations.

The company has also signed an agreement to sell to Suncor the entirety of the shares of TotalEnergies EP Canada Ltd., comprising its participation in the Fort Hills oil sands asset and associated midstream commitments.

QatarEnergy has been awarded a new exploration block offshore the Arab Republic of Egypt as part of the 2022 EGAS International bid round.

The company has awarded a US$615 million (AED 2.26 billion) engineering, procurement and construction (EPC) contract to Petrofac Emirates for constructing carbon capture units, pipeline infrastructure and a network of wells for carbon dioxide injection at the Habshan gas processing plant.

Expro has announced it has completed its previously announced acquisition of offshore services provider PRT Offshore.

Petrofac has been awarded a three-year contract extension in support of Repsol Sinopec Resources UK’s North Sea operations worth more than US$100 million.

Preliminary estimates indicate a total structure discovered volume of 5 trillion ft3 of gas in place with a content of condensate estimated up to 400 milion bbl.

The company forecasts that even in scenarios of 1.9 – 2.5°C warming, with rapid growth in renewable energy sources, the current set of existing gas fields will not meet global demand, requiring rapid growth in unconventional gas supply.