Upstream news

Drilling of the Hibiscus Extension appraisal well in the Dussafu Marin offshore licence in Gabon encountered water rather than hydrocarbons.

The acquisition will add 1 billion ft3/d equivalent of gas production to EQT Corp's current net production.

The IC and IP software’s new capabilities are prompted by the increasing need to capture and utilise data across the entire lifecycle of wells and fields.

The company will invest a seven-figure sum into its operations and establish new support hubs in Houston, Dubai, Singapore, Perth and the Caspian over the next six months.

The company is making design and location arrangements for the first exploration well, which will ascertain the production potential of the licence in Ras Al Khaimah Emirate where PGNiG operates.

Eriell Group and Uzbekneftegaz JSC have put into commercial operation seven new gas wells in the Kashkadarya and Bukhara regions, as well as in the Republic of Karakalpakstan.

COSL will be the exclusive provider of semi-submersible drilling rigs for OKEA’s Norwegian Continental Shelf operations.

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.

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 and Low Impact Seismic Sources (LISS) have entered into exclusive negotiations for the acquisition of LISS by Sercel.