Upstream news
Equinor and Rosneft to cooperate on carbon management
Equinor and Rosneft will work to develop low carbon solutions and reduce the carbon footprint from joint projects.
TGS and PGS complete seismic acquisition season offshore Canada
The newly acquired data provides 3D data coverage to complement the existing 2D grid, enhancing geological and geophysical insights to explorers offshore Newfoundland.
GlobalData: oil-producing countries could lose up to US$82 billion a year due to global gas flaring
Some of the biggest gas flarers, accounting for over 87% of all flared gas in 2020, were Algeria, Angola, Indonesia, Iran, Iraq, Libya, Nigeria, Malaysia, Mexico, Russia, the US and Venezuela.
Parker Wellbore launches with plans for expansion into new markets
The company is aiming to expand into new markets, geographies, and sectors to provide advanced subsurface wellbore construction solutions.
SPE paper shows drilling the rig on a simulator boosts human performance
A Petronas project and resulting SPE paper shows how combining human factors training with technical training can significantly improve the performance of drilling crews and reduce human error.
Sercel awarded seismic equipment contract in North Africa
Sercel will supply land seismic equipment for a 3D mega-crew survey in North Africa.
BP starts production from Thunder Horse South expansion project
The Phase 2 project is expected to increase output at one of the largest fields in the Gulf of Mexico, with peak annual average gross production of 25 000 boe/d from the initial two well tieback.
Gardner Denver High Pressure Solutions becomes GD Energy Products
Larry Kerr has been appointed CEO of GD Energy Products.
Jadestone Energy's Montara H6 well brought onstream
The well, offshore Australia, delivered an initial rate, after clean-up, approaching 10 000 bpd and following a period of well performance testing will be stabilised at around 3000 bpd.
GlobalData: US Lower 48 production is set to exceed pre-pandemic levels
The biggest growth is expected to happen in the Permian Basin, where crude oil and condensate supply is projected to increase by almost 0.90 million bpd from 4.5 million bpd in 2021 to 5.4 million bpd by 2030.