Drilling & production

The transaction has been found to be fair and reasonable.

In addition to the merger, renowned Norwegian industrial investment company Holta Invest AS has announced that it will become a significant shareholder in Optime Subsea Services.

The PSA has given Statoil consent to drill four survey wells in order to obtain information about the reservoir conditions in the field.

ADC Virtual Academy has announced its acclaimed online training is to be incorporated into the University of Aberdeen Masters of Science degree in Petroleum Engineering curriculum.

Deal includes manufacturing assets for nonene, tetramer, and other propylene derivatives.

BP decided that the drilling programme was unlikely to add value to its upstream portfolio in the near term.

The international rig count for September 2016 is down three from August 2016.

Douglas Westwood’s Q3 World Oilfield Equipment Market Forecast highlights the strong growth potential of the onshore oilfield equipment (OFE) sector through 2016 - 2020.

More than 100 000 oil and gas professionals from 125 countries are gearing up to attend ADIPEC 2016.

Zion will use DAFORA’s F-400 drilling rig for operations on the Megiddo-Jezreel #1 well in Israel.

Without higher oil prices, many new projects are thought to be uneconomic. Or are they?

Suncor will gain a 30% interest in the North Sea Rosebank project from OMV.

Torchlight and their operating partner, Maverick Oil and Gas, drilled, logged, cored and set pipe on the Flying B Ranch #1 well in late July.

Tendrara's TE-7 well has been successfully drilled.

Seabed Geosolutions, in cooperation with CGG, secured a new extension to its ongoing shallow water operations in the U.A.E.