Drilling & production - 24 May 2016

DNO ASA has reported that the Hayah-1 exploration well in Oman's onshore Block 36 failed to encounter hydrocarbons.

In the 23rd licensing round, the Norwegian Ministry of Petroleum and Energy has offered DEA Norge two new licences in the Barents Sea.

The evergreen master services agreement will support the lifecycles of Wood Group’s offshore and onshore facilities.

DNO ASA has announced the Hayah-1 exploration well is to be plugged and abandoned.

Rangeford Resources Inc. has announced the appointment of Marc L. Duncan as the company’s new President and Chief Operating Officer.

Novinium has reported the hiring of Jon Engman as Chief Financial Officer.

The global offshore drilling rig industry is expected to grow from an estimated US$65.77 billion in 2014 to US$102.47 billion by 2019.

The well, located south of the Brage oilfield, will target the Jurassic aged sandstones in the Early Jurassic Statfjord Formation.

West Virginia Electric has welcomed Jerry Karr as Executive Vice President to the company.