Upstream project news
Velesto secures PTTEP drilling contract for NAGA 5 in 2025-26 campaign
Under the contract, Velesto will assign NAGA 5, one of its premium jack-up rigs, to drill a firm 15 wells with operations scheduled to commence in June 2025.
Halliburton and PETRONAS to deploy next generation subsurface modelling and reservoir management solutions
As part of the collaboration, PETRONAS Carigali Sdn. Bhd. will deploy Halliburton Landmark’s DecisionSpace® 365 Geosciences Suite and Unified Ensemble Modelling solutions with the objective to unify exploration and development workflows and accelerate time to first oil.
Percepto launches AI emission detector for remote, drone-based methane surveying
The system detects emissions down to the component level, with field-validated performance down to 100 g/hr at 90% confidence.
MOL Group and SOCAR set key terms for onshore exploration in Azerbaijan
MOL Group and SOCAR have agreed on key terms for an onshore exploration opportunity in Azerbaijan.
Brazil: First oil of Mero-4
TotalEnergies announces first oil from the fourth development phase of the Mero field on the Libra block.
SLB OneSubsea and Subsea7 awarded EPCI contract for bp's Ginger Project
SLB has announced the award by bp of a substantial EPCI contract for the Ginger project offshore Trinidad and Tobago.
Technip Energies awarded offshore compression project in Qatar
Technip Energies awarded a significant engineering contract for the North Field Production Sustainability Offshore Compression Project in Qatar.
Decom Engineering outlines contract wins in Americas, Africa and Australia
Contract wins in Americas, Africa and Australia boost growth at subsea cutting specialist Decom Engineering.
BW Energy announces substantial oil discovery at Bourdon field offshore Gabon
Management estimates indicate 56 million barrels oil in place of which approximately 25 million barrels are considered recoverable.
Zenith Energy successfully delivers well in Polish waters for client Central European Petroleum
Zenith reports the successful delivery of the Wolin East 1 (WE 1) well for client Central European Petroleum (CEP) offshore Poland.