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Upstream news updates

The President of the Republic of Cyprus meets Eni CEO

President Christodoulides and Eni’s CEO reviewed the discoveries made in 2022 by Eni and its partner TotalEnergies of Cronos and Zeus which led to the drilling of the Cronos 2 appraisal well in late 2023.

 

Wood awarded North Sea decarbonisation project for TotalEnergies

The 23-month contract, part of the Elgin-Franklin Flare Gas Recovery System Project, follows Wood’s successful completion of a field study and front-end engineering design (FEED) and includes the coordination of operations, procurement and design aspects for the Elgin asset.

Shelf drilling secures new contract in UK North Sea

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

PEL 82 Chevron farm-In

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


More oil news updates

Exploration discovery at Bunga Aster-1 Well

Hibiscus Petroleum Berhad has announced that its wholly-owned subsidiary, Hibiscus Oil & Gas Malaysia as the operator of the PM3 commercial arrangement area production sharing contract, has successfully completed the drilling of the Bunga Aster-1 exploration well.

 
 
 
 
 
 
 
 
 
 
 
 
 

SLB introduces two artificial lift systems

Connected to digital services for continuous live surveillance and real-time optimisation, these technologies are set to improve operational stability, enabling faster installation and production, with lower power consumption, operating costs and carbon emissions.