Drilling & production

Tamarind, based in Kuala Lumpur, Malaysia, will pay New Zealand Oil & Gas US$750 000 in exchange for all shares in its Tui holding company, Stewart Petroleum.

The EIA’s Annual Energy Outlook 2017 Reference case projects that US tight oil production will increase to more than 6 million bpd in the coming decade, making up most of total US oil production.

The facility supports managed pressure drilling operations in the North Sea.

LGO has confirmed that final approval was granted by the Forestry Department on Friday, 10 February 2017, to cut trees in order to clear the well sites for the impending two shallow infill wells at the Goudron Field in eastern Trinidad.

ExxonMobil has awarded to Pason Systems, Inc. the first global license of its Drilling Advisory System™, a key component of the company’s Fast Drill™ technology suite.

The contacts have a total value, included options, of NOK 2.7 billion. The vessels will be part of Statoil’s area-wide emergency response on the Norwegian continental shelf (NCS).

Genel Energy plc has announced that it has finalised documentation of previously agreed terms of Amended and Restated PSCs and gas lifting agreements for both the Miran and Bina Bawi gas fields.

Lundin Petroleum AB has announced that its wholly owned subsidiary Lundin Norway AS has made an oil and gas discovery in the main well 7219/12-1 and is presently drilling a sidetrack 7219/12-1A on the Filicudi prospect.

TransCoil rigless-deployed ESP expands the operating envelope and improves reliability versus existing alternative deployment systems

The company has won a bankruptcy auction to acquire the acres, including drilling rights on 44 100 net acres in the Utica and current natural gas production of approximately 80 million ft3 per day, from Stone Energy Corp.

The company has announced that the Board has approved expenditure of US$2.2 billion for its share of the development of the Mad Dog Phase 2 project in the Gulf of Mexico.

Samoco Oil Tools, a developer of tools for the oil and gas industry, has announced the launch of OneTrip to greatly reduce the time and costs associated with mandatory blowout prevention (BOP) testing.

Rystad Energy forecasts projects holding 512 million boe of recoverable liquids and gas resources could potentially reach final investment decisions (FIDs) within Australia & South East Asia during 2017.

Halliburton has announced the release of the Dash® Large Bore Subsea Safety System, which provides full electrohydraulic control of well safety and intervention functions.

The FPSO shall operate in Sankofa-Gye Nyame field in the Tano Basin, in Ghana’s offshore, for the Offshore Cape Three Points (OCTP) project.