Upstream news
Murphy Oil achieves first oil at deepwater Gulf of Mexico project
Production has begun flowing through the Murphy-operated King’s Quay floating production system.
EnerMech’s new partnership with Oil & Gas Proserv secures contracts worth US$3m
EnerMech has won two contracts in Azerbaijan since entering a new JV with Oil & Gas Proserv, an affiliated company of Nobel Energy Group.
Hunting to support Yellowtail development offshore Guyana
Hunting’s Direct Pull-Through installation methodology is intended to simplify installation and enhance safety during project execution.
GlobalData reports that US shale production is expected to stay robust following strong recovery in 2021
Crude oil production in the US has recovered considerably from the lows seen during the first wave of the COVID-19 pandemic and the brief price war between Saudi Arabia and Russia.
Drilling begins at Jade prospect offshore China
The Jade prospect has a GCA audited mean in place potential of 225 million bbl and a P10 in place upside of 395 million bbl.
Hod B field starts production
Aker BP, which operates the field, and partner Pandion Energy expect Hod to produce 40 million barrels of oil.
Maersk Drilling secures 19-month P&A contract in North Sea
The harsh environment jack-up rig Maersk Resolute will be employed to plug and abandon a total of 31 wells in the Dutch sector of the North Sea.
Neptune Energy ramps-up gas production from the Duva field
Gas production will be doubled from the Duva field in the North Sea, enabling an increase of 6500 boe/d from the first half of April.
Ithaca Energy reaches agreement to acquire Siccar Point Energy
The transaction includes the undeveloped Cambo and Rosebank fields in the UK North Sea.
Wood Mackenzie: domestic UK oil and gas can reduce reliance on energy imports
A Wood Mackenzie report examines the levers the North Sea can pull to increase production and argues indigenous oil and gas still has a major role to play.