Upstream news

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.

Touchstone Exploration Inc. has announced initial production from the Cascadura C well pad.

Macy Ayala and Irwan Yunus, Champion X, discuss how, as the oil and gas industry continues to face increasing costs and sustainability requirements, new methodologies and technologies that support more efficient production are required. This is particularly true within the hydraulic fracturing (fracking) industry, which is continuing to grow globally.

According to the EIA, natural gas comprised 40% of total production from the Bakken, the Eagle Ford, and the Permian compared with 29% in 2014.

Linde Engineering has signed an agreement with NEXTCHEM to provide carbon capture technology to Abu Dhabi National Oil Company’s (ADNOC) Hail and Ghasha project.

Panoro Energy ASA has announced that following the provisional award of a 25% participating interest in exploration blocks Niosi Marin (previously G12-13) and Guduma Marin (previously H12-13) offshore shallow water Gabon, final terms have been agreed with the Government of Gabon and the Company has signed Production Sharing Contracts covering the two blocks