Upstream news

Bernard Looney, CEO, said the reaching of the target was the result of "earlier than anticipated delivery of disposal proceeds combined with very strong business performance during the first quarter."

The company's multi-year, multi-well drilling campaign offshore Ghana has began with the commencement of drilling of the first well at the Jubilee Field.

Qatar Petroleum will hold a 45% participating interest in the PEL 39 exploration license pertaining to Block 2913A and Block 2914B, while Shell (the operator) will hold a 45% interest, and the National Petroleum Corporation of Namibia (NAMCOR) will hold the remaining 10% interest.

The latest version of the map browser is the result of a year-long process of data conditioning and geological interpretation to supply customers with the most up-to-date and comprehensive interpreted well and map data suite available for the region.

The agreement will increase Neptune’s existing interests in the Adorf, Apeldorn and Ringe gas fields and in the Adorf-Scheerhorn, Georgsdorf and Ringe oilfields.

‘Subsea Live’ will explore how the subsea supply chain can capitalise on the opportunities presented by the energy transition and the blue economy.

In return for its 50% interest, Advance Energy will fund the Buffalo-10 well offshore East Timor on a free carried basis up to a cap of US$20 million.

The company delivered real-time control of fracture placement while pumping on a multi-well pad using its SmartFleet intelligent fracturing system in the Permian Basin, US.

Deltic estimates that the Pensacola Prospect contains gross P50 Prospective Resources of 309 billion ft3 (with a P90-P10 range of 39 billion ft3 to 1181 billion ft3).

The MoU will collaborate on capacity building initiatives and standardisation to enhance safety, environmental protection and sustainability in African countries producing natural gas and oil.