Upstream news

The parties to the MoU will progress discussions with the view to signing final agreements to implement the Anchois Gas Development, with targeted Final Investment Decision in 2022 and first gas in 2024.

The Mugnetind discovery is estimated to contain recoverable resources between 5 and 11 million boe, which is not considered to be commercial in isolation.

Nabors will be the preferred drilling contractor for Chesapeake across its unconventional oil and natural gas assets in the US.

Three companies currently operating FPSOs on the UKCS have submitted detailed proposals to Orcadian.

Versal is an independent, secure, cloud-based, multi-client seismic data ecosystem where clients can easily access all their data and entitlements in one place.

As part of the transaction, Repsol has assumed responsibility for the day-to-day operation of the rig on the Yme field, leasing the rig from Havila Sirius on behalf of the Yme licensees.

A disruption at a gas well in Indonesia's Merakes gas field is likely to affect the project's production for as long as 6 months.

The agreement will see the companies identify SURF projects worldwide that could be jointly executed for the benefit of clients.

The company has pledged to become a net zero emissions company by 2050, but has come under pressure to make faster progress.

The new discoveries add more than 6000 boe/d to Eni’s gross production.