NEL has developed a novel method for calculating Reynolds numbers in real time, helping the O&G industry to significantly reduce financial exposure of heavy oil flow measurement.
Drilling & production - 04 January 2017
A definitive agreement with a subsidiary of Venado Oil and Gas, LLC , an affiliate of KKR, covers the sale of SM Energy's third party operated assets in the Eagle Ford, including ownership interest in related midstream assets, for US$800 million.
Statoil plans to drill around 30 exploration wells in 2017, an increase of around 30% compared to 2016. More than half of the wells will be drilled on the Norwegian Continental Shelf (NCS).