Drilling & production - 12 May 2016

The exchange has posted an 11% increase in trading volumes till date in 2016.

As of April 2016, over 50 000 cylinder drain oils samples have been analysed via Shell’s Rapid Lubricants Analysis (RLA) service.

Following the successful results of the MD 250 well in Trinidad, the company has decided to drill a follow up development well from the same drilling pad.

BP confirmed production ramp up from the Nidoco North 1X exploration well and the Nidoco North West 4 development well in the Nooros field.

Five new Business Partner agreements have been organized with Uni-One in Taiwan, ISL in China, Oceanpixel in the Philippines, PT Indonesia in Indonesia and DKHG in Vietnam.

Statoil annual general meeting approves dividend of US$0.2201 per share for 1Q2015 and two yr scrip programme.

Master Rig International (MRI) has reported the installation of a top drive dynamometer at their Houston, Texas, headquarters.

The Type CB and CC Wellhead Outlets provide solutions to the demands of high technical specifications and the rippling effect of the low oil price.

The contract will support Wintershall’s exploration and development projects in Norway.

BP has confirmed production ramp up from the Nidoco North 1X exploration well and the Nidoco North West 4 development well in the Nooros field.

The company has announced is that production has now started from a new interval in well GY-50 at the Goudron Field in Trinidad.