Drilling & production

Enbridge Energy Partners LP has announced that the board of directors of the delegate of the Partnership's general partner has declared a quarterly cash distribution of US$0.583 per unit.

Baker Hughes has announced their results for the second quarter and first half of the year for 2016.

Natural gas stripper wells are characterised as producing no more than 90 000 ft3/d over a 12 month period.

This discovery further enhances Shell’s deepwater position.

Songa Enabler has commenced drilling operations on 29 July 2016 in the Barents Sea.

The group, which will have a combined turnover of over £100 million, will operate from bases in the UK, Netherlands, Caspian, Singapore, Australia and the US.

Statoil has acquired an operated interest in a Brazilian offshore licence containing a substantial part of the Carcará pre-salt oil discovery.

Collaboration to combine IBM Advanced Analytics, IoT Capabilities, and the IBM Cloud with Weatherford production software.

The WAVE-4 personnel carrier for standing passengers offers fall prevention, impact protection and has floating and self-righting capabilities.

Cooper Energy’s sale of its 55% interest in the Tangai- Sukananti KSO, South Sumatra Basin is expected to occur after the 29 July.

Incremental production is estimated at around 2000 boe/d in H2 2016 on average and it is expected to further increase in 2017.

In addition, the company has reported successful results from the Shenandoah #5 appraisal well.

Schlumberger has agreed to fund €7.5 million of services on the forthcoming Badile well.

The company is also on track for higher profitability in H1 2016.

Total captured the benefit of the recovery in oil prices since the start of the year, and adjusted net income rose to US$2.2 billion in the second quarter of 2016.