Drilling & production

The collective depth of these wells is the equivalent of 25 times around the equator – or 2.5 times the distance to the moon.

The transaction is expected to close in 2H19, subject to regulatory approvals.

The agreement with INA has been extended for a further six months to 1 November 2019.

The company is currently working on a revised Plan for Development and Operations, following scheduled feedback from Ghanaian authorities.

The public inquiry will commence on 5 November 2019 with the hearing expected to last up to six days.

The company has been awarded a new contract by Evonik to deliver engineering, procurement and construction management services for the Group’s new polyamide 12 production complex.

The US said on Monday that it won’t extend the sanctions waivers for eight countries importing crude oil from Iran. The move could remove around 1.1 million bpd from the market.

The company will acquire the Havyard 832 PSV vessel Olympus through its subsidiary Wanax AS.

For the world’s fourth largest crude producer, natural gas is about to take pole position.

Daniel Rogers, Upstream Oil & Gas Analyst at GlobalData, estimates that Chrysaor will become a leader in UK oil and gas production and offers his insight on the transaction.

Company to showcase Subsurface Compressor System™ for gas wells and Magnetic Drive System™ for oil wells.

Steve Digby, SPX FLOW, UK, explains why double acting double diaphragm metering pumps are a perfect storm of benefits for offshore operators.

LiveRoute helped Shelf Drilling deploy Microsoft Azure and Office 365 to become an agile and scalable cloud-based organisation.

BP and partners have taken a final investment decision (FID) on the Azeri Central East (ACE) platform, the latest phase at Azerbaijan's super-giant Azeri-Chirag-Guneshli (ACG) oilfield. The US$6 billion project will be one of the biggest upstream FIDs of the year.

The oilfield services provider recorded revenue of US$7.9 billion in 1Q19, a decrease of 4% sequentially but a 1% increase y/y.