Industry News

The Petrobras FPSO Almirante Tamandaré (Búzios 7) has started production in the Búzios field, located in the pre-salt layer of the Santos Basin. This is the first high-capacity unit to be installed in the field, with the potential to produce up to 225,000 barrels of oil per day (bpd) and process 12 million cu m […]

Maurel & Prom has entered into a definitive agreement with NG Energy to acquire a 40% operating working interest in the Sinu-9 gas license in Colombia. The effective date for the transaction is 1 February 2025.The consideration of $150 million will be funded from M&P’s existing cash resources and available credit facilities. A deposit of

CNOOC Limited’s Bozhong 26-6 Oilfield Development Project (Phase I) has commenced production. The project is located in central Bohai Bay, with an average water depth of approximately 20 m. The main production facilities include a new central processing platform and an unmanned wellhead platform.A total of 33 development wells are planned to be commissioned, including

Ecopetrol and Occidental Petroleum Corp will extend the development plan of Rodeo Midland Basin, located in the Texas Permian Basin, under the joint-venture established in July 2019.The agreement includes a drilling plan for 34 wells between April 2025 and June 2026, in addition to those being executed under the current development plan for the first

On January 26, 2025, the first trial of the innovative “SuperGuard” series of oil tubing and casing quick stand protector products independently developed by CsTeC made great success. The “SuperGuard” series of oil tubing and casing quick stand protector products are designed to provide quick protection to the male thread area during double and triple

Chevron’s 50%-owned affiliate Tengizchevroil has started oil production at its Future Growth Project (FGP), located at the Tengiz oil field in Kazakhstan. The Tengiz oil field, located in western Kazakhstan, ranks as the world’s deepest producing supergiant oil field and the largest single-trap producing reservoir in existence.FGP is the third processing plant in operation at

The Ministry of Petroleum and Mineral Resources completed drilling work on the Nefertari well for ExxonMobil in the North Marakia area at a water depth of 1,720 m in the western region of the Mediterranean Sea. The results after recording the wells showed the presence of two main layers bearing gas in the Cretaceous formation.

On January 17th, the first trial use of the innovative “RwCsTeC” series multi-purpose grease processing equipment independently developed by CsTeC was a complete success. The “RwCsTeC” series multi-purpose grease processing equipment is an upgraded and enhanced version of the “RoCsTeC” series grease processing equipment. Its design was developed by the CsTeC team based on the

The Norwegian authorities offered Aker BP ownership interest in 19 exploration licenses on the Norwegian continental shelf in the APA 2024 licensing round. For 16 of the licenses Aker BP is also granted operatorship.The licenses are located in the North Sea and the Norwegian Sea. West of Yggdrasil, Aker BP is offered operatorship on the

ADES Holding announced that its offshore jackup rig “Admarine 504” has been awarded a drilling contract in Nigeria with Brittania-U, an indigenous integrated energy company that operates across the oil and gas value chain in Nigeria. This marks the company’s first entry into West Africa.ADES will provide the rig along with its senior crew and

SLB was awarded a series of major drilling contracts by Shell to support capital-efficient energy development across its deep- and ultra-deepwater assets in the UK North Sea, Trinidad and Tobago, the Gulf of Mexico and others.The projects, which will be delivered over a three-year timeframe, will combine SLB’s AI-enabled digital drilling capabilities with its expertise

The end of 2024 brought news of two gigs for Noble Corp rigs. First, the semisubmersible Ocean Apex has been contracted for a further period offshore Australia. This contract, which is for a minimum 37 days, will be in direct continuation of the Apex’s prior commitments in Australia, estimated to occur between Q2-Q3 of 2025.Next