Upstream news

Lucid’s Delaware Basin footprint overlays some of the most economic crude oil and natural gas producing acreage in North America. Current rig activity supports over 20 years of drilling inventory on Lucid’s greater than 600 000 dedicated acres

Harbour is pleased to announce the commencement of a share buyback programme of the Company’s ordinary shares for up to a maximum aggregate consideration of US$200 million.

Equinor and the UK’s Centrica have signed an agreement which will provide additional supplies of around 1 billion cubic meter (bcm) of gas for each of the coming three heating seasons.

ExxonMobil releases a statement in response to a letter from President Biden.

With 100 000 ships consuming around 300 million t of fuel per year global shipping accounts for around 3% of global carbon emissions, a share that is likely to increase as other industries tackle climate emissions in the coming decades.

Modus has developed the application of fully automated, low cost, carbon-zero inspection and maintenance services using subsea hybrid autonomous underwater vehicles (HAUVs) to map underwater topography and inspect pipelines, cabling and undersea structures.

The contract calls for the supply of a Seal 428 recording system, including Sentinel streamers, a Nautilus streamer positioning system, and G-Source II high-performance impulsive sources.

Under the contract, Petrofac will provide onshore and offshore personnel and a range of technical support services. The five-year contract, which has an option to extend, starts in June.

The paper describes how a combination of machine learning and rock physics helped leverage legacy seismic and well data for the characterisation of a carbonate geothermal reservoir located in the Dogger Formation northeast of Paris, France.

bp has agreed to sell its 50% interest in the Sunrise oil sands project in Alberta, Canada, to Calgary-based Cenovus Energy.