Upstream news
Repsol sells Vietnam and Malaysia E&P assets to Hibiscus Petroleum
The transaction follows Repsol's sale of producing assets in Russia, the cessation of oil production activities in Spain and the exit from exploratory activity in other countries.
Sercel launches shallow water nodal seismic system
GPR300 is specially designed for deployment in shallow waters down to depths of 300 m.
Neptune Energy digitises North Sea platforms
‘Digital twins’ have been created for the K9-A, L5-D and F3-B platforms in the Netherlands, Gjøa in Norway, and Cygnus in the UK Southern North Sea.
PGS and ION complete Egypt survey for Shell
The two companies have completed a survey offshore Egypt on behalf of Shell.
Hasselmus gas discovery to be developed
Hasselmus will be the first tie-back to the Draugen production platform in the Norwegian Sea and will add in excess of 4000 boe/d to the production.
Petronas awards Limbayong SURF contract to TechnipFMC
Limbayong is an oil and non-associated gas field located 120 km offshore Sabah, Malaysia, in water depths of between 900 and 1200 m.
Bacalhau field development given go-ahead
The development will consist of 19 subsea wells tied back to a FPSO located at the Bacalhau field in the Brazilian pre-salt.
Aberdeen & Grampian Chamber of Commerce survey finds UK oil and gas industry positioning itself for low carbon future
75% of contractors anticipate moving into renewables work over the coming three to five-year period, the highest level recorded since the question was first asked in 2015.
Dutch court orders Shell to cut carbon emissions by 45% by 2030
Shell currently has a target to reduce the carbon intensity of its products by at least 6% by 2023, by 20% by 2030, by 45% by 2035 and by 100% by 2050 compared with 2016 levels.
Equinor contracts third Odfjell rig for North Sea drilling
The Deepsea Stavanger mobile rig is scheduled to drill three exploration wells from February 2022.