Oil rig news
Oil discovered near the Brage field in the North Sea
Recoverable oil was proven in connection with drilling well 31/4-A 13 E in the northern part of the North Sea. OKEA ASA is the operator.
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.
Arena Energy awarded seven blocks on Gulf of Mexico Shelf
Arena Energy, LLC, has announced it was awarded seven leases by the Bureau of Ocean Energy Management (BOEM) in Lease Sale 259 .
Equinor shares Johan Castberg project update
The Johan Castberg partnership, consisting of Equinor, Vår Energi and Petoro, is updating the project cost estimate. The investment estimate has increased by almost NOK 13 billion since last year.
DNO make a discovery in the Norwegian North Sea
DNO has announced a gas condensate discovery on the Norma prospect in the Norwegian North Sea license PL984 in which the Company holds a 30 percent operated interest.
Orcadian enter agreement to develop one of largest undeveloped discoveries in the central North Sea
Orcadian has entered into a non-binding Heads of Agreement (HoA) with a North Sea operator (the Operator), which details a potential farm-out of the Pilot development project.
OPEC has made a statement on peak fossil fuel demand
OPEC has noted, on the International Energy Agency’s recent Op-Ed published, asserting that fossil fuel demand would peak before 2030, that consistent and data-based forecasts do not support this assertion.
Wood delivers an AI maintenance solution for UK operators
Wood has secured contract wins with major UK operators for its digital maintenance optimisation solution, maintAI.
Archer extends Horizon56 partnership across 12 platform rigs
Horizon56, has strengthened its partnership with Archer, with a deal to digitalise a further nine rigs within Archer’s operations.
Shenzi North project has commenced production in the Gulf of Mexico.
The Woodside-operated Shenzi North project has commenced production in the deepwater US Gulf of Mexico, with achieved production ahead of targeted first oil in 2024.