Upstream project news

The acquisition is proposed through a consortium, with Horizon to acquire 75% of the shares in Exxon Mobil Exploration and Production Khorat Inc. with Matahio Energy acquiring the residual 25% and agreeing to manage EMEPKI employees and operatorship of the Nam Phong field on behalf of the consortium.

Jeff Forsyth Jan Frieling and Fraser Smith, StimStixx, Canada, explore working with in-situ acid generation for oil and gas with opportunities in carbon capture and geothermal well stimulation.

EIA forecasts that Alaskan crude oil production will grow in 2026, for the first time since 2017.

Vijay Desiraju, Celonis, explains why process intelligence can help capture value in the upstream industry.

Murphy Oil Corporation has announced that a subsidiary has signed a Purchase and Sale Agreement to acquire an FPSO vessel from BW Offshore.

VAALCO Energy, Inc. has announced that it has farmed into the CI-705 block offshore Côte d’Ivoire.

The new wells are expected to produce approximately 7 million barrels of condensate.

CNOOC Ltd has announced that the Buzios7 Project has commenced production safely.

Energy and marine consultancy ABL has been awarded a contract to provide marine warranty survey (MWS) services to Saipem, to support the marine transportation and installation (T&I) operations relating to Libya’s Bouri Gas Utilisation Project (BGUP).

Bridger Photonics, provider of aerial methane detection, has announced that the company continued to experience massive growth and market adoption for its advanced methane detection solutions in 2024 and is implementing a major leadership transition to support its continued scaling.