Maersk Drilling has secured an additional one-well contract from Aker BP, acting as operator of the Tambar license, for the low-emission jack-up rig Maersk Integrator. In direct continuation of its current work scope, the rig will move to the Tambar field offshore Norway to drill the K-2B development well, with work expected to commence in […]

The launch was attended by Mohammad Sanusi Barkindo, OPEC Secretary General; Professor Jonas Puck, the Academic Director of the Executive Academy at the Vienna University of Economics and Business which sponsored the event; Member Country representatives; and Members of Management from the OPEC Secretariat. The 2020 ASB provides a wide range of data on the […]

The two global leaders in production well optimization and subsea, Halliburton Company and TechnipFMC have introduced Odassea™, the first distributed acoustic sensing solution for subsea wells. The technology platform enables operators to execute intervention-less seismic imaging and reservoir diagnostics to reduce total cost of ownership while improving reservoir knowledge. The Odassea™ service integrates hardware and […]

TechnipFMC  a global leader in subsea, onshore/offshore, and surface projects has signed an over $1 billion major Engineering, Procurement, and Construction (EPC) contract with Assiut National Oil Processing Company (ANOPC) for the construction of a new Hydrocracking Complex for the Assiut refinery in Egypt. This EPC contract covers new process units such as a Vacuum Distillation […]

The Minister of Energy, Abdelmadjid Attar, Sonatrach’s CEO, Toufik Hakkar, and Eni’s CEO, Claudio Descalzi have met in Algiers to discuss the progress of the activities in the country, Eni and Sonatrach reviewed the recent completion of the construction of the gas pipeline linking the production sites of Bir Rebaa Nord (BRN) and Menzel Ledjmet […]

Schlumberger has introduced Symphony* live downhole reservoir testing, a technology platform that enables operational control of the downhole testing toolstring to deliver real-time downhole measurements. Symphony testing reduces operational time and improves safety and efficiency while enabling informed decision making for better reservoir understanding and reduced field development planning uncertainty. Symphony testing unites Muzic* wireless […]

Schlumberger has introduced Performance Live* digitally connected service that optimizes remote wellsite operations control while improving safety, efficiency and footprint. The service includes technology and domain expertise within a digital ecosystem, leveraging cloud-based applications and automated data workflows through a secure and robust data network. The Performance Live service provides customers with instant access to […]

Royal Dutch Shell plans to slash the value of its oil and gas assets by up to $22 billion after the coronavirus crisis hit demand for fuel and weakened the outlook for energy prices, the Anglo-Dutch energy company said. The writedown announcement came after Shell cut its forecast for energy prices into 2023 on expectations […]

Total and Sonatrach has reached an agreement in new partnership in the field of liquefied natural gas (LNG) distribution. This agreement notably allows to extend the existing supply contracts for 3 additional years in order to provide 2 million tons per year of Algerian LNG to the French market, primarily through the LNG terminal at […]

Reconnaissance Energy Africa Ltd. (ReconAfrica))  a young global exploration and production company has  announced  its  preparation for the upcoming drilling program in the Kavango Basin and  the appointment of Mr. Nick Steinsberger as Senior Vice President, Drilling and Completions.    Nick Steinsberger brings 32 years’ experience in petroleum engineering, drilling and completions, production, and surface facilities […]