Shell announces exit from Russian joint ventures
At the end of 2021, Shell had around US$3 billion in non-current assets in Russia.
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At the end of 2021, Shell had around US$3 billion in non-current assets in Russia.
A fault has been identified in the Rhum Subsea Control Module which has necessitated a temporary shutdown of production.
The Rissana licence (approximate area 8489 km2) surrounds the offshore area of Chariot's existing Lixus offshore licence, where the company announced in January 2022 the conclusion of successful drilling operations at the Anchois field.
At the end of 2021 Equinor had US$1.2 billion in non-current assets in Russia.
The Hamlet prospect is located 7 km north of the Gjøa field within the Neptune-operated PL153 Licence.
BP has held a 19.75% shareholding in Russian state-owned oil company Rosneft since 2013.
The sale will include the Mobil Development Nigeria and Mobil Exploration Nigeria equity ownership of Mobil Producing Nigeria Unlimited, which holds a 40% stake in four oil mining licences, including more than 90 shallow water and onshore platforms and 300 producing wells.
Eni has started production from the Ndungu Early Production development project via the Ngoma FPSO vessel.
NOV and Advanced Drilling Solutions have joined forces to provide equipment, expertise and capabilities to support full rig integration and automation.
MAATS Tech was named subsea company of the year and David Bruton, Director Subsea at Crondall Energy, was recognised for his outstanding contribution to the industry.
The Miamte FPSO has started production at the Miztón field.
The Venus 1-X well encountered approximately 84 m of net oil pay in a good quality Lower Cretaceous reservoir.