Drilling & production

Oil and gas production on the Norwegian shelf is high. The adjustment process has been extensive, but the cost reductions implemented by the industry will lay the foundation for profitable activity for many years to come

The company has issued a statement to summarise recent operational activities and to provide trading guidance in respect of the financial year to 31 December 2016.

Wood Group has secured a five year, framework agreement to provide engineering and project management services to Saudi Aramco’s onshore capital programmes.

Cooper Energy reports the acquisition of the Victorian gas assets of Santos Limited announced to the ASX on 24 October 2016 has been completed for all except the 10% interest in the Minerva asset.

Gran Tierra Energy Inc. has announced that management of Gran Tierra is evaluating a proposal relating to the company's assets in Peru.

Total to drill one of E&P industry’s most critical wells in 2017, as interest grows in region

Proserv and SapuraKencana Technology Sdn Bhd (SK Technology) are joining forces to provide enhanced technology services to clients in Asia Pacific.

Polarcus Ltd has announced that the company has received a letter of intent for a broadband 3D marine seismic acquisition project offshore West Africa.

Seatronics has formed a new partnership agreement with Force Technology, an international technological consultancy company.

In partnership with ESNAAD-PJS, TWMA has celebrated reaching one million incident free man hours on the ZADCO UZ750 project in Abu Dhabi.

Encana delivered strong performance in the fourth quarter of 2016, and the company now expects that its 2017 plan will exceed forecasts previously shared at its Investor Day in October 2016.

Valhall and Hod have passed one billion barrels of oil equivalents (oil, gas and NGL) produced – thus more than three times what was expected at the opening of the field in 1982.

The contract will cover the engineering, procurement, construction and installation (EPCI) of four jackets and three gas observation platforms offshore Saudi Arabia. The total weight of all structures combined is 11 595 t.

Sound Energy has confirmed that: ground works at the well site are now complete; the conductor pipe was set last week ; and the 3000 HP EMSCO C3 rig, owned by Pergemine S.p.A, has been mobilised.

Cub Energy Inc. has announced that its wholly-owned subsidiary, Tysagaz LLC, has been granted a new production licence with additional acreage in western Ukraine.