The company has announced its plan to open a new European service support centre, located in Newcastle upon Tyne, UK to deliver greater service value for clients and support anticipated growth.
The Tigana 4 development well has been tested at a rate over 3200 bpd in the Tigana oilfield.
Condor Petroleum Inc has announced that commercial oil production has commenced at the Taskuduk oilfield in Kazakhstan.
Mobilisation of the Caroil#2 rig from the Ntorya-1 wellsite is now underway.
In addition, the scope of work includes connecting the Johan Sverdrup oil pipeline to the existing storage caverns at the Mongstad terminal.
The well has now been secured with a blowout preventer around the drill string.
A planning application has been submitted to conduct further significant appraisal testing and drilling at the Horse Hill-1 (HH-1) oil discovery.
Douglas Westwood has reported that Brazil’s Congress has approved legislation that will remove state-controlled Petrobras’ obligation as sole operator on the country’s pre-salt developments.
The company believes that, the restructuring will provide the Group with a stable and sustainable capital structure, reduced cash debt service obligations and greater liquidity.
Company aims to expand beyond upstream oil and gas market.
The new plant will support Tenaris’s long-term agreement with Karachaganak Petroleum Operating (KPO), plus key operator Tengizchevroil (TCO).
Kuwait Energy holds a 60% revenue interest and is the operator of the Block 9 concession.
Mermaid has announced that AOD has secured a short-term contract extension to 31 December 2016 for this jack-up rig AOD III.
Deal provides technical expertise on pressure system, structures and subsea equipment.
Oil market highlights taken from OPEC's monthly market report for October