Drilling & production - 08 June 2016

The platform deck for the Ivar Aasen project is now on its way to Norway after sailaway from the yard area in Singapore.

Against the backdrop of a low oil price, more oil and gas companies are looking to rationalise their portfolios and divest non-core assets in the UKCS

Europa Oil & Gas plc has formally accepted the award of four new Licensing Options as part of phase two of the 2015 Atlantic Ireland licensing round.

Gyan Chandra Acharya, UN Under-Secretary-General, expressed hope that Astana EXPO-2017 would become a platform to discuss energy challenges in developing countries.

The facility now supports a full range of service operations, including: sales, engineering, quality, machining, product assembly and testing, inventory and coating.

Mermaid Maritime Public Co. Ltd has reported that Mermaid’s subsidiaries have recently been awarded six different subsea works in the Asian region with an estimated aggregate contract value of US$15 million.

The highlights from the report shows that rising oil demand coupled with falling US crude production has contributed to a price increase.

The Super Stomper, allows multiple jack cylinders to operate over a single large walking foot, which allows the rig to operate at much lower ground bearing pressures.

Independent Oil and Gas plc has announced that the appraisal well on the Skipper oil discovery which lies in Block 9/21a in licence P1609 in the Northern North Sea, is scheduled to be drilled in July 2016.

API Executive Vice President Louis Finkel has welcomed a report from Speaker Ryan's Task Force on Poverty, Opportunity and Upward Mobility.

According to the EIA, most natural gas production growth is expected to come from US shale gas and tight oil plays.