
New oil discovery in the Gulf of Suez
Cheiron has announced a new oil discovery near the GNN oil field in the Gulf of Suez.
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Cheiron has announced a new oil discovery near the GNN oil field in the Gulf of Suez.

The company has announced that drilling operations have begun at its operated Yakoot exploration well, located in the North West El Amal Concession in the southern Gulf of Suez, Egypt.

Miros and Belga Marine has expanded their partnerships to boost ocean insights as-a-service solutions in Brazil.

Southeast Asia's renewable investment to top US$76 billion by 2025, boosting energy independence and competitiveness.

Equinor and will replace two gas turbines with heat recovery to produce electric power, at Statfjord C platform in the North Sea.

The Trudvang area has the potential to store up to 9 million t of CO2 annually for at least 25 years – a total of 225 million t – with analysis indicating the storage potential could be even higher.

Deltic Energy has been informed by the licence operator Shell UK Ltd that site survey works associated with the Selene exploration well location have commenced.

The licensees in Statfjord Øst have received consent to use new facilities linked to the gas lift project on the field. Expected start-up will be soon.

Tracerco announced a supply and marketing agreement with Kobold Completions Inc. to provide clients with a technology that will continuously monitor oil reservoirs.

Silver has secured a three-year multi-well contract in Southeast Asia for the installation of the artificial lift production optimisation system.

Exploration spend (excluding appraisal) will recover from historic lows to average US$22 billion per annum in real terms over the next five years, according to a new report from Wood Mackenzie.

SFL has announced that it has signed a drilling contract in Canada with a value of approximately US$100 million.