Drilling & production - 16 May 2014

AspenTech looks at ways to characterise and analyse crude assay data with breakthrough technology.

A selection of stories from this week’s upstream oil and gas news.

Tesco Corporation has signed a definitive agreement with Tech Field Services Inc. (TFS) to acquire the company’s assets.

Preliminary production figures for April 2014 indicate an average daily production of approximately 1 918 000 bbls of oil, NGL and condensate.

The annual conference provides a worldwide platform for industry, business and academia to network and share ideas, research and cutting edge technology.

Statoil is divesting its interest in the ENI-operated block 15/06 offshore Angola.

The update includes: new contracts, significant changes to existing contracts and changes in estimated out-of-services time.

A new spar platform being built for Statoil's Aasta Hansteen field off the coast of Norway will feature Wärtsilä's Inert Gas and Nitrogen Generator systems.

A new report from AFPM shows that Bakken crude characteristics are well within safety standards for current rail car design.

The International Energy Agency has released its oil market report for May.

A new survey from Hays and Oilandgas JobsSearch has revealed statistics regarding global oil and gas salaries for 2013 with outlooks for 2014.

The oil and gas accumulators market will be worth US$ 1.31 billion by 2018, growing from an estimated US$ 0.78 billion in 2013.

The consortium developing the giant Kashagan oilfield will have to replace the entire pipeline system at the deposit.