Drilling & production

The company has reported a positive year in 2016, including a recruitment drive resulting from increased activity both internationally and in the North Sea.

Cyngus is expected to contribute 5% of UK gas production.

READ Cased Hole is an independent specialised provider of production logging and well integrity evaluation services with a 25-year track record from analysing wellbore data.

The new production phase adds to the company's continually growing E&P portfolio.

Chariot Oil & Gas Limited, the Atlantic margins focused oil and gas exploration company, has provided a pre-close operational update prior to its year end 31 December.

US crude oil proved reserves declined by 4.7 billion bbls and natural gas proved reserves declined by 64.5 trillion cubic feet.

Following this transaction, Athabasca will take over operatorship of Leismer and Corner and Statoil will no longer operate any oilsands assets.

OMV has completed the sale of a 49% minority stake in Gas Connect Austria GmbH to the consortium composed of Allianz, Europe’s largest insurer, and Snam, one of Europe’s leading gas infrastructure players.

The Oman Ministry of Oil & Gas has announced that bidding for the 2016 licensing round is now underway. Using a new online service, interested parties are now able to access and evaluate data relating to all four blocks online.

International engineering and operations support services contractor ODE, a part of the DORIS Group, was recently named as a key contributor to a new industry working group.

Higher drilling efficiency has enabled Maersk Oil to reduce development costs on the Culzean HPHT gas project by US$500 million.

The execution of the Basic Agreement was approved in a meeting of the OMV Supervisory Board on 14 December, but is still subject to signing of the Basic Agreement by the parties. The signing is expected to take place during the course of the day.

Petsec Energy has released a preliminary schedule for the development of the Hummer Project at Main Pass Blocks 270/273/274 offshore Louisiana.

Findlay Moir, Underwater Engineering Services, UK, explains how efficiency is being maximised across the decommissioning arena.

Lokring Northern, provider of advanced fluid and gas transfer connectors, has announced the expansion of its Aberdeen office to accommodate company growth and increasing staff numbers.