Upstream news
Production begins at Zinia Phase 2 project offshore Angola
Located in water depths from 600 to 1200 m and about 150 km from the Angolan coast, Zinia Phase 2 resources are estimated at 65 million barrels of oil.
GlobalData: carbon capture and storage dominated by oil giants with no room for smaller operators
According to GlobalData, smaller operators will need government intervention to incentivise carbon capture to promote investments, because these companies will have to expend relatively more resources to lower their emissions as compared to oil giants.
Sercel enters negotiations to acquire Low Impact Seismic Sources
Sercel and Low Impact Seismic Sources (LISS) have entered into exclusive negotiations for the acquisition of LISS by Sercel.
APICORP: MENA energy investments to exceed US$805 billion over next five years
Committed gas investments in MENA for the period 2021-2025 are expected to total US$75 billion – US$9.5 billion less than the previous outlook.
FutureOn awarded digital twin contract from Aker BP
Aker BP will adopt FutureOn’s digital twin software to digitise their workflows.
ANPG opens Congo, Kwanza blocks in ongoing bid round
Angola’s National Oil, Gas and Biofuel’s Agency has officially opened blocks for licensing in the Onshore Lower Congo Basin and the Onshore Kwanza Basin.
NEO Energy publishes Low Carbon Transition Plan
NEO will seek to reduce the carbon intensity per barrel of oil equivalent produced by its portfolio by 50% by 2030.
BHP begins producing oil from Trinidad and Tobago project
At completion, Ruby is expected to have the capacity to produce up to 16 000 gross bpd of oil and 80 million gross standard ft3/d of natural gas.
Petrobras to contract new FPSO for Búzios field
The platform will be the ninth unit to operate in the field, in the Santos Basin pre-salt.
Vår Energi awards DNV inspection services contract
The contract will cover inspection services to Vår Energi’s full portfolio of assets on the Norwegian Continental Shelf.