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The company has also signed an agreement to sell to Suncor the entirety of the shares of TotalEnergies EP Canada Ltd., comprising its participation in the Fort Hills oil sands asset and associated midstream commitments.
QatarEnergy has been awarded a new exploration block offshore the Arab Republic of Egypt as part of the 2022 EGAS International bid round.
The company has awarded a US$615 million (AED 2.26 billion) engineering, procurement and construction (EPC) contract to Petrofac Emirates for constructing carbon capture units, pipeline infrastructure and a network of wells for carbon dioxide injection at the Habshan gas processing plant.
Expro has announced it has completed its previously announced acquisition of offshore services provider PRT Offshore.
Petrofac has been awarded a three-year contract extension in support of Repsol Sinopec Resources UK’s North Sea operations worth more than US$100 million.
Preliminary estimates indicate a total structure discovered volume of 5 trillion ft3 of gas in place with a content of condensate estimated up to 400 milion bbl.
The company forecasts that even in scenarios of 1.9 – 2.5°C warming, with rapid growth in renewable energy sources, the current set of existing gas fields will not meet global demand, requiring rapid growth in unconventional gas supply.
The company has announced that drilling has commenced on the Ofelia appraisal well in the Norwegian sector of the North Sea.
Halliburton Company has introduced the FlexRite® Selective Access multilateral completion system to address more complex and demanding well scenarios
The company has reported that substantial drilling activity, averaging 53 000 wells per year through to 2030, will help elevate production of crude, condensate, natural gas and natural gas liquids (NGLs) to a high of 173 million boe/d by 2030, up 9% from 159 million boe/d in 2022.
As part of its scope, DeepOcean removed six subsea conductors and four vertical supports at varying water depths and removed the upper conductor guideframes with an estimated weight of 400 t.
The new business, which will adopt the OneSubsea name, will drive innovation and efficiency in subsea production by helping customers unlock reserves and reduce cycle time.