Drilling & production - 21 July 2016

The two-well field is ramping up and is anticipated to reach a minimum gross production of 20 000 boe/d.

CEO Peter Coleman said that the business was performing well in a challenging external environment.

Yann Helle will replace Tim Eyles, who is moving to the role of vice president with parent company Acteon.

The company’s results indicate significant efficiency improvements.

The appointment of Vestigo is in line with Petronas’ objective to extend the economic life of the field.

The numbers of women in STEM careers are significantly lower across the globe, and expanding the talent pool is critical to the energy sector.

The report shows that crude oil, LNG and LPG tanker industries are planning for expansion with 12 announcements in 1H16.

The Indonesian government has announced its intentions to increase its strategic petroleum reserves in case of an energy crisis.

Water Midstream Partners announces the completion of its commercial saltwater pipeline extension in Midland County, Texas.

Saudi Aramco President and CEO, Amin H. Nasser, presided over a signing ceremony of the Fadhili gas project.

The Leiv Eiriksson drilling rig has been contracted for three firm well slots with an additional six optional well slots.