Upstream news

bp has announced that it has been awarded the NCMA 2 block offshore Trinidad as part of the Shallow Water 2023/24 bid round that closed in May 2024.

Cameron Devers, Tyler Abla, and Gage Russell, Taurex Drill Bits, USA, delve into the use of computer vision for PDC cutter damage classification, demonstrating how advanced image analysis is transforming the field.

ExxonMobil Exploration & Production Suriname B.V. has formally notified Suriname’s national energy company, Staatsolie, that it will withdraw from Block 52 in the Surinamese offshore area effective 14 November 2024.

DUG Technology has announced a new partnership with PetroVision aimed at promoting and delivering specialised seismic data processing solutions in Nigeria.

The acquisition increases LandBridge holdings to roughly 272 000 surface acres.

TotalEnergies and Oil India Limited (OIL) have signed a Cooperation Agreement to carry out methane emissions detection and measurement campaigns using TotalEnergies’ pioneer AUSEA technology at OIL sites in India.

The technology will debut at the SPE/ICoTA 30th European Well Intervention Conference, supporting the event’s “Empowering Tomorrow” theme.

The EIA has reported that monthly average natural gas spot prices at northwestern US and western Canada border pricing hubs reached historic lows in 2024 through October, according to data from Natural Gas Intelligence. Robust natural gas production in western Canada, where output has generally increased over the last two years, and high natural gas inventories in the region contributed to the low prices.

International energy transition specialists Well-Safe Solutions have been awarded two new contracts totalling US$25 million for approximately 170 days of firm work, using the Well-Safe Protector jack-up and Well-Safe Defender semi-submersible.

Equinor has awarded a two-year firm contract to Northern Ocean Wind AS to employ the mobile rig Deepsea Bollsta on the Norwegian continental shelf.