Subsea 7 awarded contract offshore UK
Subsea 7 S.A. has announced the award of a sizeable engineering, procurement, installation and commissioning (EPIC) contract by Apache North Sea.
Drilling & production
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ExxonMobil starts production at its Point Thomson project
At full rate production, the facility is designed to produce up to 10 000 bpd of natural gas condensate and 200 million ft3 of recycled gas.
Precision Drilling Corp. announces management appointments
Precision Drilling Corp. has appointed Carey Ford as Senior Vice President and Chief Financial Officer and Veronica Foley as Senior Vice President, General Counsel and Corporate Secretary.
Providence Resources collaboration project with Schlumberger update
Providence Resources has provided a technical update on its Exploration Collaboration Project with Schlumberger.
Bomono onshore Cameroon project licence extended
Bowleven has announced that it has been awarded a 1 year extension to the existing Bomono exploration licence, onshore Cameroon, pending the final award of an Exploitation Authorisation (EA).
Lundin Petroleum: Q1 2016 financial update
Lundin Petroleum AB (Lundin Petroleum) will expense pre-tax exploration costs of approximately US$71 million and recognise a net foreign exchange gain of approximately US$159 for the first quarter of 2016.
Queen’s Award recognises RSK Group’s environmental operation in Iraq
The award is the highest accolade for business success.
Sound Energy: Tendrara drilling commences
The well was spud on 20 April 2016. The company expects to reach a total measured depth of 2640 m.
ITF-facilitated JIP enters trial phase to provide clearer understanding of subsea faults
A new technology system designed to address a common problem in the subsea industry is undergoing a shallow water trial at Portishead Quays marina.
TGS reports Q1 2016 earnings
The company has also announced its intent to maintain quarterly dividend of US$0.15 per share in Q2 2016.
Aqualis Offshore and CSDC join forces
The companies have signed an agreement to co-operate on engineering projects both in China and internationally.
EIA: expected drop in Lower 48 oil production offset by rising GoM output
Sharp decline in oil prices since the fourth quarter of 2014 has had a significant effect on drilling in the US.
Total presents new business action plan
Total’s ambition is to meet the energy needs of a growing world population, tackle climate change and provide solutions that match changing customer expectations.
Oil prices expected to be on the road to recovery through 2017
Positive predictions from Stratas Advisors’ Short Term Price Outlook offer hope during a period of turmoil for the oil and gas industry.
ExxonMobil starts production at Julia oilfield in the Gulf of Mexico
The first production well is now online and a second well will start production in the coming weeks.