“In a low-carbon future, we need oil & gas producers who can deliver energy at low cost, with low emissions. Therefore, the NCS will become even more attractive and important,” says Statoil CEO Eldar Sætre.
Company also introduces integrated radio and controller for oil and gas production.
The well will test the potential of the deep carboniferous age horizon reservoir.
Total's successful bids in three blocks will add to the company's high grade exploration portfolio.
Statoil has been awarded blocks 1 and 3 in the Saline Basin in the Deepwater exploration tender in the Mexican Round 1.
Aminex has confirmed that an independent inspection of the Caroil 2 drilling rig has now been completed in Tanzania
Range Resources has announced that the QUN development well in Trinidad has been successfully drilled to total depth.
Petroperu awarded a 75% working interest in and operatorship of the Morona Block to GeoPark.
Production drilling has started on the Statoil operated Mariner field in the UK North Sea.
Operators are preparing for a stronger market in 2017.
US$9 billion project will bring second platform to the super-giant Mad Dog field at less than half of original cost.
A certification from DNV GL documents Caterpillar’s commitment to quality, consistency, continual improvement and customer satisfaction.
Rystad Energy expects that global liquid production to remain at current levels into next year. At the same time, demand is expected to grow by around 1.3 million bpd.
The landmark decision of OPEC and Russia to cut output has sparked a surge in oil prices and trading volumes.
Jacobs is to deliver a front-end engineering and design package and detailed engineering for the Vito host platform topsides.