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by Andreas Exarheas | Rigzone Staff | Monday, June 30, 2025 | 6:54 AM EST Wood Mackenzie reveals who was crowned the 'most admired upstream explorer' in the company's latest Annual Exploration Summit Survey. At the time of writing, none of the above have responded to Rigzone.
Portugal-based energy company Galp expects its oil production in Brazil to jump by 40% in the coming years as a new major field is set to begin production later in 2025, Nuno Bastos, EVP Upstream, has said. Currently, Galp holds stakes in various oilfields in the deep waters of the Santos basin in the prolific pre-salt layer offshore Brazil.
In June 2025, the company lifted its first crude cargo from the newly-constructed facility—the first indigenous onshore terminal constructed in the country in five decades—signaling the start of operations at the terminal. For Nigeria’s marginal fields, the terminal opens new doors for greater operational efficiency.
Managed pressure drilling (MPD) progressed deepwater operations by delivering a critical safety advantage for drilling the world’s most complex and challenging wells. Operational complexity MPD is an adaptive and advanced drilling solution that has made historically challenging wells feasible.
The installation, completed earlier this year, forms part of Salunda’s growing activity in the Americas deepwater market – where its patented latch monitoring technologies have become a preferred solution for hazardous area monitoring among major operators in the area.
This report analyzes upstream oil and gas production trends over the last three years, based on data from Rextag Energy DataLink. The Trend Area and Wolfcamp formations dominate, while Pioneer, OXY, and EOG lead among operators. MMBBL 193 BCF Analysis: Hilcorp leads in gas production but is less significant in oil output.
The Far South co-owners are bp (operator, 57.5%) and Chevron U.S.A. This discovery in the deepwater Gulf of America/Gulf of Mexico underscores how bp is in action to step up investment in exploration and strengthen its upstream portfolio under the strategy reset announced in February 2025. onshore and offshore regions by 2030.
Adura, which will be equally owned, combines the two companies’ offshore assets in the UK, where Shell currently produces over 100,000 barrels of oil equivalent a day (boed) and Equinor about 38,000 boed. percent operating stake in Pierce, which started production 1999; a 44.9 Adura will include Equinor’s 29.89
from 2018-2022, a provider of integrated specialty industrial services with operations in over 20 countries. His earlier experience includes field operations, engineering, and human resources across North America, South Asia, and the Middle East. Gatti served on the Board of Helix Energy Solutions Group, Inc. from 2018-2024.
Logistics management in the oil and gas industry plays a critical role in ensuring safe, timely, and cost-effective movement of materials, equipment, and personnel across upstream, midstream, and downstream operations. Supply Chain Coordination Integrating vendors, freight forwarders, customs brokers, and field operations.
upstream growth, driven by advantaged assets like the Permian Basin, is central to the companys long-term performance. Upstream Results: Permian Power ExxonMobils U.S. upstream earnings jumped to $1.87 Upstream Results: Permian Power ExxonMobils U.S. upstream earnings jumped to $1.87 billion in Q1 2024.
The company will deliver a rigless intervention framework that enables Repsol Resources UK to optimise well construction, production, and intervention to maximise plug and abandonment (P&A) operations. The efforts to maximise the remaining potential of the UK North Sea align with our focus to provide safe and reliable P&A operations.”
Based in the Apeldoorn training centre in the Netherlands, Karst Venema, formerly of Dutch upstream company Nam, has become the Operations Manager for Well Academy EMEA. URL: [link] The post Well Academy appoints operations manager appeared first on Offshore Energies UK (OEUK).
This is not a problem offshore where oil can be recovered from the PW so that it can be discharged overboard. There are two primary destinations for PW from onshore operations. This could force operators to stop production in previously profitable fields. Operators worked together to form consortiums for sharing water.
Conference Overview Conference Details: EnerCom Denver offers investment professionals a unique opportunity to network and listen to senior management teams from leading companies across the energy Value Chain, update investors on their operational and financial strategies, and learn how they create value for stakeholders.
“Those savings would give operators the ability to reinvest in new energy production, helping drive domestic energy development while reducing the need for duplicative infrastructure”, the DOI said. billion in industry savings annually under the updated regulations.
“Argentina LNG is a large-scale integrated, upstream and midstream gas development project designed to develop the resources of the onshore ‘Vaca Muerta’ field and serve international markets”, Eni added. The capacity is planned to grow to up to 30 million tons per annum (MMtpa) by 2030.
The collaboration aims to deliver optimised performance through enhanced operational efficiency and consistency in execution by scaling advanced digital solutions. This agreement with Cactus is an important step in shaping the future of well construction and aligning performance goals between SLB, drilling contractors and operators."
Previously, Shraddha led McKinsey’s Upstream Energy service line, delivering strategic transformations and large-scale digital programmes for major operators across the UK, Europe, Asia, and the Middle East. Her appointment further underlines Blend’s commitment to sector-specific expertise and transformative client delivery.
Brent Crude $78.03 +1.73% Natural Gas $4.04 +1.35% Latest Oil Prices SUBSCRIBE SEARCH ARTICLES NEWS Petronas Gets New Block offshore Suriname by Jov Onsat | Rigzone Staff | Thursday, June 19, 2025 | 7:53 AM EST The new acreage lies next to Petronas' Block 52, which contains the Fusaea, Roystonea and Sloanea discoveries. Paradise Oil Co.
The Deepsea Yantai drilling rig, operating in a water depth of 341 m, was utilised for the drilling. After the completion of operations, the well was permanently plugged and abandoned. Please upgrade your browser to improve your experience. Please sign in or register for free. Already a member?
(World Oil) – Africas national oil companies (NOC) are moving beyond operating as state-representatives by transforming themselves into competitive upstream players. mtpa Coral South FLNG project has been operating since 2022 while ExxonMobil plans to make FID on Rovuma LNG in 2026.
(Oil Price) –First-quarter earnings at ExxonMobil ( NYSE: XOM ) topped analyst estimates as higher production in the Permian and offshore Guyana offset part of the lower realizations due to falling oil prices. billion in cash flow from operations in the first quarter, down from $14.7 Upstream earnings increased by $1.1
The seminar covers the basics: geology, petroleum engineering, differences between conventional and unconventional plays, the basics of shale and offshore drilling, the economics of oil and gas exploration and production, geologic storage of CO 2 , and reserves estimations. About NSAI Netherland, Sewell & Associates, Inc.
The seminar covers the basics: geology, petroleum engineering, differences between conventional and unconventional plays, the basics of shale and offshore drilling, the economics of oil and gas exploration and production, geologic storage of CO 2 , and reserves estimations. About NSAI Netherland, Sewell & Associates, Inc.
This critical initial step, gas separation, lays the foundation for efficient and safe downstream operations. We will explore the inherent challenges in gas separation, the mechanics of these innovative devices, and the tangible benefits they bring, including enhanced operational reliability, reduced maintenance, and superior product quality.
Aker BP operates two licenses to explore potential CO2 injection sites on the Nordic country’s continental shelf: EXL 005 Poseidon and EXL 011 Atlas. Project Greensand is the first of its kind to demonstrate that captured CO2 can be transported cross-border and stored offshore, according to INEOS.
Offshore activity held at 13 rigs (-9 y/y). Read more RRC mapping automation portal now available online Summary : Texas’ Railroad Commission launched RRC MAP, an online portal requiring oil/gas operators to update real-time gas facility data for power generation supply chains during emergencies.
land, India and offshore West Africa.” Meanwhile, international markets, particularly offshore, are seen as somewhat more resilient. However, North America remains at the center of concern as both private and public operators trim drilling budgets in response to softening commodity prices and higher costs.
Attendees can expect to hear presentations from more than 70 companies, featuring public and private oil and gas and energy transition companies with operations worldwide along with panel discussions touching on current energy topics. In addition, the conference live webcast reaches a global audience of virtual attendees.
(Shell Brasil), a subsidiary of Shell plc, announced that it has taken the Final Investment Decision (FID) for Gato do Mato, a deep-water project in the pre-salt area of the Santos Basin, offshore Brazil. The Gato do Mato Consortium includes Shell (operator with a 50% stake), Ecopetrol (30%), TotalEnergies (20%) and Pr-Sal Petrleo S.A.
It covers the basics: geology, petroleum engineering knowledge, differences between conventional and unconventional plays, the basics of shale and offshore drilling, the economics of oil and gas exploration and production, geologic storage of CO 2 , and reserves calculations. NSAI in a nutshell Netherland, Sewell & Associates, Inc.
This partial privatization is designed to generate capital to support exploration and production projects, positioning Sonangol as a more competitive player in the global upstream market. By opening up to public investment, these companies aim to enhance operational efficiency, foster transparency and stimulate economic growth.
Conference Overview Conference Details: EnerCom Denver offers investment professionals a unique opportunity to network and listen to senior management teams from leading companies across the energy value chain update investors on their operational and financial strategies and learn how they create value for stakeholders.
Attendees can expect to hear presentations from more than 70 organizations, featuring public and private oil and gas and energy transition companies with operations worldwide, along with panel discussions touching on current energy topics. In addition, the conferences live webcast reaches a global audience of virtual attendees.
License EXL014 covers blocks 8/5, 8/6, 8/8, 8/9, 8/12, 9/7 and 9/10 on Norway’s side of the North Sea, according to a work program published online by the Norwegian Offshore Directorate. Stell Maris CCS AS holds 40 percent.
This development marks a significant step in Chevrons strategic offshore growth and reinforces its broader production goals in one of its most prolific regions. He continued, Ballymore, which was completed on time and on budget, brings additional production online without building a new standalone offshore platform.
Attendees can expect to hear presentations from more than 70 organizations, featuring public and private oil and gas and energy transition companies with operations worldwide, along with panel discussions touching on current energy topics. In addition, the conferences live webcast reaches a global audience of virtual attendees.
Attendees can expect to hear presentations from more than 70 organizations, featuring public and private oil and gas and energy transition companies with operations worldwide, along with panel discussions touching on current energy topics. In addition, the conferences live webcast reaches a global audience of virtual attendees.
Attendees can expect to hear presentations from more than 70 organizations, featuring public and private oil and gas and energy transition companies with operations worldwide, along with panel discussions touching on current energy topics. In addition, the conferences live webcast reaches a global audience of virtual attendees.
Attendees can expect to hear presentations from more than 70 organizations, featuring public and private oil and gas and energy transition companies with operations worldwide, along with panel discussions touching on current energy topics. In addition, the conferences live webcast reaches a global audience of virtual attendees.
Attendees can expect to hear presentations from more than 70 organizations, featuring public and private oil and gas and energy transition companies with operations worldwide, along with panel discussions touching on current energy topics. In addition, the conferences live webcast reaches a global audience of virtual attendees.
In a meeting , Badawi discussed met with Lorenzo Simonelli, CEO of Baker Hughes, the company’s operations in Egypt. The meeting further tackled Baker Hughes role in enhancing technological progress in the oil and gas sector, as well as providing advanced engineering and technical solutions for deepwater offshore fields.
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