Stay up to date with the latest news and updates from the oil industry.
Through the agreement, Longboat farmed-in to two near-term, gas weighted exploration prospects on the Norwegian Continental Shelf targeting combined gross unrisked mean prospective resources of 223 mmboe (45 mmboe net to Longboat).
CGG has announced that Sercel, its Sensing & Monitoring division, was selected as the successful bidder for the acquisition of ION Geophysical Corporation’s software business.
Episode 10 of the Palladian Energy Podcast: Understanding digital control of work systems for high hazard industries, Yokogawa RAP.
ExxonMobil affiliate Esso Exploration & Production Guyana Ltd is set to install a subsea water alternating gas (WAG) jumper made from Strohm’s Thermoplastic Composite Pipe (TCP) on the Liza Phase 2 project in Guyana.
According to Rystad Energy analysis, global recoverable oil now totals an estimated 1572 billion barrels, a drop of almost 9% since last year and 152 billion fewer barrels than 2021’s total.
The system, which comprises of 1300 t of equipment and stands at 40 metres tall, will enable riser and riserless based well intervention activities in water depths up to 1500 m.
Under the terms of the contract, CGG will continue to provide its proven reservoir characterisation workflows, such as geostatistical, 4D and azimuthal inversion, while also bringing new state-of-the-art technologies to Brazil to further enhance reservoir understanding.
The companies have announced their discovery of a field of super-viscous oil and bitumen in the Zarafshan depression.
Equinor will retain 49% interest in the project, and Shell will become the new operator of the field. To reflect this change, Equinor and Shell have agreed to rename the North Platte development to the Sparta development.
Abu Dhabi National Energy Company PJSC (TAQA) has announced it has completed the safe and successful removal of the Brae Alpha West drilling rig and the Brae Bravo upper main jacket in the Northern North Sea.
The well is being drilled with a rig operated by KCA Deutag, with final depth of around 4600 m expected to be reached in October this year.
The new F-class vessel is expected to be delivered in 4Q25. Cadeler is currently in discussion for an XL monopile foundation installation contract in the North Sea. Installation is expected to commence in 2Q26.