TAG Oil Ltd. has provided a positive update on its Pukatea-1 exploration well, which was spudded on January 24, 2018. The Pukatea-1 well is located in TAG Oil’s operated Puka permit (PEP 51135, 70% TAG Oil) in the Taranaki Basin of New Zealand.
DEA Deutsche Erdoel AG announces a significant increase of production from its oil fields in the Gulf of Suez and from the Disouq gas fields in the Onshore Nile Delta. The next phase of the West Nile Delta (WND) development is intended to contribute to the company's target. DEA plans to invest about US$500 million in Egypt during the coming three years.
The company will deliver two modules for water and chemical injection from its yard in Egersund on the west coast of Norway, while its facility in Sandnessjøen in northern Norway will supply smaller modules and a flare boom.
SDX Energy Inc., the North Africa focused oil and gas company, has provided an operations update.
Mayan, the AIM listed oil and gas company, has announced the initiation of production at the Gilbreath #19 well at Forest Hill Field, Wood County, Texas and the Morris #1 well at Stockdale Field, Wilson County, Texas.
Russian and Norwegian gas exports to Europe (including Turkey) reached 194 billion m3 and 122 billion m3, respectively, in 2017.
Spending is predicted to top in 2021, at US$20.5 billion, according to GlobalData.