Upstream news

The agreement will enable co-manufacture of wireline downhole technology.

In the fast-moving onshore drilling industry, operators are constantly looking for ways to mitigate risks and extend laterals while reducing costs.

A report published by industry body OGUK has outlined how the target will be achieved through changes to operations, progressive reductions in flaring and venting, and major capital investment programmes aimed at using electricity rather than gas, to power offshore facilities.

Oil prices are enjoying some stability now, after pricing in fears of a new pandemic wave and the OPEC+ cuts agreement.

The backlog, which will likely increase in June, is equivalent to about two years of fraccing at the current pace, according to Rystad.

The company has said that is expecting the potential award of a marginal field to happen within 6 months of submitting a bid.

The West Newton project in East Yorkshire, UK, has been given an AA rating for carbon intensity for its potential upstream crude oil production.

The disconnectable turret was integrated into an FSO in Shenzhen, China, and was successfully connected to the existing Lufeng 13-2 Field Moorings in the South China Sea.

The two-year agreement will be focussed in Azerbaijan, and is an exclusive agreement between the two companies.

Strike Energy and Warrego Energy, the operators of the West Erregulla gas field in Western Australia, have entered a long-term contract with Ensign Energy Services for the provision of drilling services with the Ensign 970 drilling rig.