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Petrobras will sell its stakes in 27 onshore exploration and production concessions located in Espírito Santo, called the Cricaré Cluster, to Karavan SPE Cricaré SA, a specific-purpose ­entity (SPE), for $155 million.

CGG began a multiclient 3D survey in the Northern North Sea to provide a second azimuth over its existing Northern Viking Graben (NVG) multiclient 3D survey and extend into open acreage on offer in the UK 32nd License Round.

Apache and Total said the Noble Sam Croft drillship gathered reservoir and other technical data in the upper cretaceous-aged Santonian intervals since its 29 July discovery.

Barron Petroleum drilled a new discovery well in Val Verde County, Texas, finding an estimated 417 Bcf (74.2 million bbl) in oil and gas reserves.

CNOOC Limited’s Nanbao 35-2 oil field S1 area offshore China in the central Bohai bay began production. The oil field, fully owned by CNOOC Limited, has an average water depth of 17 m.

Pharos Energy, an independent E&P company, received approval from the Prime Minister of Vietnam for its Te Giac Trang (TGT) full-field development plan (FFDP), enabling the company to begin drilling six new producer wells in Q4 2021.

SPE welcomes 132 members into the Legion of Honor, which observes 50 years of consecutive membership in the Society. Each honoree becomes dues-exempt and receives a commemorative plaque marking the milestone. The honorees are listed below under their respective sections.

In addition to the well-recognized elements of digital transformation such as real-time monitoring, remote intelligence, and extraction of insights from data, there is a need to evolve the industry hardware through application of enhanced edge computing.

SPE has always weathered the ups and downs of serving a ­cyclical industry by adapting as necessary to continue providing our members with high-quality content in JPT and across our wide variety of offerings such as events, webinars, training courses, and other member programs.

Petrobras completed a drillstem test (DST) in the Júpiter Discovery Assessment Plan, located in the Santos Basin pre-salt carbonate reservoir.