Upstream news
NEO Energy announces acquisition of Zennor Petroleum
The Zennor portfolio adds approximately 40 million boe of reserves and more than 90 million boe of un-risked resource in the Central and Northern North Sea to NEO.
MODEC selects SUEZ technology for FPSO project in Brazil
MODEC will use SUEZ ultrafiltration and nanofiltration membranes to reduce seawater sulfate levels on the FPSO being constructed for the Bacalhau oilfield to required levels.
Cheiron Petroleum and Cairn Energy sign agreement to acquire Shell's onshore interests in Egypt
The package of assets consists of Shell Egypt’s interest in 13 onshore concessions in Egypt's Western Desert and the company’s share in Badr El-Din Petroleum Co. (BAPETCO).
Ancala Midstream awarded gas transportation and processing contracts by Lundin Energy Norway
The company will transport and process gas from the Solveig field, located in the Norwegian sector of the North Sea.
Archer and Asystom enter agreement for predictive maintenance technology
Asystom SAS has developed a solution for predictive maintenance for drilling facilities that uses machine learning with multi-sensors.
Maersk Drilling awarded one-well contract by Petrogas E&P Netherlands B.V.
Petrogas E&P Netherlands B.V. will employ the harsh-environment jack-up rig Maersk Resolute to perform well maintenance and drill a side-track of the A9 well at the P9 Horizon field in the Dutch North Sea.
Oil prices continue to gain on OPEC+ meeting aftermath
Oil prices continue to rise as the previous day’s OPEC+ meeting paved the way for stock draws and surprised the market.
Neptune Energy and EDF to use drone, aircraft and methane sensing technologies to measure offshore methane emissions
Drone, aircraft and methane sensing technologies will be deployed on the Neptune-operated Cygnus platform in the UK Southern North Sea to provide a close-up view of operations typical of a North Sea offshore facility, such as gas separation, drying and compression technology, and flaring and venting.
Rystad Energy: offshore project commitments count set for record in coming years
From the beginning of 2021 and up until the end of 2025, Rystad Energy’s exact forecast is for 592 commitments, with growth across all water depth levels.
SDX Energy secures 10-year extension to West Gharib Production Services Agreement
The extension, in which SDX has a 50% working interest, includes a commitment, irrespective of Brent price, to drill six development wells by 31 December 2022 and one water injection well.