Upstream news

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.

The partnership will provide training and competence management solutions for Mozambique’s domestic onshore and offshore developments.

CGG has announced the sale of its US land seismic multi-client library to Bon Ton Seismic LLC.

The Aberdeen-based project and risk management consultancy company, has announced a one-year contract with Ithaca Energy for the use of its digital project management system.

The major oil plays within the L48 region include the Permian, Bakken, Eagle Ford and DJ basins. Together, they are expected to cumulatively produce around 7.5 million bpd of crude oil in 2022.