The Transocean Spitsbergen rig drilled the well in production license 199 in the Haltenbanken Vest Unit in the Norwegian Sea. Preliminary estimates place the size of the discovery in the range of 2-4 MMcm of recoverable oil equivalent. SourceContinue Reading

The combined solution will address challenges in locating, re-entering and re-abandoning legacy wells that penetrate, or pass through, offshore oil and gas reservoirs or saline aquifers that have been earmarked to be repurposed for carbon dioxide (CO2) or hydrogen storage. SourceContinue Reading

Chevron and NNPC signed documents on the conversion of five OMLs into four PPLs and twenty-six PMLs, in line with the new PIA terms, marking a significant step towards increasing domestic gas supply and expanding global market presence. SourceContinue Reading

The American Petroleum Institute is raising concerns over the recent decision by the U.S. District Court for the District of Maryland to vacate the National Marine Fisheries Services’ (NMFS) Biological Opinion in the Gulf of Mexico. SourceContinue Reading

Palantir’s AIP software will assist bp to safely and reliably harness large language models to improve and accelerate human decision-making with suggested courses of action based on automated analysis of the underlying data. Within the software, the robustness of the underlying data infrastructure and digital twin are combined with tools to ensure transparency into AI...Continue Reading

The group led by Saudi Arabia and Russia delayed easing supply curbs last week, but now needs to pick which way it wants to go ahead of next year, given outlook for balances was “not great”, said Ben Luckock, global head of oil at Trafigura. SourceContinue Reading

Chevron, ExxonMobil and Shell are among the companies taking measures such as evacuating workers from vulnerable installations, suspending drilling activities, and shutting in some wells. The storm’s forecast path intersects with fields that account for roughly 125,000 bpd and 300 MMcfgd. Francine may rake nine major platforms, including Enchilada, Cerveza, Perdido and Hoover. SourceContinue Reading

The establishment of transparent and stable regulatory frameworks is crucial for attracting upstream investors, who are more likely to commit capital when they have clarity on the legal and regulatory environment, according to the African Energy Chamber. SourceContinue Reading

The four new contracts encompass four heavy-size helicopters Sikorsky S-92A to support Petrobras in the pre-salt Santos basin. CHC will provide crew change flights to over 60 offshore units operated by Petrobras and its partners from Jacarepaguá and Maricá airports, located at Rio de Janeiro estate, Brazil. SourceContinue Reading

The UK government’s newly announced proposal to grant carbon dioxide transport and storage licenses to Liverpool Bay CCS Limited (Hynet) and Net Zero North Sea Storage Limited – the East Coast Cluster round Humberside and Teesside as been welcomed by the country’s largest offshore trade group. SourceContinue Reading