Upstream news

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.

The agreement has been signed to acquire 95% equity stake in Deep Well Services for US$223 million, in support of Enersol’s growth plans.

Eni has announced that it has achieved the closing for the sale to Hilcorp of 100% of the Nikaitchuq and Oooguruk assets owned in Alaska for a value of US$1 billion.