Upstream news

American oilfield services and equipment sector employment rose by an estimated 23 015 jobs in March, according to a report compiled by the Bureau of Labor Statistics and the Energy Workforce & Technology Council.

The discovery in Block 15/06 is estimated between 200 and 250 million barrels of oil in place.

A new integrated facilities services contract will see Wood focus on supporting TAQA’s operations across the Cormorant Alpha, North Cormorant, Eider Alpha, Harding, Tern Alpha, Brae Alpha, and East Brae assets.

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.