The industry-wide drive for sustainability, digitalisation and shifting strategies are opportunities for disruption
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Churchill darts save major operator a wellhead jetting trip
• North Sea operator cleans wellhead base debris in one hour and avoids a dedicated clean out run
Terra Drone Europe conducts oil rig platform survey and 3D modeling for Shell
Using modern GNSS techniques, the location of each and every asset on the rig platform was determined to facilitate accurate drill rig positioning
OPEC oil output hit eight-year low in July: Reuters survey
Saudi Arabia was responsible for the bulk of the drop, with production from the nation sitting approximately 660,000bpd lower than the quota agreed upon by OPEC
Sabotage at Sharara halts production from Libya’s largest oil field
Libya NOC has reinstated force majeure on crude oil loadings at Zawiya port following the illegal closure of a pipeline valve blocking crude oil supply from Sharara
Sphera to acquire sustainability software company thinkstep
The acquisition will allow users to mix and match different sustainability and product stewardship tools to meet their individual needs
Eni and BP sign exploration and production sharing agreement onshore Oman
During the exploration phase, Eni and BP will each hold a 50% interest in the agreement for Block 77, with Eni acting as the operator
Eni closes $3.24bn acquisition of 20% equity interest in ADNOC Refining
The operation, which will cost the company approximately $3.24bn, represents a 35% increase in Eni’s refining capacity
WFS appoints new chief technology officer
Jim Darroch, who has worked with Honeywell and Emerosn in the past, will lead the subsea IoT company’s product vision and roadmap
Mubadala assets under management hit $229bn
The company made $19bn worth of new investments in 2018, primarily in the technology sector