Upstream project news

Christian Keon and Indu Moola, Nanoprecise Sci Corp., Canada, describe fuelling energy operations with AI-driven maintenance.

Equinor has announced the Johan Castberg oilfield in the Barents Sea has come onstream. The field will be producing for 30 years.

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.

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.