Upstream project news

The multi-year contract includes MPD services for an initial 8 wells with the potential to expand to 24 wells. The award reinforces Weatherford’s market leadership in high-performance MPD and expands its presence in Mexico’s offshore energy sector.

The agreement is to acquire a 60% working interest (paying 80%) in the Sark well, planned to be drilled early 3Q25, located in Central Oklahoma, US.

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.

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.

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 have agreed on key terms for an onshore exploration opportunity in Azerbaijan.

TotalEnergies announces first oil from the fourth development phase of the Mero field on the Libra block.

SLB has announced the award by bp of a substantial EPCI contract for the Ginger project offshore Trinidad and Tobago.

Technip Energies awarded a significant engineering contract for the North Field Production Sustainability Offshore Compression Project in Qatar.

Contract wins in Americas, Africa and Australia boost growth at subsea cutting specialist Decom Engineering.