The Latest

PGS Gets Greenlight to Begin Surveying for Petrobras 4D Contract

After a long permitting process, PGS has secured the last permit needed to begin its large 4D survey contract with Petrobras at the Barracuda-Caratinga field offshore Brazil.

Petrobras Awards Subsea 7 a Large Contract Offshore Brazil

Under the contract, which is valued at over $1.25 billion, Subsea 7 will develop the Búzios 9 field in Brazil’s Santos Basin.

Oceaneering’s New AUV Successfully Inspects TotalEnergies Pipeline

Oceaneering’s Freedom AUV pilot test reduces time, emissions in pipeline inspection campaign for TotalEnergies.

Enverus Names Manuj Nikhanj as New CEO

Enverus President Manuj Nikhanj will take over as CEO of the top energy analytics firm on July 1, succeeding Jeff Hughes, who will continue as executive chairman.

Weatherford, Equinor Extend Completions, Slot Recovery Agreement

Weatherford’s technology will provide Equinor with simplified downhole architecture, cost savings and remote monitoring.

E&P Highlights: May 28, 2024

Here’s a roundup of the latest E&P headlines, including production start up at a field using an innovative emissions reduction technology.

The ‘Necessary Evil’ of Four-mile Laterals

While extended length lateral wells can lead to massive profits, the risk might not always be worth it. At Hart Energy’s SUPER DUG, Diamondback Energy, SLB, NOV and others weighed the risk and rewards of drilling three- and four-mile laterals.

Avangrid to Upgrade Eversource’s Massachusetts Electric Grid

Avangrid will convert Eversource’s 115 kv line into a 345 kv line that will run from the Bourne Substation to the West Barnstable Substation in Massachusetts.

Blankenship, Regens: More Demand, More M&A, More Regs

In 2024, the oil and gas industry is dealing with higher interest rates, armed conflicts in Europe and the Middle East, rising material costs, a decrease in Tier 1 acreage and new policies and laws.

Wintershall Adopts Halliburton Landmark’s UEM Subsurface Tool

Wintershall Dea is looking to implement the Unified Ensemble Modeling solution in its drilling campaign at the Maria Field in the Norwegian Sea in 2025, allowing real-time static and dynamic data.