Month: April 2022

TWMA has secured a new drilling waste management contract for a multi-well UK North Sea campaign, with its RotoMill technology expected to process about 2,000 metric tons of drill cuttings per well.

Norway-based Logtek has selected Emerson’s AspenTech Geolog technology to automate subsurface and petrophysics workflows supporting E&P decisions across the Norwegian Continental Shelf.

Chevron has joined SLB and TotalEnergies’ Arena collaboration to develop digital subsurface technologies aimed at improving reservoir engineering, geoscience and field development decisions.

Cenovus will acquire Athabasca Oil in a C$5.7 billion (US$4.1 billion) deal, adding about 45,000 boed and expanding its oil sands portfolio with the Leismer and Corner assets.

Baker Hughes has signed agreements with PDVSA and New Stratus Energy targeting Venezuela’s oil and gas development, gas infrastructure and potential future LNG exports.

Eni and Repsol are considering bringing outside investors into Venezuela’s giant Perla gas field as the partners pursue higher production and LNG exports by 2031.

OPEC+ will keep November oil production targets unchanged as Middle East disruptions constrain actual output and crude prices remain near $100/bbl.

Aker BP has appointed a new executive management team effective January 2027, reorganizing its leadership around exploration, development and production to streamline offshore operations.

Petrobras has made a second oil discovery in its ultra-deepwater Morpho well offshore Brazil, identifying another oil-bearing interval in the Foz do Amazonas basin.

ConocoPhillips has signed a 20-year agreement to purchase 1 MMtpa of LNG from Venture Global beginning in 2030, expanding its long-term LNG supply portfolio.