Drilling & production

Jonathan Markham, Oil & Gas Analyst at GlobalData, offers his view on the key aspects of this transaction.

In February, US crude oil production exceeded that of Saudi Arabia for the first time in more than two decades. In June and August, the US surpassed Russia in crude oil production for the first time since February 1999.

The company has announced that its Mexican subsidiary, IEnova has signed a long-term contract with British Petroleum for the remaining 50% of the initial capacity of the proposed Baja Refinados liquid fuels marine terminal in Baja California, Mexico.

The company has successfully supplied three ProSalt™ units to Equinor for the Johan Castberg field development project.

The company has been awarded a 2017 American Equity Underwriters, Inc. Safety Award for its strong commitment to safety in the workplace.

The parties have agreed to continue negotiations on an exclusive basis, with a view to forming a strategic partnership.

The company has announced that the fifth well in its current Niger drilling campaign was spudded on 8 September 2018.

Senex Energy Limited and GLNG have agreed separate gas sales arrangements to progress an initial development area of the Western Surat Gas Project (Roma North), paving the way for a Final Investment Decision of an initial 16 TJ/d gas development, with expansion potential.

The Norwegian Petroleum Directorate has granted Equinor Energy AS a drilling permit for well 6407/11-1, cf. Section 15 of the Resource Management Regulations.

Zohr is now producing 2 billion ft³d only a few months after the first gas in December 2017 and 1 year before the schedule of the PoD.

Tamarama-2 and Tamarama-3 incorporate new well designs to enable enhanced productivity through better alignment between the hydraulic fracture and the wellbore.

The contracts will see the company delivering a range of specialist services to support exploration and production operations in Trinidad and Tobago and the Gulf of Mexico.

The company’s scope will include the provision of engineering, design activities and project support services for the development of the Mishrif and Yamama formations of the West Qurna 2 oilfield.

Russia is set to reap record ruble revenues from the upstream oil and gas sector over the next six years, according to GlobalData.

Block Energy Plc has announced the execution of a non-binding Memorandum of Understanding (‘MOU’) with Georgia-based drilling contractor, JSC Norio Oil Company (‘NOC’), for the provision of a drilling and a workover rig.