Upstream news
Wednesday 6 November: Rystad Energy’s oil market update
Victory for Donald Trump in the US election is unlikely to alter the structural tipping points in oil markets for 2025.
Gran Tierra Energy Inc. announces Ecuador oil discovery from Charapa-B7 well
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 awarded large 3D frontier exploration survey in Suriname
Shearwater has been awarded a large 3D seismic survey by PETRONAS in Suriname.
Enovate AI announces partnership with SGS to for AI-optimised roller reamer placement
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.
ADNOC Drilling and Alpha Dhabi’s joint venture Enersol to acquire Deep Well Services
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 announces completion of sale of Alaska upstream assets to Hilcorp
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 announces initial production from Cascadura C
Touchstone Exploration Inc. has announced initial production from the Cascadura C well pad.
Improving well integrity and oilfield efficiencies through biocide deployment in the Permian Basin
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.
EIA: Share of natural gas production in US tight oil plays increased over the last decade
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 selected by NEXTCHEM to supply new carbon capture technology to ADNOC’S Hail and Ghasha project
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.