Upstream news

The company has made a natural gas discovery offshore Cyprus in the Eastern Mediterranean at the Glaucus-1 well.

Under the terms of the agreement, i-Tech Services will provide a Life of Field support vessel complete with work class and observation class ROVs, capable of performing inspection, survey, intervention, light subsea construction and emergency response services.

The survey reveals digital transformation is fuelling operational excellence (OE), but many companies are still trying to figure out what digital means for them

In this role, Kuhrt will be responsible for leading the global human resources team, with an emphasis on employee engagement and development, diversity and inclusion, and enhancing HR systems and processes.

Glaucus is a giant,” Robert Morris, senior research analyst, Europe upstream, at global natural resources consultancy Wood Mackenzie, said. “It will be one of the biggest discoveries of the year.”

This award is a continuation to the FEED (front end engineering design) contract awarded in April 2018.

The ProTension™ STT is ideally suited for oil wells that will eventually require artificial lift.

The company has announced that approval has been given by the Kurdistan Regional Government regarding the acquisition of stakes from Chevron in the Sarta and Qara Dagh blocks, in the Kurdistan Region of Iraq.

This will complete the sale of Weatherford's land drilling operations in Algeria to ADES International Holding PLC.

The drilling programme includes the development of the Luno II field and the Rolvsnes discovery in the Norwegian North Sea, with contract commencement expected in Q2 2020.