Whiting will use the net proceeds from the sale to repay US$500 million of its current US$550 million bank debt. The effective and closing date of the sale is September 1, 2017.
These two drilling contracts are to be deployed in PetroChina’s CBM (coal bed methane) Blocks - Fanzhuang and Anze - within Shanxi Province and are estimated to have an aggregate value of at least US$2 million.
Gas projects in Australia and Trinidad are fourth and fifth of seven major projects start-ups BP expects in 2017.
Petrobras reports that its total oil and natural gas production in July was 2.74 million boe/d, 2.63 million boe/d of which produced in Brazil and 114 000 boe/d produced abroad.
Hyperdynamics Corporation has provided an update on the drilling status on the Fatala-1 exploration well offshore the Republic of Guinea as it nears completion of the initial portion of the well.
The company has received permission from the Oil and Gas Authority (OGA) to drill and then produce the Lidsey-X2 horizontal production well at its Lidsey production oilfield, license PL 241.
This particular ISO certification includes a strong customer focus, the motivation and implication of top management, the process approach and continual improvement.
Aker BP ASA has awarded an agreement to Odfjell Drilling for the lease of the semi-submersible drilling rig Deepsea Stavanger for a period of approximately 9 months, with commencement in February 2018.
Range has entered into a binding sale and purchase agreement to acquire certain producing assets from a wholly owned subsidiary of Trinity Exploration and Production Plc for a cash consideration of US$4.55 million.
The Waitsia-4 appraisal well reached total depth (TD) of 3744 m measured depth below rotary table (MDRT) at 15:30 hours (3.30 pm) AWST on 10 August 2017 and preparations are now being made to commence a wireline logging programme.
Zion Oil & Gas, Inc. continues active drilling operations at its Megiddo-Jezreel #1 well in Israel. The company has reached a depth of approximately 5850 ft (~1785 m) toward a proposed total depth of up to ~15 000 ft.
Comet Ridge Limited has provided an update on the field work presently occurring in and around the Mira production pilot, in the northern central part of the Mahalo Block, approximately 240 km west of Gladstone in central Queensland.
Probe Technologies Holdings, Inc., a supplier of logging and reservoir monitoring technology, has announced that Turnbridge Capital has completed a growth recapitalisation of the company alongside its experienced management team.
The Taq Taq field partners have received a gross payment of US$12.24 million from the Kurdistan Regional Government for oil sales during May 2017.
First gas has been exported from Cygnus Bravo, the satellite wellhead platform in the Southern North Sea’s Cygnus development, operated by ENGIE E&P UK Limited.