Upstream news

The valve is designed to create an improved well control solution for cable deployed electric submersible pumps retrofitted to production wells.

The ideas proposed by the British government to replace the so-called Irish backstop are likely to be rejected by the European Union, said Adam Johnson, director of Tudor International Freight.

Services to be provided will include data acquisition utilising remote operated vehicle (ROV)-deployed autonomous nodal recording technology in water depths up to 60 m.

Santos will operate the new permit, WA-541-P, in the Northern Carnarvon Basin which lies to the west of the recent Dorado, Roc and Phoenix South hydrocarbon discoveries in the Bedout Sub-basin.

The well was delivered to ADNOC Drilling’s client, ADNOC Offshore – also a subsidiary of ADNOC.

The contract is the largest in Global E&C's history.

The Balder X Project will extend the life of the Jotun A FPSO towards 2045 through refurbishing it and relocating it to the Balder licence PL 001, the first production license on the Norwegian continental shelf.

Rystad Energy said that it expects further acreage restructuring and M&A activity in the industry, but emphasises that many operators have managed to combine production growth with balanced spending and debt reductions.

The methodology aims to bring a level playing field to the sector’s varying technical definitions of, and expectations towards digital twins.

Vår Energi will become the second largest E&P company on the Norwegian Continental Shelf after Equinor, with total reserves and resources of about 1900 million boe.