From a new software partnership between two major companies to a vessel equipment contract, below is a compilation of the latest headlines in the E&P space.
Activity
BP Starts Production from Cypre Gas Project off Trinidad and Tobago
BP Trinidad and Tobago’s (BPTT) Cypre development has delivered its first gas.
Cypre is one of BP’s 10 major projects expected to start up worldwide from 2025 to 2027. Production from Cypre will make a significant contribution toward the 250,000 boe/d combined peak net production expected from these 10 projects.
Cypre, BPTT’s third subsea development, will feature seven wells tied back into the existing Juniper platform. At peak, it is projected to deliver 250 MMcf/d, equivalent to 45,000 boe/d. The first phase of the development—four wells—was completed at the end of 2024. The second phase is expected to commence in the second half of 2025.
TGS Begins Expansion of Node Coverage in Gulf of Mexico
Energy data and intelligence provider TGS has begun a project to expand seismic node coverage in the Gulf of Mexico, adding more than 1,100 sq km in the Mississippi Canyon, Ewing Banks and Grand Isle South areas.
The Amendment 4 project will feature TGS' Gemini enhanced frequency source, offering lower frequency and improved signal-to-noise for ultra-long offset ocean bottom node seismic compared to conventional seismic sources. This will enhance input data for TGS' elastic full waveform inversion (eFWI) algorithm, resulting in more accurate subsurface imaging of the subsalt geology in the region.
The acquisition phase of this program is scheduled for completion in second-quarter 2025, with final deliverables available in second-quarter 2026.
Permian’s 2023 Methane Intensity Second Lowest on Record
Methane emissions in the Permian Basin were 0.49 mt/boe in 2023, up from the previous year’s record low of 0.39—but down 65% from 2015, when intensity reached a peak, according to Texans for Natural Gas, a campaign of the Texas Independent Producers and Royalty Owners Association. The years 2022 and 2023 measurements were the lowest intensities on record.
The group said record production, depressed Waha Hub prices for natural gas and takeaway capacity constraints contributed to the increase from 2022. It said estimates are showing that intensity declined about 14% in 2024, continuing a trend of decreases.
Contracts and company news
SLB, Shell Announce Partnership on Subsurface Software
SLB has announced a partnership with Shell to deploy Petrel subsurface software across its assets worldwide. The adoption of Petrel software is designed to increase digital capabilities and drive operating cost efficiencies.
“With a common focus on joint innovation, including seismic interpretation for both traditional E&P and energy transition workflows, the partnership will support Shell’s digital transformation journey,” said Rakesh Jaggi, SLB’s president of digital and innovation.
Shell will use Petrel software powered by advanced AI to deliver seismic interpretation workflows. The deployment aims to standardize infrastructure and workflows and accelerate scalable digital solutions, helping to improve cost operating efficiencies.
TWMA Signs Three-Year Drilling Waste Contract with TotalEnergies
TWMA has secured a three-year contract with TotalEnergies UK for its drilling waste management services, continuing a long-term relationship between the two companies.
The contract commenced in October 2024 and includes the option for extension. This collaboration aims to minimize waste, maximize resource recovery, and reduce the environmental impact of drilling operations. TWMA will deploy its RotoMill technology, which processes drill cuttings directly at the wellsite, helping reduce transportation and its associated emissions.
Kongsberg Maritime to Supply Equipment for DOF Vessel
Kongsberg Maritime has secured a contract to supply an integrated package of equipment for a new offshore support vessel being built for maritime services firm DOF.
The new 110-m OSV, with a capacity to accommodate 164 people, is designed by MMC Ship Design and constructed at Crist shipyard in Gdynia, Poland. The vessel will operate offshore Newfoundland, an area known for its harsh environmental conditions.
The vessel will be equipped with a comprehensive range of Kongsberg Maritime systems, including the DC main switchboard, battery hybrid system, main power generator, thruster induction motor and distribution transformer.