Upstream news
Gold Standard signs ground-breaking partnership with Singapore on carbon credits
Singapore-based companies will be able to use eligible Gold Standard carbon credits to meet part of their carbon tax obligations in Singapore and provide a boost for international cooperation in the Paris Agreement era.
Intelligent Wellhead Systems joins Corva’s program to optimise completions, operational performance, and maximise well productivity
The new IWS SIMOPS app is now available on the Corva App Store. The app provides real-time visualisations of the frac tree and wellheads that improve wellsite operational and safety performance.
20% of UK’s gas consumption will soon be monitored by the B&K Vibro VC-8000 Setpoint system
Brüel & Kjær Vibro products have already been installed on 22 offshore platforms in the UK and Norwegian continental shelves since 1995, as well as many other platforms worldwide. The most recent in the UK continental shelf are the Lomond, North Everest and Armada platforms.
CGG, PGS and TGS announce Schlumberger is joining Versal
Versal is a unified, independent, secure, cloud-based multi-client seismic data ecosystem where energy companies can easily access all their data and entitlements in one place via a single log-in.
Neptune Energy and Horisont Energi to cooperate on Errai CCS project, Norway
Errai could store 4-8 million t of CO2 annually, with the potential to store more in later phases. The project includes an onshore terminal for intermediate storage, with the intention to permanently store the CO2 in an offshore reservoir.
Northern Lights and Yara sign the world’s first commercial agreement on cross border CO2 transportation and storage
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.
Offshore acreage for CCS and petroleum exploration boost decarbonisation and energy security efforts in Australia
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 wins trio of sensor contracts with Subsea 7 pipelay support vessels
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.
US oil and gas sector at risk of a cyber breach according to BreachBits study
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.
bp to sell interest in bp-Husky Toledo Refinery to Cenovus
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.