Upstream news

The GGIP aims to sustainably develop Iraq’s natural resources to improve the country’s electricity supply while contributing to its energy independence and reducing its greenhouse gas (GHG) emissions.

The project is located in the western Pearl River Mouth Basin, with an average water depth of approximately 150 m.

Egypt has entered into four oil and gas exploration agreements with international companies valued at more than $340 million (E£16.52 billion), aiming to bolster domestic production in the face of growing energy demand.

The permits were awarded following the 2024 Exploration Round organised by the Nigerian Upstream Petroleum Regulatory Commission.

Oil and gas exploration and production company Indonesia Energy Corp. (IEC) has entered into a memorandum of understanding (MoU) with Brazil's Aguila Energia e Participações (AEP) to explore potential energy opportunities in Brazil.

The vessel will be used during the Pre-Operational Assessment (APO), scheduled to begin on 24 August.

Surmont, a steam-assisted gravity drainage (SAGD) facility located about 55 km south of Fort McMurray, Alberta, is currently configured to produce Surmont Heavy Dilbit, which is bitumen diluted with condensate.

Aker BP, together with NOV and Nymo, have celebrated an important milestone in the Valhall PWP project: the completion of equipment installation on the 1000 t MEG module being built at Nymo’s yard in Grimstad.

This marks the birth of the first shale oil field in the Sichuan Basin, as well as the first oil field in Chongqing.

The Yellowtail Project is located in the Stabroek Block offshore Guyana, with water depth of 1600 - 2000 m.