Upstream news

The companies have agreed on the main commercial terms to transport CO2 captured from Yara Sluiskil, an ammonia and fertiliser plant in the Netherlands, and permanently store it under the seabed off the coast of Norway.

Australia’s oil and gas industry says new offshore acreage to explore for carbon capture and storage opportunities as well as areas for petroleum exploration will support efforts to lower emissions and ensure continued energy security.

Miros Group has secured a trio of three-year agreements with Subsea 7 to install its IoT dry-sensor WaveSystem. Each contract comprises a three-year period plus a subsequent one-year option. The contracts are due to commence between Q1 and Q3 2022.

The study ranked 59% of companies at Medium Risk for a cyber breach, 13% at Low Risk and 28% at Very Low Risk. It also revealed 94% of all ransomware threats were held by only 51% of companies.

Cenovus will pay US$300 million for bp’s stake in the refinery, plus the value of inventory, and take over operations when the transaction closes, which is expected to occur later in 2022. bp and Cenovus will also enter into a multi-year product supply agreement.

The C-Level is an ROV or diver deployed digital level that may be used to measure and display the inclination angle of underwater structures or mooring lines.

This is the first unit Logan has delivered with a removable drum, which means the unit footprint can remain static on the vessel while the drums can be taken to a shore base for unspooling and respooling.

Neptune Energy has announced the award of a £10 million three-year vessel services contract to Sentinel Marine, to provide offshore support for its operated Cygnus gas field in the UK southern North Sea.

CGG, a global technology and HPC leader, has announced a major multi-year global data transformation and curation agreement with bp, that will play a key role in supporting bp’s subsurface digital strategy.

The expected recoverable gross reserves from the field are estimated at 90 million boe, of which the majority will be oil, an amount which will help support Europe’s energy supply.