Upstream news

The combined company has assumed the Expro Group Holdings N.V. name and will begin trading on the New York Stock Exchange on 4 October 2021 under the ticker symbol “XPRO”.

The potential joint offer will include digital solutions developed by PGNiG as a part of the company’s 'Smart Field' programme.

More than 99% of Cabot shareholders and more than 90% of Cimarex shareholders were in favour of the merger.

The contract will be delivered by around 120 Wood employees across the offshore and onshore assets including the Clipper and Leman offshore assets, Bacton Gas Terminal, Kroonborg and Kasteelborg vessels and the Seafox4 barge campaign.

A report from Rystad Energy concludes that a surge in growth from Vaca Muerta is poised to lift Argentina’s country-wide oil production to the highest level in years, with the play’s competitiveness also rising against US basins.

Tracerco will deploy Discovery, a subsea CT scanner designed for external scanning of pipelines, for an unnamed operator.

The discovery well Kenli 10-2-4 was drilled and completed at a depth of 1520 m, and encountered oil pay zones with a total thickness of approximately 27 m.

The company continues to forecast that average production for the year is expected to remain within the range of 8500 - 10 500 bpd.

Lukoil has acquired a 25% participating interest in the Shallow Water Absheron Peninsula exploration project.

Appraisal drilling at Keskesi South-1 on Block 58 offshore Suriname encountered non-commercial quantities of hydrocarbons.