Equinor and Petoro Exchanged Offshore Assets
Equinor and Petoro have entered into a value-neutral asset swap agreement in the Haltenbanken area. This was reported by the Equinor press service. Equinor will increase its participation in the Heidrun and Noatun fields and reduce its participation in the Tyrihans and Castberg, Carmen and Beta fields. Theses by K. …
Polish PGNiG Is Preparing for Drilling Operations on the Norwegian Shelf
The Norwegian Ocean Industry Authority (Havtil) has issued PGNiG Upstream Norway (PUN, part of the Polish Orlen Group) permission to conduct drilling operations in the Norwegian Sea. Havtil reports. Drilling operations will be carried out under production license PL1055, which was issued on February 14, 2020 and will be valid …
KazMunayGas Will Drill 3 Exploration Wells in 2024
The Chairman of the Board of KazMunayGas (KMG) M. Mirzagaliev took part in an international scientific and practical conference dedicated to the oil and gas future of the Mangystau region, where he spoke about the prospects for the development of geological exploration and the company’s plans in this area. This …
Exxon and Chevron Are Ahead of European Rivals Due to Production in Guyana and the United States
ExxonMobil and Chevron are increasing production in some production regions, with oil becoming the driver of growth. ExxonMobil and Chevron forecast that their production in the Permian Basin will increase by 10% this year. Exxon also reported that oil production in Guyana in the first quarter increased by 70% compared …
A New Large Oil Field Has Been Discovered in Hungary
Hungarian oil and gas company MOL said it had discovered a new field in the central part of the country that could produce about a thousand barrels of oil per day. “MOL, together with the Hungarian company O&GD Central Kft., carried out successful drilling in Central Hungary, near the village …
The President of Cyprus Discussed Cooperation in the Development of Gas Fields with the Head of ENI
The parties, in particular, spoke about the results of drilling work at the Cronos and Zeus wells in the country’s exclusive economic zone, the government Bureau of Press and Information noted. The President of Cyprus, Nikos Christodoulides, discussed cooperation in the development of gas fields with the CEO of the …
The First Cableless Telemetry in Russia for Wells Was Tested
This will eliminate the need for expensive cables and increase the reliability of oil production equipment. For the first time in Russia, Tatneft tested a cable-free system for monitoring downhole parameters. It transmits information from the bottom of the well along the production string. Damage to an expensive downhole pressure …
Rystad Energy Forecasts Maximum Investment in Deepwater Projects This Year
Capital spending on new deepwater drilling is forecast to hit a 12-year high next year, according to consultancy Rystad Energy. Once upon a time, the shale revolution somewhat pushed back interest in the development of shelf hydrocarbons. However, recent deep-sea discoveries off Guyana, Namibia and the Gulf Coast are bringing …
Equinor Is Ready to Begin Drilling Work at the Johan Castberg Field in the Barents Sea
The Norwegian Ocean Industry Authority (Havtil) has granted Equinor permission to drill at the Johan Castberg field in the Barents Sea. Havtil reports. Transocean Enabler Drilling operations will be carried out using a semi-submersible drilling rig (SSDR) Transocean Enabler: built at the South Korean shipyard Daewoo Shipbuilding & Marine Engineering …
New Gas Reserves Discovered in the Emirate of Sharjah in the Northern UAE
The Petroleum Council of the northern emirate of the UAE – Sharjah under its government announced the discovery of large new gas reserves in the Al Khadiba field, located north of the Al Sajaa industrial zone in Sharjah, the Emirates News Agency WAM reported. According to him, the new field …