GlobalData: Foreign firms look to play crucial role in Venezuelan oil and gas sector
The majority of foreign companies are not making any profit or losing money in their partnerships with PDVSA to develop and produce hydrocarbons.
Drilling & production
Archer announces multi-year contract extension with major client in the UK
The award is the sixteenth contract extension and competitive re-tender award to Archer in the last four years for platform drilling operations and maintenance services in the UK, Norway, Greece and Brazil.
BP starts up Thunder Horse Northwest Expansion
The project is the fourth major start-up for BP in 2018.
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Amarinth secures US$410 000 order of API 610 pumps for the Rumaila oil field, Iraq
This first order for Amarinth from Iraq Gates Contracting Company (IGCC) of US$410 000 is for ten API 610 OH1 condensate transfer pumps with Plan 11 and Plan 52 double seals and seal support systems.
Equinor further focuses NCS portfolio
The company has signed an agreement with PGNiG to sell its non-operated interests in the Tommeliten discovery on the Norwegian Continental Shelf (NCS) for a total of US$220 million.
Shell agrees to sell upstream interests in Denmark to Noreco for US$1.9 billion
As part of the agreement, Noreco will assume all of Shell’s existing commitments and obligations, including the Tyra redevelopment and the decommissioning costs associated with the assets.
Crondall Energy secures contract to support Siccar Point Energy’s Cambo field development
Support will initially cover the identification and evaluation of FPSO options for the development and pre-FEED technical assurance of the subsea design.
Wintershall Norge AS granted drilling permit for well 6706/6-2 S in production licence 847
The well will be drilled from the Transocean Spitsbergen drilling facility in position 67°37'20.60"N and 6°45'57.57"E.
Byron Energy: sand recompletion update
Recompletion operations on the company’s South Marsh Island 71 F2 well have finished.
More Drilling & production news
LUKOIL begins construction at Rakushechnoye field
This is the company's third large project in the Caspian Sea alongside with two other fields, Yury Korchagin and Vladimir Filanovsky.
Perkins engine powers revolutionary wellhead system
The entire process is handled by a single operator working from a safe distance away from the wellhead and takes about 60 seconds. RigLock is also capable of handling three connections simultaneously.
Providence Resources: Newgrange Prospect update
The company has provided an update on FEL 6/14 that contains the Newgrange Prospect.
Coretrax provides £500 000 saving in well abandonment project
Coretrax has successfully saved a North Sea operator more than £500 000 during a well abandonment campaign in the UKCS.
Block Energy Plc. begins workover operations in Georgia
Block Energy Plc, the exploration and production company focused on the Republic of Georgia, has announced the start of a fully-funded workover programme at its Norio oilfield intended to scale up production rapidly by the end of 2018.
Equinor: production start at Oseberg Vestflanken 2
On 14 October the Oseberg Vestflanken 2 field in the North Sea came on stream.