Upstream news

Halliburton will maintain and expand digital solutions for Kuwait Oil Company's North Kuwait asset.

The Netherlands’ headquartered business will supply two, 150 m-long TCP Jumpers for an offshore project in deepwater Sabah.

TMC Compressors has been contracted to supply the marine compressed air system to the Bacalhau FPSO that is being built for Equinor.

The company has reported a net annual loss of US$22.4 billion for 2020, on the write down and losses in oil production and refining, compared with a full-year profit of US$14.34 billion in 2019.

The Perfecta rock charge is designed to improve well stimulation and productivity, and prolong the lifespan of conventional wells.

ExxonMobil Low Carbon Solutions will initially focus on carbon capture and storage, and is advancing plans for more than 20 new carbon capture and storage opportunities around the world.

The sale, for an enterprise value of US$405 million, was first announced on 5 October 2020.

For 4Q20, BP reported a profit of US$115 million.

C-Innovation will supply and complete all project management and engineering to provide a complete RLWI system utilising technology from Baker Hughes, Caltex Oil Tools and Halliburton.

Block 61, covering around 3950 km2 in central Oman, contains the largest tight gas development in the Middle East.