Category: Uncategorized

Ovintiv has entered more than 60 transactions totaling about $460 million this year to add 41,000 net acres and 240 drilling locations across its Permian and Montney positions.

TotalEnergies has completed the transfer of its 10% Arctic LNG 2 stake to Novatek subsidiary NordLine, formally exiting the project while retaining rights to about $1.3 billion in shareholder loan repayments.

Aker BP has started production from three subsea fields tied back to the Skarv FPSO in the Norwegian Sea, bringing approximately 120 MMboe of recoverable resources online one year ahead of the original schedule.

SLB has launched two artificial lift technologies for U.S. land operations, targeting rod-pump wear and gas-lift optimization, with field deployments of its Synthetix system showing production efficiency improvements of 10%–20%.

Spirit Energy has completed a $55 million UK North Sea decommissioning campaign, plugging and abandoning three subsea wells and removing more than 234 tonnes of offshore infrastructure with support from DeepOcean and Well-Safe.

bp has awarded Halliburton an integrated drilling services contract for the first appraisal campaign at its Bumerangue deepwater discovery offshore Brazil, including reservoir evaluation, automation and remote operations.

SLB and OneSubsea have been selected for reservoir, well and subsea engineering work on the Havstjerne carbon storage project in the Norwegian North Sea as the development advances toward FID.

DNV has acquired Equinor’s WellSpot technology, developed and operated over 15 years, and will commercialize the platform to help offshore operators continuously monitor and manage subsea wellhead fatigue.

SLB has launched its ExaCT electrical control system for coiled tubing interventions, with field testing showing a roughly 175-hour reduction in intervention time during one six-lateral well operation.

ADNOC has awarded McDermott a contract valued at more than $1 billion for Package 4 of the Umm Shaif development, covering a new offshore pressure boosting facility designed to increase gas recovery and production.