Upstream project news
Powering oil and gas operations with AI
Christian Keon and Indu Moola, Nanoprecise Sci Corp., Canada, describe fuelling energy operations with AI-driven maintenance.
Equinor brings Johan Castberg oilfield onstream
Equinor has announced the Johan Castberg oilfield in the Barents Sea has come onstream. The field will be producing for 30 years.
bp and Iraq finalise contract for Kirkuk redevelopment
bp has received final government ratification for its contract to invest in the redevelopment of several giant oilfields in Kirkuk, in the north of Iraq.
Horizon Oil: interest acquisition of 7.5% of Sinphuhorm and 60% of Nam Phong producing gas fields, onshore Thailand
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.
Low risk, high rewards
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: Alaska crude oil production will grow in 2026 for the first time since 2017
EIA forecasts that Alaskan crude oil production will grow in 2026, for the first time since 2017.
An extra boost
Vijay Desiraju, Celonis, explains why process intelligence can help capture value in the upstream industry.
Murphy Oil Corporation announces strategic acquisition of FPSO vessel in Gulf of Mexico
Murphy Oil Corporation has announced that a subsidiary has signed a Purchase and Sale Agreement to acquire an FPSO vessel from BW Offshore.
Vaalco acquires 70% interest in and becomes operator of offshore Côte D’Ivoire CI-705 block
VAALCO Energy, Inc. has announced that it has farmed into the CI-705 block offshore Côte d’Ivoire.
bp announces start of production from Raven Second Development Phase, offshore Egypt
The new wells are expected to produce approximately 7 million barrels of condensate.