Wood Mackenzie: BP's sale of Alaska business to Hilcorp "will not be the last deal in the region"
The deal makes Hilcorp the second-largest Alaska producer and reserves holder, behind ConocoPhillips.
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The deal makes Hilcorp the second-largest Alaska producer and reserves holder, behind ConocoPhillips.
The Vero system applies artificial intelligence to validate well integrity.
The money from this financing round will support the qualification and commercialisation phases for the company’s Slim Battery-powered Conveyor.
Production is expected to double from 149 billion m3 in 2018 to 325 billion m3 in 2040.
The Aseng 6P well was drilled to a total depth of 4417 m and is expected to produce first oil in October 2019.
The highest US crude oil exports to China in 11 months lifted total seaborne US crude oil exports to a record high at 11.9 million t in June 2019.
The agreement includes provision of well operator and well engineering project management services for four wells within the Rubie and Renee fields, 200 km north east of Aberdeen, UK.
Operations were suspended following recent seismic activity near the site in Lancashire, UK.
The company has also opened a new office in Rio de Janerio.
The separation is expected to be completed in the first half of 2020, subject to customary conditions, consultations and regulatory approvals.
Petrofac will provide personnel to the Unity Platform in the Central North Sea, the onshore Cruden Bay Terminal and other landline sites.
Rever Offshore, a subsea services provider, has announced project awards and completed campaigns with CNR International, Perenco and Spirit Energy, among other production and exploration majors.