Faced with declining government revenues from the oil and gas sector after the oil price crash and looking to diversify its economy, Saudi Arabia is reportedly planning to list 5% of its state-owned oil giant, Saudi Aramco, in an Initial Public Offering (IPO) in late 2018.
West Sussex County Council have now approved details under the provision of the planning consent for the proposed drilling of the second well, the new Lidsey-X2 onshore production well at the Lidsey oilfield (PL241) near Bognor Regis in the south of the UK.
Tendeka has secured a two-year contract with a Malaysian Operator for the provision of Tendeka’s FloSure Elite Sand Screens with FloSure™ Autonomous Inflow Control Devices (AICDs).
Gazprom's interests in Bangladesh are represented by Gazprom International, a specialised company aimed at implementing oil and gas projects outside Russia.
Gas discovery at initial target depth, drilling continues to lower horizon.
Total’s Moho Nord project is a deepwater exploration and production development, located 46 miles off the city of Pointe-Noire in the Republic of the Congo.
Mahalo JV unanimously approves 2017 joint venture exploration work programme and budget.
Wood Group has been awarded a new three year contract valued at US$8 million to deliver process automation engineering services to TPC Group, a leading producer of value-added products derived from C4 hydrocarbons.
The Board of Ascent Resources plc , the European focused oil & gas exploration and production company reports that commercial production has commenced from well Pg-10.
Po Valley Energy has announced that its 65% owned AIM-listed subsidiary, Saffron Energy has received the final approval from the Italian Ministry of Economic Development (UNMIG) for gas production at the Bezzecca gas field.
Chief Executive Officer, Tony O'reilly, comments on the company's progress in 2016 and drilling plans for 2017.
Black Sea Oil & Gas SRL has announced the awarding of a contract for the drilling of two offshore exploration wells located in the XV Midia Shallow Block, Romanian Black Sea continental shelf, to GSP Offshore SRL.
Aker BP ASA is the operator of production licence 442 in the North Sea. Aker BP has made a discovery in a prospect named Frigg Gamma Delta, around 20 km east of the Frigg field.
Despite the low cycle that the market is facing, a total of 30 crude and natural gas projects are expected to start operations in the North Sea by 2020.
Savannah Petroleum PLC has provided an update on its upcoming drilling campaign in Niger.