Horizon Oil is pleased to advise that on 10 January 2017 production from the Beibu Gulf fields, offshore China, which came on stream in March 2013, reached a total of 13.9 million bbls of oil.
Oil and gas production on the Norwegian shelf is high. The adjustment process has been extensive, but the cost reductions implemented by the industry will lay the foundation for profitable activity for many years to come
The company has issued a statement to summarise recent operational activities and to provide trading guidance in respect of the financial year to 31 December 2016.
Wood Group has secured a five year, framework agreement to provide engineering and project management services to Saudi Aramco’s onshore capital programmes.
Cooper Energy reports the acquisition of the Victorian gas assets of Santos Limited announced to the ASX on 24 October 2016 has been completed for all except the 10% interest in the Minerva asset.
Gran Tierra Energy Inc. has announced that management of Gran Tierra is evaluating a proposal relating to the company's assets in Peru.