Upstream news

Strategic agreements announced during UAE-US business dialogue with President Trump will potentially enable US$60 billion of US investments in UAE energy projects.

The breakthrough will boost the gas reserves and production efficiency in the Puguang area as well as contribute to the development of ultra-deep shale gas in the Sichuan Basin.

These exploration wells are the first to be completed entirely from in-country infrastructure through Halliburton’s newly established operational bases in Walvis Bay, Swakopmund, and Lüderitz.

The launch and naming of ‘Carbon Destroyer 1’ marks a major breakthrough for Project Greensand and carbon capture and storage across the EU.

Merakes East is located in a water depth of 1600 m, approximately 10 km east of the Merakes Field. It is tied back via a subsea connection to the Jangkrik Floating Production Unit (FPU) operated by Eni, situated around 50 km away.

Aramco has announced the signing of 34 Memoranda of Understanding (MoUs) and agreements, with a potential total value of approximately US$90 billion, with major US companies, through its Aramco Group Companies.

McDermott is delivering design, fabrication, integration, transportation and installation of an approximately 30 000 t topside and 37 000 t hull structure, making it the largest floating production facility the company has ever designed and built, and one of the largest semi-submersible production platforms built in offshore history.

Petrobras has announced that it has identified the presence of high-quality oil with no contaminants in the pre-salt of Santos Basin, in an exploratory well in Aram block.

Drilling waste management specialist, TWMA, has been awarded a contract with bp to provide drilling waste management services in the UK North Sea. TWMA says this agreement reinforces its position as a trusted provider of innovative solutions to the global energy industry.

Whiptail Midstream says its oil and gas gathering systems in the San Juan Basin played a role in supporting the growth of its producer customers in the Gallup oil play, and MPLX’s ownership will allow for continued investment and growth of the system as activity continues.