Upstream news

VES will combine its global manufacturing infrastructure with Sledgehammer’s supply chain efficiency to create a consolidated major producer of consumable downhole oilfield products across the Middle East, Asia and European markets.

The highest ESG score overall goes to Chevron, followed by SM Energy in second, while Ovintiv and ConocoPhillips shared third place.

The Valaris DS-17 drillship has been tasked to drill an appraisal well, plug an old exploration well and conduct additional drilling scope in Brazil.

CGG will apply its unique high-end OBS & FWI imaging technologies, expertise and specialised HPC from its UK and Cairo imaging centres to deliver the highest-quality 3D seismic images of pre-Messinian targets.

Equinor has initiated a safe shutdown of the Gudrun, Oseberg South, and Oseberg East fields after members of the Norwegian Organisation of Managers and Executives (Lederne) trade union went on strike from midnight.

The permits, for wells off the coast of Norway, have been granted based upon the petroleum resource act paragraph 13.

Under the terms of the contract, CGG will continue to provide its proven reservoir characterisation workflows, such as geostatistical, 4D and azimuthal inversion, while also bringing new state-of-the-art technologies to Brazil to further enhance reservoir understanding.

Equinor will retain 49% interest in the project, and Shell will become the new operator of the field. To reflect this change, Equinor and Shell have agreed to rename the North Platte development to the Sparta development.

The well is being drilled with a rig operated by KCA Deutag, with final depth of around 4600 m expected to be reached in October this year.

The company has announced that its Canadian affiliates, Imperial and ExxonMobil Canada, have entered into an agreement with Whitecap Resources Inc. for the sale of XTO Energy Canada, which is jointly owned by Imperial and ExxonMobil Canada.