Upstream news

CNOOC Ltd has announced a major oilfield discovery of Huizhou 19-6 in the deep and ultra-deep plays of the South China Sea, which adds over a hundred million t of oil equivalent in-place.

NEO Energy has announced a strategic merger with Repsol Resources UK, creating a leading independent producer in the North Sea.

Christian Keon and Indu Moola, Nanoprecise Sci Corp., Canada, describe fuelling energy operations with AI-driven maintenance.

Izomax accelerates global growth with acquisition of IK Engineering and IK Group US Inc.

DNO ASA, the Norwegian oil and gas operator, has announced an important oil and gas discovery in Northern North Sea license PL1182 S in which the Company holds a 40% operated interest.

Aquaterra Energy, a leader in offshore engineering solutions, has secured a multi-million-dollar, multi-year contract with Intrepid Energy Limited (IEL) to deliver a bespoke subsea well intervention equipment package for a project in Nigeria. Aquaterra Energy’s turnkey well access package will enable IEL to conduct intervention operations across multiple mature oil wells in the region, supporting enhanced reservoir production.

According to the plan Island Innovator will permanently plug 15 to 20 wells annually for a total of nine licences.

The transaction, which is subject to the satisfaction of certain conditions including regulatory approval, will increase Ithaca Energy’s working interest in Seagull from 35% to 50%, equalling bp’s interest as the field operator.

bp has received final government ratification for its contract to invest in the redevelopment of several giant oilfields in Kirkuk, in the north of Iraq.

TechnipFMC has been awarded a major integrated Engineering, Procurement, Construction, and Installation contract by Shell for its Gato do Mato greenfield development offshore Brazil.