Upstream project news

The MoU includes the extension of the Motihari – Amlekhgunj Petroleum Pipeline to Chitwan and the construction of new oil storage terminals and a transnational pipeline, says GlobalData.

Agreement will accelerate the initial scope of 144 unconventional wells for delivery by 4Q25 with potential for significant number of additional wells in the second phase.

The company emerged victorious over competing bids from industry giants bp and EOG Resources.

The main production facilities include a new deepwater jacket platform ‘Haiji-2’ and a cylindrical FPSO ‘Haikui-1’.

This transaction allows TIMOR GAP, the state-owned oil and gas company of Timor-Leste, to participate in the Bayu-Undan joint venture (JV) for the project's remaining economic life.

The 23 partners behind Project Greensand have now submitted the final report from the pilot project, which has aimed to develop, test and demonstrate safe and efficient storage of CO2 in the North Sea subsurface.

CNOOC and 80883 (RMB Counter) has announced that Wushi 17-2 Oilfields Development Project has commenced production.

Zephyr Energy has announced the commencement of the well production test on the State 36-2R LNW-CC well at the Company's flagship project in the Paradox Basin, Utah.

Shelf Drilling has announced that a subsidiary of Shelf Drilling (North Sea), Ltd, has secured a contract for the Shelf Drilling Fortress jack-up rig with a North Sea operator for operations in the UK Continental Shelf

Custos Energy has announced that Chevron Namibia Exploration Limited, an affiliate of Chevron Corp, has executed an agreement that provides for their entry in Petroleum Exploration License 82, with the assumption of an 80% working interest and operatorship