Drilling & production

The Ntorya-2 well has been drilled with results ahead of expectations with 25 - 30 m net gas column.

GeoPark Limited has announced new drilling successes in the Llanos 34 Block (GeoPark operated with a 45% working interest), in Colombia.

Ocean Installer has recently completed the very first permanent subsea installation at the Johan Sverdrup field, marking the kick-off of the Johan Sverdrup offshore work.

Two years after Valemon came on stream Statoil has made a new gas discovery on the field, called Valemon West. The discovery is estimated to contain between 20 and 50 million boe.

British subsea companies are expecting to increase overseas activity in the next 12 months, according to a survey conducted by industry body, Subsea UK.

Flexitallic, the global leader in static sealing solutions, has unveiled its latest technology innovation, Corriculite, for use in corrosion sensitive applications, including those prevalent in the offshore industry.

Oceaneering International, Inc. announced that one of its subsidiaries has been awarded a technology development contract by Statoil Petroleum AS.

Harbour Energy Ltd has announced it has agreed to lead the acquisition by Chrysaor Holdings Ltd of a well-diversified portfolio of oil and natural gas assets from Shell UK Ltd.

Cornerstone Completion Services (CCS), a recently-launched division of Wellsite Fishing and Rental Services, LLC has appointed David R. Reynolds as its new business development and advisory manager.

GE has announced new innovative agreements including a landmark technology cooperation agreement, contracts for subsea trees and wellheads, and a new Predix-enabled digital solution for equipment monitoring.

Chrysaor Holdings Limited, the UK oil and gas independent, is to acquire a package of assets in the UK North Sea from Shell UK Limited and its affiliates for a price of US$3.0 billion.

NEL, the flow measurement R&D specialist, has been selected to lead the development of a new multiphase flow measurement standard for the oil and gas industry.

Chevron has reported earnings of US$415 million for Q4 2016, compared with a loss of US$588 million in Q4 2015.

Egdon Resources plc has announced that it has now completed the acquisition of an additional interest in PEDL201 in the Company’s East Midlands core area.

Lundin has received consent to carry out exploration drilling of well 16/1-27 on the Edvard Grieg field.