Drilling & production

According to Brand Finance, Shell remains the world’s most valuable oil and gas brand with a brand value of US$37 billion, up from US$31.6 billion last year.

On 9 January 2017, Tullow Oil plc announced that it had agreed to farm-down 21.57% of its 33.33% interests in Exploration Areas 1, 1A, 2 and 3A in Uganda to Total E&P Uganda B.V. (Total) for a total consideration of US$900 million.

Petroleum Development Oman (PDO) decided to extend the framework contract for engineering and maintenance services, with joint venture STS-Tebodin, in Oman by 3 years. The contract now runs until 2021.

Aker Solutions will provide design engineering for the upgrading of the semi-submersible Njord A platform in Norway.

The scope of work includes integrated supply base operations management, logistics control planning and pipe yard operations.

Global Tubing, LLC has launched DURACOIL™. DURACOIL’s improved tubing fatigue life, predictability and resistance to abrasion minimises downtime due to pipe failures.

In the first two months of 2017 OPEC members have demonstrated an unprecedented level of compliance with the production cuts agreed in late 2016.

Energean Oil & Gas has announced that it has signed an exploration and production concession contract with the State of Montenegro covering offshore blocks 4219-26 and 4218-30, following approval from the Parliament of Montenegro.

Samoco Oil Tools, a developer of tools for the oil and gas industry, is has announced that the OneTrip® Universal BOP Test Tool has been recognised in the OTC Spotlight On New Technology® Awards.

Professor Paul de Leeuw, Director of the Oil & Gas Institute at Aberdeen's Robert Gordon University, examines the impact of the UK's decision to leave the EU and what this means for the country's oil and gas industry.

Total has started up production from the Moho Nord deep offshore project, located 75 km offshore Pointe-Noire in the Republic of the Congo. Operated by the Group, the project has a production capacity of 100 000 boe/d.

SIMMONS EDECO, supplier of wellhead and valve maintenance, asset integrity solutions and onshore drilling services, has announced that it has entered into a framework agreement with EDF Energy to maintain its Gas Storage facilities in Cheshire, England.

TerrAdapt bit adjusts to downhole conditions autonomously to enable smoother, faster drilling and extend tool life.

Based on the proven and seasoned NG-2500X and NG-1800X designs, the NG-5500X-LD is a solution for light drilling and well intervention in a large number of mature fields in the Southern North Sea, Middle East and South East Asia.

Wood Group has won two separate contracts related to BP’s Mad Dog 2 project providing engineering services to further develop deepwater production.