Drilling & production

The agreement will see the company acquire a 50% operated interest in UKCS Licence P.2243 from Zennor North Sea.

AWE Limited has divest its 57.5% interest in the Tui Area Oil Fields to Tamarind Management Sdn Bhd.

The companies have agreed to amend the existing long-term contracts on three ultra-deepwater drillships. In the current, challenging environment for offshore exploration and production projects, the agreements offer benefits for both parties.

The acquisition of Essential's service rig business expands Precision's leading well service position.

PT RINA Indonesia, in consortium with PT Depriwangga, has been awarded two contracts to provide Quality Assurance services for offshore and onshore projects in Indonesia.

Eni has agreed to sell to Rosneft a 30% participating interest in the Shourouk Concession, offshore Egypt, where the supergiant gas field Zohr is located.

Following the ‘Vienna Agreement’ on 30th November, 2016, Ministers from OPEC met with a number of Ministers from non-OPEC oil producing countries on Saturday, 10th December, at the OPEC Secretariat in Vienna.

The managing executer of phase 19 of South Pars reported of the increase in the phase gas production and stated that with the operationalisation of 19A platform, the daily gas extraction of the phase from the South Pars would be increased to 42 million cubic meters per day.

The appointment remains subject to the approval of the Oil and Gas Authority.

The company has submitted the Blythe Field Development Plan in draft format to the Oil and Gas Authority.

The company has provided an update on plans to recommence production drilling at the Goudron Field in Trinidad following confirmation of the refinancing of the company's loan facility.

AWE Limited has reported that the Waitsia Joint Venture has made strong progress in its preparations for Stage 2 of the Waitsia gas project.

Spencer Linsell demonstrates that for innovation to become the norm, a collaborative, industry-wide approach will be key.

The company has achieved the retrieval of a slim-line cable deployed electrical submersible pump (ESP), under live well conditions.

World energy giants highlight event’s continuing international appeal.