Upstream news

Vår Energi ASA has announced an oil discovery in the operated Zagato exploration well near the Goliat field in the Barents Sea, adding to recent exploration success in the area.

Halliburton and Sekal AS deployed the world’s first automated on-bottom drilling system with the integration of Halliburton’s LOGIX automation and remote operations, Sekal’s Drilltronics, and the rig automation control system.

Richard Toomes, Strategic Business Development Manager, and Matthew Offenbacher, VP Marketing and Technology, AES Drilling Fluids, argue that a holistic viewpoint of drilling fluids’ impact on the drilling process is required to drive efficiency.

Innovex has announced the signing of a strategic Frame Agreement with SLB OneSubsea, for the supply of subsea wellhead systems.

SLB has announced that, in connection with SLB’s planned acquisition of ChampionX, all applicable waiting periods under the US Hart-Scott-Rodino (HSR) Antitrust Improvements Act of 1976 have expired, and SLB is legally permitted to close the ChampionX transaction in the US.

Viking Completion Technology has announced a series of high-profile successes in Saudi Arabia, completing five trial projects within a 14-month period.

Tokyo Gas Co., Ltd. has announced that it has agreed to sell its Eagle Ford shale gas assets.

ConocoPhillips has announced it has entered into an agreement to sell its interests in the Ursa and Europa Fields to subsidiaries of Shell plc, for US$735 million subject to customary closing adjustments.

CNOOC Ltd has announced that Luda 5-2 North Oilfield Phase II Development Project has commenced production.

Earlier this month, BGX acquired a 10% working interest in the well and an option to participate in any offset developmental wells in a 210 acre area of mutual interest from the operator, Adler Energy, LLC.