Drilling & production

Tawke field partners have received a payment of US$31.33 million from the Kurdistan Regional Government for oil sales during August 2016.

It will take 50 years for electric cars to impact global oil demand in transport, according to Dr Mamdouh G Salameh, professor of energy economics at the ESCP Europe Business School.

The drilling programme consists of two wells and is located in the Mafia Deep basin off Tanzania.

Report predicts a rise in onshore spend through the remainder of the decade, with global expenditure increasing 10% year-on-year, reaching US$187 billion in 2020.

Victoria Oil & Gas subsidiary Gaz du Cameroun has annonuced the spudding of wells in the Logbaba Gas Field by Savannah Oil Services Cameroon.

The V. Filanovsky field is Russia’s largest oil discovery for the past twenty five years.

The company has announced that oil has been discovered within the Poolowanna Formation.

BP has reported strong financial results from the third quarter of 2016.

Complementary IPRES software brings sophisticated financial analytics to enhance recovery and improve production forecasting.

The project will be tied back to the Åsgard A oil production vessel, with planned production startup anticipated in 2019.

Comprehensive reservoir and rock analysis portfolio now available.

Complementary transaction combines GE’s oil and gas technology, manufacturing and digital platform with Baker Hughes’ oilfield services offerings and technologies

The Wall Street Journal has reported that the deal would involve merging with GE.

The new 'life of field' agreement covers the provision of operations and maintenance (O&M) services which has the potential to run until 2023.

Woodside now owns 100% of the shares in ConcoPhillips Senegal B.V.