Upstream news

Oil prices continue to rise as the previous day’s OPEC+ meeting paved the way for stock draws and surprised the market.

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.

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.

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.

With International Women’s Day approaching, Janette Marx, CEO at Airswift, has commented on the progress the energy sector has made on diversity.

Intoware will deploy its digital software platform, WorkfloPlus, to help improve Shell’s operational efficiencies through industrial connected working.

The approximately two-month survey is expected to commence in 3Q21 covering an estimated 2700 km2.

Just under NOK1.4 billion will be invested to further develop the field and implement the Åsgard B low-pressure project.

The company will be owned 50-50 by Baker Hughes and Akastor and will be managed from current offices in Houston, Texas, US, and Kristiansand, Norway.

Workstrings was called upon to supply the CTM26 drill pipe as an alternative to coiled tubing in the multi-phase project to decommission approximately 29 000 ft of 10 in. x 6 in. insulated pipeline in the Gulf of Mexico.