Upstream news

The survey area covers a mature part of the North Sea that includes the Sleipner East, Sleipner West, Gina Krog, Volve and Utgard fields.

EnQuest and Equinor sanctioned for exceeding flaring permits while Spirit Energy was fined for breaching production limits.

Planning and engineering work will begin in December 2022, with decommissioning activity commencing in 2023 and expected to continue until 2025.

The transaction cements strong bilateral ties between the UAE and Austria, creating long-term value for all stakeholders.

Rudranil Roy Sharma, Director, Energy & Environment Practice, Frost & Sullivan writes an overview of the current Oil & Gas sector in the MENA Region.

The Zeus-1 well encountered 105 meters of net gas pay in carbonate reservoirs that re-enforces the promising outlook for the area and its development.

The company has been chosen to supply the automation and Integrated Control and Safety Systems (ICSS) systems for P-79, an FPSO vessel in the Petrobras fleet.

The preferred share investment consists of an initial subscription of US$10 million, with up to a further US$15 million in future tranches of preferred shares subject to the continued growth and success of IWS.

TotalEnergies, and its co-venturers QatarEnergy and Petronas Petróleo Brasil have won the Agua Marinha block in the Open Acreage under Production Sharing Regime.

The move will improve communication and automation in workload distribution and increase the transparency of project-related risks and costs for the management team and wider stakeholders.