Drilling & production

Premier has announced that the Zama-1 exploration well in Block 7 (Premier equity 25%) in the shallow water Sureste Basin, offshore Mexico, was spudded at 0630 on 21 May 2017.

Triangle has jointly (50/50) completed a Share Purchase Agreement (SPA) with Royal Energy Pty Ltd to acquire the 42.5% balance of the Cliff Head oilfield and associated production facilities from Roc Oil Company Limited.

Oil prices could touch highs last seen in April when the Organisation of the Petroleum Exporting Countries (Opec) convenes its next meeting in Vienna on 25 May, WisdomTree’s Nizam Hamid has said.

Vitol has announced that oil production has commenced on the Sankofa Oil and Gas Project, which is developing the Sankofa and Gye Nyame group of fields, approximately 60 km offshore Ghana.

The global land drilling rig market has been through a tough downturn characterised by an inward focus through the supply chain on survival.

Schlumberger has signed a memorandum of understanding with Saudi Aramco to develop an In-Kingdom Total Value Add roadmap, in alignment with the Kingdom’s economic vision for 2030.

Halliburton Co. has launched drilling operations in the Zhuravlinaya area of the Vostochno-Taimyrsky license block for LUKOIL.

The rig was named Heydar Aliyev at a ceremony in Azerbaijan by the President of Azerbaijan, Ilham Aliyev.

Aker BP has received consent to use Mærsk Invincible for plugging wells at Valhall.

Tullow Oil plc has announced that the Emekuya-1 well in Block 13T, Northern Kenya has encountered around 75 m of net oil pay in two zones.

The Oil & Gas Technology Centre’s Technology Zone at SPE Offshore Europe 2017 will present a series of technologies used in alternative sectors to encourage the oil and gas industry to think differently about the adoption of new products.

Tendeka, a provider of Oil & Gas completion systems has been awarded additional work scope with Statoil Petroleum in Norway.

The agreement was signed in Sochi in the presence of the President of the Russian Federation, Vladimir Putin, and the Italian Prime Minister, Paolo Gentiloni.

2H Offshore has launched of the STREAM (STeel Riser Enhanced Analytics using Measurements) joint industry project.

Simark Controls Ltd has received a major follow-up order for their proprietary Variable Frequency Drive systems (VFDs) from an Alberta Oil Producer.