Upstream news

Tullow Oil, Eco Atlantic and TOQAP will maintain control of the Orinduik Block licence offshore Guyana through to 13 January 2023 and until the second renewal period.

Oil prices kept their healthy levels on Friday as the market is realising that supply is getting tighter compared to the recovering demand, with the first indications evident on Saudi deliveries.

The acquisition comprises a controlling (60%) interest in the Q10-A offshore gas field together with interests in a suite of offshore exploration and production licences in the Dutch North Sea.

The partnership allows iMbokodo, a women-led company, to advance energy exploration throughout Southern Africa with a focus on empowering local community development alongside every upstream project.

The reductions in flaring follow increased focus by the UK's Oil and Gas Authority, which started benchmarking performance in 2020 and now also publishes data every month.

The combination brings together two companies with decades of experience in well construction, well flow management, subsea well access, well intervention and production services.

Under the terms of the agreement, ADNOC and Petronas will jointly explore opportunities for collaboration in the exploration, development, and production of conventional and unconventional hydrocarbon resources in the Emirate of Abu Dhabi.

Based in Houston, Texas, US, Neil McBride will be responsible for expanding FourPhase's global client base from the company's offices on Westheimer Road.

The company has completed a top-hole batch drilling campaign for five wells for Sabah Shell Petroleum Company’s Malikai Phase 2 Project.

The two full length strings of DualLink, a next generation wired drill pipe, are due to be manufactured in Norway, starting in 2021 for use on Nabors rigs in US land applications.