Upstream news

The transaction, which is subject to the satisfaction of certain conditions including regulatory approval, will increase Ithaca Energy’s working interest in Seagull from 35% to 50%, equalling bp’s interest as the field operator.

bp has received final government ratification for its contract to invest in the redevelopment of several giant oilfields in Kirkuk, in the north of Iraq.

TechnipFMC has been awarded a major integrated Engineering, Procurement, Construction, and Installation contract by Shell for its Gato do Mato greenfield development offshore Brazil.

The acquisition is proposed through a consortium, with Horizon to acquire 75% of the shares in Exxon Mobil Exploration and Production Khorat Inc. with Matahio Energy acquiring the residual 25% and agreeing to manage EMEPKI employees and operatorship of the Nam Phong field on behalf of the consortium.

Enteq Technologies, the specialist energy services engineering and technology company, has successfully completed its latest round of trials for The SABER Tool, its Rotary Steerable System (RSS) technology, at Catoosa Test Facility. This phase validated engineering improvements made following previous testing.

Jeff Forsyth Jan Frieling and Fraser Smith, StimStixx, Canada, explore working with in-situ acid generation for oil and gas with opportunities in carbon capture and geothermal well stimulation.

Petrobras informs that it has identified the presence of hydrocarbons in the Campos Basin pre-salt, in an exploratory well of Norte de Brava block.

Baker Hughes awarded first technology agreement with Petrobras to develop stress corrosion cracking solution.

EIA forecasts that Alaskan crude oil production will grow in 2026, for the first time since 2017.

Vijay Desiraju, Celonis, explains why process intelligence can help capture value in the upstream industry.