Skip to main content

Drilling & production - 24 January 2018

ExxonMobil named 2017 explorer of the year by World Oil and Gas council

Throughout the year, ExxonMobil has announced a number of discoveries, acquisitions and exploration activities in various countries, including Brazil, Cyprus, Equatorial Guinea, Guyana, Mauritania, Papua New Guinea, Suriname and in the United State's Gulf of Mexico.


SDX Energy Inc. discovers gas in ONZ-7 well in Morocco

The ONZ-7 well was drilled to a total depth of 1167 m with five m of net conventional natural gas pay in the Hoot formation. The well came in on prognosis but reservoir quality exceeded initial expectations, encountering porosity in the pay section of 35.3%.


Halliburton announces 4Q17 results

Halliburton has reported a loss from continuing operations of US$805 million for 4Q17, which it believes are a reflection of charges related to US tax reform and Venezuela receivables.


NOVATEK announces year-end 2017 reserves

Independent petroleum engineers, DeGolyer & MacNaughton, have completed their comprehensive reserve appraisal of the Company’s hydrocarbon reserves as of 31 December 2017.


VesselsValue: jack up values increase 36% in one year

Rising oil prices have drawn more eyes to the offshore markets. There are signs of green shoots after a period of depressed sentiment that started in late 2014, pushing asset values downwards through 2016.


Petrofac secures key North Sea contract

Petrofac’s Engineering and Production Services (EPS) division has been awarded a new Offshore Manning Services contract by Chevron North Sea Limited (Chevron).