Upstream news

Markets respond to US ‘Liberation Day’ and recent OPEC+ meeting.

INEOS Energy has announced the completion of the acquisition of the US Gulf business held by CNOOC Energy Holdings USA. Inc., a US subsidiary of CNOOC International Limited (CNOOC).

bp Trinidad and Tobago (bpTT) has confirmed its Cypre development has safely delivered its first gas.

CNOOC Ltd has announced a major oilfield discovery of Huizhou 19-6 in the deep and ultra-deep plays of the South China Sea, which adds over a hundred million t of oil equivalent in-place.

NEO Energy has announced a strategic merger with Repsol Resources UK, creating a leading independent producer in the North Sea.

Christian Keon and Indu Moola, Nanoprecise Sci Corp., Canada, describe fuelling energy operations with AI-driven maintenance.

Izomax accelerates global growth with acquisition of IK Engineering and IK Group US Inc.

DNO ASA, the Norwegian oil and gas operator, has announced an important oil and gas discovery in Northern North Sea license PL1182 S in which the Company holds a 40% operated interest.

Aquaterra Energy, a leader in offshore engineering solutions, has secured a multi-million-dollar, multi-year contract with Intrepid Energy Limited (IEL) to deliver a bespoke subsea well intervention equipment package for a project in Nigeria. Aquaterra Energy’s turnkey well access package will enable IEL to conduct intervention operations across multiple mature oil wells in the region, supporting enhanced reservoir production.

According to the plan Island Innovator will permanently plug 15 to 20 wells annually for a total of nine licences.