Drilling & production

Total has signed a Memorandum of Understanding (MoU) with the Government of Oman to develop natural gas resources in Oman. This MoU covers both upstream and downstream businesses.

LUKOIL and the Basra Oil Company signed a Development Plan of West Qurna-2 field that provides for an oil production plateau of 800 000 bpd.

The Trump administration has withdrawn from the nuclear accord with Iran or Joint Comprehensive Plan of Action (JCPOA) and plans to re-impose sanctions on the country.

Serinus Energy plc has reported its financial and operating results for the three months ended March 31, 2018.

Carnarvon Petroleum Limited has provided the following update on the drilling of the Phoenix South-3.

Hemisphere Energy Corporation has provided an update on its operations and current production.

SDX Energy Inc., the North Africa focused oil and gas company, has announced that a conventional natural gas discovery has been made at its LMS-1 exploration well on the Lalla Mimouna permit in Morocco (SDX 75 %).

New clamp technology has been developed by RED Engineering to improve subsea well intervention operations.

The company has also announced the retirement of Mr Andrew Szescila from the company's Board of Directors, following more than twenty years of dedicated service to the company.

International Frontier Resources Corporation has announced that its joint venture Tonalli Energia has successfully and safely reached total depth at its first evaluation well, TEC-10, on its onshore Tecolutla block.

SDX Energy Inc. has announced that it has spud its Kelvin-1X exploration well at South Disouq, Egypt.

Comet Ridge Limited has advised that Easternwell’s Rig 101 is expected to be released from its present operations over the next several days, and begin its move to the Albany 1 location in the north-eastern Galilee Basin. 

Sub-Saharan Africa’s gas production will grow by 18% by 2021 to 9.1 billion cubic feet per day. Nigerian National Petroleum Corporation will drive Sub-Saharan Africa’s gas production with 34.2% share of all the production in 2021. Royal Dutch Shell Plc and Eni SpA follow with 10.4 and 7.8% respectively, according to GlobalData, a leading data and analytics company.

The recommended practice(RP) DNVGL-RP-E104 Wellhead fatigue analysis has now been published.

The company has raised £1 million, before expenses, through the issue of new ordinary shares of 0.1 p each in the company (Ordinary Shares) at a price of 3.25p per Ordinary Share.