Drilling & production

EnQuest PLC has announced that it is holding discussions with Delek Group Ltd for the sale by EnQuest to one of Delek’s subsidiaries of an interest in the Kraken development.

BP predicts it will take an after-tax non-operating charge of around US$2.5 billion in its 2Q16 results.

Mott MacDonald will deliver design and detailed engineering of the RHMs for the incoming lines from wellheads to gathering centres.

Analysis from IHS Market shows break-even costs to develop these projects much lower and infrastructure is already in place; ‘sleeper’ plays also identified.

Fugro has been awarded a geotechnical site investigation contract by ONGC India for the KG-DWN-98/2 project on the East Coast of India.

According to Douglas-Westwood’s World Land Drilling Rig Market Forecast, a recovery in commodity prices and an increase in drilling activity will prompt market growth in 2017.

Jacobs Engineering Group Inc. announced it received a 3 year contract from Saudi International Petrochemical Co.

Subsea production and boosting technology for Greater Enfield Project, offshore northwest Australia.

The API has applauded the House of Representatives for passing H.R. 5538, the Fiscal Year 2017 Department of the Interior, Environment, and Related Agencies Appropriations Act.

Production from the B3 platform will allow Marathon Oil to convert approximately 130 million boe of proved undeveloped reserves.

LUKOIL Marine Lubricants has opened a new branch office in Hong Kong.

Under the terms of the agreement, Woodside is to acquire 100% of ConcoPhillips’ shares for a purchase price of US$350 million.

AFGlobal Corp. has agreed to acquire Managed Pressure Operations (MPO), a subsidiary of MHWirth.

Global oil supplies rose by 600 000 bpd in June, to 96 million bpd, after outages curbed OPEC and non-OPEC supplies in May.

Essar’s Raniganj (East) Block has become India’s first coal bed methane asset to cross the one million metres cubed per day production milestone.