FutureOn, the global software company specializing in the energy sector has joined forces with McDermott to discuss how transformative digital twin technology will accelerate the energy transition at the 2021 Australasian Oil & Gas (AOG) Exhibition and Conference, taking place 10-11 March in Perth, WA.  

Equinor and partners Vår Energi and Petoro have struck oil in exploration well 7220/7-4 in production license 532 in the Barents Sea. Recoverable resources are so far estimated at between 5 and 8 million standard cubic meters of recoverable oil, corresponding to 31 – 50 million barrels of recoverable oil.

The partners in the Åsgard license have decided to invest just under NOK 1.4 billion to further develop the field and implement the Åsgard B low-pressure project.

Aquaterra Energy, a leader in global offshore engineering solutions, has secured a multi-million-dollar (USD) riser contract with a marine vessel owner and operator, for deeper water well intervention projects mainly in the Asia Pacific region.  

Fugro is conducting a seep survey and geochemical campaign in Block 48, offshore Suriname, for PETRONAS Suriname E&P B.V. (PSEPBV). PSEPBV is a subsidiary of PETRONAS, a global energy and solutions partner ranked amongst the largest corporations in the Fortune Global 500.

Equinor has awarded PGS and Shearwater GeoServices framework agreements for 4D towed streamer seismic acquisition on the Norwegian continental shelf (NCS). The agreements have a total estimated value of around NOK 700 million.

European majors are anticipated to undergo stronger LNG capacity growth to 2025 than their US peers, particularly across three key regions: Former Soviet Union, North America and Africa, says GlobalData, a leading data and analytics company

Enteq Upstream (Enteq), an oilfield services technology and equipment supplier, has announced the launch of its novel alternative to traditional rotary steerable system (RSS) for directional drilling: the SABER Tool (Steer-At-Bit Enteq Rotary Tool).

LFH Engineering, which is based in Scotland, has invested £250,000 to develop a specialist pump for the oil and gas industry, utilising expertise which it has built designing and manufacturing pumps for diesel engine cooling systems used on international shipping vessels, locomotive and emergency diesel generators to the nuclear industry.

CGG has announced phase two of its multi-client 3D survey in the Northern North Sea, which will expand on the phase one acquisition initiated in 2020 to add a second azimuth over CGG’s existing Northern Viking Graben (NVG) multi-client 3D survey and extend coverage into the UKCS. The survey is supported by industry pre-funding.

Workstrings International (Workstrings), a leading provider of quality drilling and tubular handling equipment and a Superior Energy Services company, provided the 4 in. CTM26 drill pipe used in a record-breaking 28,789 ft flowline cleanout operation in the Gulf of Mexico.

Oceaneering International, Inc. (Oceaneering) announces that its Subsea Robotics (SSR) and Offshore Projects Group (OPG) have been awarded an integrated rig services contract for covering the Khaleesi/Mormont and Samurai fields in the U.S. Gulf of Mexico. 

Global integrated solutions specialist EnerMech has been awarded a five-year contract by Chevron Australia to provide a range of integrated services to its Western Australian oil and gas facilities.

The updated ‘Guidelines for GNSS Positioning in the Oil and Gas Industry’ has been released by the International Association of Oil & Gas Producers (IOGP) as IOGP Report 373-19 and the International Marine Contractors Association (IMCA) as IMCA S 015.

Vysus Group (formerly Lloyd’s Register Energy - LR), a global engineering and technology consultancy, has secured a contract with the international services company, Aibel, which was awarded a five-year portfolio agreement with Equinor for major project activities to be performed at Oseberg Field Center.   

Natural gas has a very important role to play in the energy transition and in meeting the world’s climate goals, says the Secretary General of the International Energy Forum, HE Joseph McMonigle.