Upstream news

EIA reported that 2Q24 financial results for 34 E&P companies suggest increasing well productivity is helping these companies reduce production costs on a per bbl basis and freeing up cash for other uses such as dividends and share repurchases.

TotalEnergies has announced that it has finalised the acquisition of the interests of OMV (50%) and Sapura Upstream Assets (50%) in SapuraOMV Upstream, an independent gas producer in Malaysia.

The well has reached Target Depth (TD) and the Company has run 5.5 in. production casing in anticipation of long-term testing commencing early 2025.

Sound Energy gas announced the completion of the sale of the share capital of Sound Energy Morocco East Ltd.

The Sirius-2 well lies inside the area of the maritime block GUA-OFF-0, 77 km off Santa Marta at a water depth of 803 m.

Signature of the LOI enables the Company to progress regulatory approvals for the use of the jack-up rig in Timor-Leste, including the preparation of the required drilling safety case and other campaign specific documentation, in compliance with applicable law in Timor-Leste.

Jadestone Energy has announced that the Akatara gas development has successfully completed its formal EPCI contract performance test.

Halliburton Company has announced it has introduced the Intelli suite of diagnostic well intervention wireline logging services.

CNX Resources Corporation has announced that it has entered into a definitive agreement to acquire the natural gas upstream and associated midstream business of Apex Energy II, LLC.

McDermott has been awarded a front-end engineering design (FEED) contract by Repsol Exploración México S.A. for the Polok and Chinwol field development project in the Gulf of Mexico.