Drilling & production

Indian Oil Corp. Ltd, Oil India Ltd and Bharat PetroResources Ltd have signed the definitive agreement to acquire up to 23.9% shares from Rosneft.

Essar's Raniganj block has become India's first coal bed methane asset to cross the 1 million mpd production milestone.

Energy Revenue America Inc. has announced plans to reopen existing wells and drill new wells in the summer of 2016.

The companies have entered a MoU to provide integrated diving and ROV solutions in the Gulf of Mexico.

ABB and Industry Technology Facilitator (ITF) are launching an industry project to reduce OPEX spend during late life and decommissioning phases.

Otto Energy has announced the successful farm out of a 25% participating interest in the upcoming Kito-1 Well in Kilosa-Kilombero Licence.

The Norwegian Petroleum Directorate has granted Faroe Petroleum Norge AS a drilling permit for well 31/7-1 A.

Genel Energy has reported that the Tawke field partners have received a payment of US$15 million.

The company now owns 100% of the licence and is the licence operator.

FasTrac programme for strategic gas development in Mediterranean region

Hilong Petroleum Offshore Engineering Co. Ltd has received a contract from TIMAS to provide a Hilong 106 pipe-laying derrick barge.

The processing of the logs while drilling and wire line logs at the first Tendrara well has now been completed.

Cutting asset management time, cost and paperwork, satellite solution achieves positive ROI for Shell in just three months.

The company has appointed STARC to support its strategic expansion. The company will operate as Permasense’s exclusive representative in Saudi Arabia.

The contract will cover conceptual studies and pre-front end engineering design (FEED) work to support BP plans to sustain and grow production at the Rumaila oilfield in Iraq.