Upstream news

ADNOC has announced the award of contracts valued at AED720 million ($196.2 million) for local manufacturing of a wide range of products across its value chain. The announcement was made at ADNOC’s Business Partnership Forum which was held on the sidelines of ADIPEC.

Pantheon Resources plc, an oil and gas company developing the Kodiak and Ahpun oil fields in close proximity to pipeline and transportation infrastructure on Alaska's North Slope, has announced the spudding of the Megrez-1 well to explore the eastern topsets in the Ahpun field, immediately adjacent to pipeline and road infrastructure.

Equinor has signed an agreement to acquire Sval Energi’s 11.8% share in the Halten East Unit. With this acquisition, Equinor increases its ownership to 69.5%.

The project is slated to begin in 4Q24, where Weatherford is expected to deploy multiple intervention solutions, advancing the operational efficiency and reliability of ADNOC’s onshore assets.

Petrofac has been awarded a multi-million-dollar, two-year contract by Bapco Upstream W.L.L. to further enhance its production in Bahrain.

Patrick Hayes, Tracerco, USA, presents two case studies demonstrating how tracer technologies are enabling optimised investments and de-risked development through the provision of accurate and actionable data for informed decision making.

Victory for Donald Trump in the US election is unlikely to alter the structural tipping points in oil markets for 2025.

Gran Tierra has announced its sixth consecutive Ecuador oil discovery from the Charapa-B7 well and that it has achieved cumulative production of over 1 million bbls of oil in Ecuador.

Shearwater has been awarded a large 3D seismic survey by PETRONAS in Suriname.

The partnership aims to enhance drilling efficiency in the oil and gas industry through the application of AI-driven Bottom Hole Assembly (BHA) optimisation, specifically focusing on roller reamer placement.