Among Corallian’s joint venture partners, Andalas Energy and Power represent the best leverage play for the Colter prospects with its 8% interest.
Drilling & production
Entering into 2019, the global oil and gas industry remains cautiously optimistic as recovering oil prices have boosted companies’ profits and a rebound in new projects is expected.
Single-plane, three-charge system is up to 3.5 times shorter than traditional perforating guns, enhancing well-completion flexibility and operational efficiencies.
The US was undoubtedly the ‘most valuable player’ of 2018 global oil and gas M&A activity, accounting for more than two thirds of the total oil and gas deal value – a record high share – according to a new report by Deloitte.
During the December quarter, Triangle Energy (Global) Limited (Triangle, the Company) delivered a 93% increase in production over the previous quarter.
Paradigm Drilling Services (PDS) part of The Paradigm Group; a set of global Dutch innovation and technology companies, for the upstream oil and gas industry, has rebranded its entire suite of drilling tools.
The agreement is for two firm wells plus two contingent wells, with the contingent wells dependent upon evaluation of the Koburra 2D seismic programme.
Rystad Energy analyst Paola Rodriguez-Masiu comments on the sanctions announced by the US against Venezuelan state oil company PDVSA
Bedrock Automation has announced that Temblor Petroleum is implementing Bedrock Open Secure Automation (OSA) for a cloud-based wellhead control and data-sharing application.
Rotork IQ intelligent electric valve actuators are recognised for being technically advanced, robust, reliable and user-friendly. These qualities have now been further enhanced with the option of a bespoke plug and socket electrical connection.
Jadestone Energy Inc. is pleased to provide an update on production and hedging for the Montara asset, located offshore Australia (Jadestone 100%).
The company’s wholly-owned subsidiary Lundin Norway AS has entered into an agreement with Lime Petroleum AS to acquire its entire Utsira High acreage position covering the Rolvsnes and Goddo basement area.
Aberdeen-based energy services firm, Ardyne Technologies, is set to enter a new phase of growth after receiving a major funding package from Clydesdale and Yorkshire Bank.
Europa has a 30% working interest in licence PEDL 180 in the East Midlands which holds the Wressle oil discovery, alongside Egdon (operator, 30%), Union Jack Oil (27.5%), and Humber Oil & Gas Limited (12.5%).