Industry News

TotalEnergies announced several significant steps toward the final investment decision (FID) of the development of Block 58 offshore Suriname. The decision is expected in Q4 2024, with goals for a production startup in 2028.At the 2024 Suriname Energy Oil and Gas Summit, the company noted that FEED studies are progressing for the development of the […]

Patrick Pouyanné, Chairman and CEO of TotalEnergies, met on 20 May in Luanda with João Lourenço, President of Angola; Diamantino Azevedo, Minister of Mineral Resources, Oil & Gas (MIREMPET); Paulino Jerónimo, Chairman and CEO of Agencia Nacional de Petroleo e Gas (ANPG); and Gaspar Martins, Chairman and CEO of Sonangol, to announce the final investment

Halliburton has added the SentinelCem Pro cement system to its lost circulation solutions portfolio. The single-sack packaging enables proactive storage in offshore and remote locations.SentinelCem Pro cement, built upon its predecessor, simplifies mixing operations as it eliminates the need for pre-hydration of the slurry design and access to high-purity water sources. This feature facilitates more

Valaris recorded new contracts and multiple extensions for two floaters and two jackups in its latest fleet status report, released 30 April. These with other contract announcements have added roughly $480 million in value, increasing the company’s total backlog to approximately $4 billion.ExxonMobil exercised a six-month priced option for the VALARIS DS-9 drillship, slated to

Equinor received consent from the Norwegian Ocean Industry Authority (Havtil) to use the Transocean Enabler semisubmersible for production drilling, completion and drilling of the exploration segment at the Johan Castberg field in the Barents Sea.Johan Castberg is 100 km northwest of the Snøhvit field, with a water depth of 370 m. The three discoveries it

Petrobras has awarded SLB three contracts for completion hardware and services for up to 35 subsea wells in the development of Petrobras’ Buzios Wave II oilfield, offshore Brazil. The contract includes SLB’s fullbore electric interval control and electric subsurface safety valves. The award is a catalyst toward full production system electrification for Petrobras, improving production

Sinopec has completed drilling China’s deepest geothermal exploration well, the Fushen-1 well in Hainan, with a depth of 5,200 m. The milestone revealed the deep geothermal formation and enrichment in South China. The breakthrough in hot dry rock in terms of demographic region and depth is of great significance to enhance the large-scale development and

Aramco has awarded engineering, procurement and construction (EPC) contracts worth $7.7 billion for a major expansion of its Fadhili Gas Plant in the eastern province of Saudi Arabia. The project is expected to increase the plant’s processing capacity from 2.5 bscfd to up to 4 bscfd.This additional 1.5 bscfd of processing capacity is expected to

Vaalco Energy announced all partners signed the final documents, and the government of Equatorial Guinea has approved the joint operating agreement related to the previously approved Venus-Block P plan of development (POD).The production sharing contract provides for a development and production period of 25 years from the date of approval of the POD.“With final documents

CNOOC has made a major oilfield discovery of Qinhuangdao 27-3 in the Bohai Sea, adding over 100 million tons of oil equivalent proved in-place volume.The Qinhuangdao 27-3 oilfield is located in the north-central waters of the Bohai Sea, with an average water depth of approximately 25 m. The main oil-bearing play is the Minghuazhen Formation

CNOOC has made a major oilfield discovery in the deepwater area of the South China Sea, Kaiping South, adding over a hundred million tons of oil equivalent proved in-place volume.The Kaiping South oilfield is located in the eastern South China Sea, with an average water depth of approximately 500 m. The main oil-bearing plays are

The Norwegian Offshore Directorate gave ConocoPhillips permission to start production at Eldfisk nord in the North Sea offshore Norway. This is an installation consisting of two seabed templates for production and one for water injection – a total of nine production wells and five injection wells. Work is expected to begin in Q1.According to the