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Talos 1st intra-well water flood performing better than expected

July 26, 2021
| Archives

Talos Energy has announced preliminary production estimates for the second quarter of 2021, successful first production from the Company's Tornado Attic well and successful drilling of the Company's Crown and Anchor well. Talos estimates that average daily production for the second quarter of 2021 was approx. 66 thousand barrels of oil equivalent per day ('MBoe/d') net, ahead of Company expectations, and was

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Santos announces first oil from the Van Gogh Phase 2

July 26, 2021
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Santos has announced first oil from the Van Gogh Phase 2 Infill Development, with the first of three new production wells producing at the highest initial rate from an individual well in field history. Following completion and tie-in, the first well has produced at a peak rate of 23,200 barrels per day (bbl/d), well ahead of expectations for a single well. First oil

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Seadrill will play its part in the necessary industry consolidation says CEO

July 26, 2021
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Seadrill Limited announced that the Company has entered into a plan support agreement (the “PSA”) with certain of the Company’s senior secured lenders holding approximately 57.8% of the Company’s senior secured loans (the “Consenting Lenders”) as well as a backstop commitment letter entered into with certain of the Consenting Lenders.  The agreements contemplate a plan of reorganization (the

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Shell and Chevron greenlight new project in Gulf of Mexico

July 26, 2021
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Royal Dutch Shell announced plans on Monday to develop a new oilfield in the Gulf of Mexico, its first major project to get the go-ahead since a Dutch court ordered the energy company to accelerate its emissions reduction targets. The Whale development, operated by Shell which owns 60% of the project, alongside with Chevron with 40%, is expected

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We are going through the best moment in years says Brazil rig workers

July 26, 2021
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If an energy transition is underway around the world, it hasn’t reached the streets of Ilha da Conceicao, the working-class district at the heart of Rio de Janeiro’s oil revival.  There, buses and trucks are piling into Baker Hughes Co.’s shipyard, where the energy services giant is churning out hundreds of kilometers of oil and gas piping. One

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Top 5 largest oil and gas projects in Africa by investment

July 23, 2021
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While accounting for roughly eight percent of global oil production in 2020, Africa is home to massive untapped natural resource wealth, with a view to becoming a global energy powerhouse. Between 2021 and 2025, an estimated 428 oil and gas projects are expected to start operations on the continent, which is set to become a hive of

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BP acquires Open Energi digital

July 23, 2021
| Archives

bp has acquired UK-based digital energy business Open Energi. The company’s digital platform uses real-time data to optimize the performance of energy assets. It can generate savings and maximize revenues for customers by connecting to power markets and providing flexibility at times of low renewable generation and during price peaks. It also accumulates data and learns how

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Equinor books up more Floatel work

July 23, 2021
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Equinor Brasil Energia Ltda has awarded a contract to Floatel International for the Floatel Victory to provide Maintenance and Safety Unit (MSU) services alongside Peregrino Floating Production Storage and offloading unit (FPSO) offshore Brazil. The charter of the MSU is for six months with an expected commencement date on site in the third quarter 2021. Equinor has options

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Sapura bags new drilling contracts offshore Malaysia and Thailand

July 23, 2021
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Malaysia  AWARD OF CONTRACT BY PETRONAS CARIGALI SDN BHD FOR THE PROVISION OF TENDER-ASSIST DRILLING RIG(S) FOR DRILLING ACTIVITIES OFFSHORE MALAYSIA.  Sapura Drilling Asia Sdn. Bhd. has been awarded a contract by PETRONAS Carigali Sdn. Bhd. for the provision of tender assist drilling rig(s) for a duration of two (2) years, commencing 26 April 2021 to 25 April 2023.

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Shell selling off stakes in Malaysia

July 23, 2021
| Archives

Royal Dutch Shell launched the sale of its stakes in oil and gas fields it does not operate off the coast of Malaysia, according to a document seen by Reuters. The Anglo-Dutch company announced in March that it was considering selling its stakes in the Baram Delta EOR and the SK307 production-sharing contracts which are operated by Petronas

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