Industry News

Pan American announced the completion of the Phase 2 drilling program on its Big Mack Lithium Project, located approximately 80 km north of the town of Kenora, ON. Fullforce Diamond Drilling carried out the program under the geological support of Axiom Exploration Group.It began on 6 January, completing 3720 m over 25 drill holes, bringing the 2023 Phase 1 and 2024 Phase 2 drilling program total to 8322 m. The project was completed both on time and budget. 2355 samples obtained through the Phase Two program have been submitted to ALS Global for geochemical analysis.This second phase of drilling mainly

Blue Water has secured a contract with Noble for its operation offshore Suriname. It covers customs brokerage, local logistics services, domestic transport and personnel services for the Noble Voyager drillship, which has commenced an exploration campaign.It also includes the drilling of wells north of Paramaribo, Suriname’s capital city.“We are thrilled to partner with Noble Drilling in this exciting project, which has the potential to unlock significant hydrocarbon resources in Suriname,” said Gerson Sporkslede, General Manager of the recently opened branch of Blue Water Suriname.（2024-03-12）

Perenco UK has announced the successful startup of gas production from its C06 well, a near-field discovery within the Ravenspurn South area of the UK Southern North Sea (SNS).During Q4 2023, the deviated well 42/30-C06 was drilled and completed with the Valaris 247 jackup in 48 m water depth, delivering an estimated reserve addition of around 20 bcf to 40 bcf from a previously undrilled block at the North-Eastern edge of the Ravenspurn South field.The well was initially connected to a well test package, allowing measurement of the gas rate at 12 million standard cu ft/day (two KBOE/day) while sending

CNOOC has made a major oilfield discovery in the deepwater area of the South China Sea, Kaiping South, adding over a hundred million tons of oil equivalent proved in-place volume.The Kaiping South oilfield is located in the eastern South China Sea, with an average water depth of approximately 500 m. The main oil-bearing plays are Zhuhai Formation, Enping Formation and Wenchang Formation of Paleogene, and the oil property is light crude.The discovery well KP18-1-1d was drilled and completed at a depth of 3,462 m, which encountered a total of 100.6 m oil and gas pay zones. The well was tested

The US Securities and Exchange Commission (SEC) released its final climate-related risk disclosure rule, one that was first proposed in March 2022. In response, the SEC received over 15,000 comment letters, the most ever received for any proposed rule in the agency’s history. The final rule will require reporting to start on a sliding scale dependent on the filer type and data, beginning in 2025 and going through 2033.Among the energy industry advocacy groups that have responded are the American Petroleum Institute (API) and the Energy Workforce and Technology Council, with each group voicing concerns over the legality and scope

Scope 1 and 2 upstream emissions intensity has declined 12% since 2017. However, absolute emissions could plateau due to production growth, according to a new report from Wood Mackenzie.In the report, “Is upstream oil & gas delivering on decarbonization?” Wood Mackenzie finds that while flaring reduction, methane detection and repair, electrification and CCUS have put a dent in emissions intensity, higher volumes are increasing absolute emissions in some regions. Including the other components of the oil and gas value chain, absolute emissions could exceed pre-pandemic levels by 2028.“Flaring, methane and venting initiatives show that progress can be made, but efforts

Masirah Oil Limited has landed a contract for Northern Offshore’s Energy Emerger jackup drilling rig. It will perform a multi-well program in the offshore Yumna Field in Block 50 Oman. It will consist of the drilling and completion of a new infield well and the workover of two existing production wells.The program is slated to begin in mid-March 2024.（2024-03-05）

The Norwegian Offshore Directorate gave ConocoPhillips permission to start production at Eldfisk nord in the North Sea offshore Norway. This is an installation consisting of two seabed templates for production and one for water injection – a total of nine production wells and five injection wells. Work is expected to begin in Q1.According to the operator, resource potential is projected to be 50-90 million barrels of oil. The investment amounts to nearly NOK 13 billion. The Eldfisk field is located in block 2/7 and is part of the Greater Ekofisk Area. Eldfisk nord will help increase the recovery rate from