Drilling & production

The company significantly outperformed its initial US$2 billion target for 2016 and delivered a clean CCS EBITDA of US$2.15 billion, which is only moderately down compared with the previous year.

ABS has expanded its subsea services team to deliver specialised validation and verification services for subsea systems, including subsea hardware, flowlines, umbilicals, and risers.

Total has signed an agreement for the sale of stakes and the transfer of operatorship in various mature assets in Gabon to Perenco. The transaction is subject to approval by the authorities.

LGO can confirm that Rig#18 has now been successfully mobilised to the Goudron Field where it has been contracted to drill at least two infill wells to the Mayaro Sandstone reservoir.

Roxi, the Central Asian oil and gas company, with a focus on Kazakhstan, has announced that it will be posting to Shareholders a Circular regarding a proposed merger in respect of the Company's Eragon Assets.

Noble Energy, Inc. has announced that it has sanctioned the first phase of the Leviathan natural gas project offshore Israel, with first gas targeted for the end of 2019.

Lundin Norway AS, operator of production licence 533, has completed the drilling of wildcat well 7219/12-1 and appraisal well 7219/12-1 A (Filicudi). The well proved oil and gas.

INPEX CORPORATION has announced that it has succeeded in discovering deposits of quality oil through the drilling of an exploration well at the onshore Exploration Block 10 (the block) in the Republic of Iraq, in which it holds a 40% participating interest through INPEX South Iraq, Ltd., a subsidiary.

Craig International has signed a global agreement with energy major, Shell to provide services for equipment stock resale.

DNV GL, the multinational provider of risk management services, is further developing its consultancy services to address key industry challenges such as enhancing safety, efficiency and performance.

iSURVEY has secured a non exclusive call-off contract with Shell UK Ltd, Shell NAM, Norske Shell and Shell E&P Ireland for the provision of rig positioning and surveying services.

UK-based start-up Rovco has taken its firsts steps into international waters and made significant progress towards growing its global footprint following the completion of two subsea survey contracts in Southeast Asia and the Middle East.

Now in its fourth year, ITF’s Technology Showcase has become a key fixture in the oil and gas events calendar in Aberdeen.

BP group chief executive Bob Dudley will underline the value of the North Sea in the oil major’s global portfolio when he leads the opening plenary session at SPE Offshore Europe 2017 being held in Aberdeen from 5 - 8 September 2017.

President Energy, the oil and gas exploration company, has provided an update on its Argentina operations.