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.
Statoil and partners OMV and Petoro have made a small gas discovery in the Gemini North well, northeast of the Wisting discovery in the Barents Sea. The well also proved oil.
PETRONAS’ subsidiary PC Carigali Mexico Operations, S.A. de C.V., has been awarded shallow water Block 6 in the Gulf of Mexico’s Salina Basin.
Publicly traded E&Ps and service companies are entering a Q2 earnings season anticipating a slowdown across the unconventional plays.
McKinsey Energy Insights has released its latest Global Gas Market Outlook, in which the company predicts that natural gas will represent 23% – up from 22% in 2016 – of the global energy mix by 2030.
Premier Oil has provided a progress update on various drilling operations.
The Norwegian Petroleum Directorate has granted Statoil Petroleum AS a drilling permit for well 7435/12-1, cf. Section 8 of the Resource Management Regulations.
Once a production sharing contract for blocks 01 and 02 of the Cuu Long Basin expire, PC Vietnam Limited will hand the blocks over to the host authority.
The Norwegian Petroleum Directorate has granted Aker BP ASA a drilling permit for well 25/4-11, a wildcat well in production licence 677.
Two Merlin ERD engineers have received Drilling Engineering Awards from The Society of Petroleum Engineers, recognising their drilling expertise.
Faroe Petroleum has announced the conditional acquisition of a further 13.9935% interest in the Blane Field in the UK North Sea from JX Nippon Exploration and Production (UK) Limited for a total consideration of US$5.25 million.
Saipem and Petrobel have finalised offshore contract variations worth US$900 million for EPCI activities in relation to the 'Optimised Ramp Up' phase of the 'supergiant' Zohr Field Development Project situated in the Mediterranean Sea off the Egyptian coast.
Plug & abandonment (P&A) and well repair specialist HydraWell has appointed Mark Sørheim as its new chief executive officer.