Drilling & production

Woodside Energy has entered into an agreement to acquire a 65% participating interest in a Production Sharing Contract and associated joint operating agreement in the AGC Profond block.

The partnership will is aimed at supporting Colombia’s development of significant heavy oil resources.

Parker Drilling Company has reported results for the quarter ended December 31, 2015, including a net loss of US$35.6 million, or US$(0.29) per share, on revenues of US$148.7 million.

Kosmos Energy has been informed by Tullow Oil plc, operator of the Jubilee Unit, of a change to operating procedures on the Jubilee field Floating Production Storage and Offloading vessel.

California Resources Corp. has announced that William Albrecht will transition from Executive Chairman to Non-Executive Chairman at the time of CRC’s annual stockholder meeting in May 2016.

Four members of Statoil’s Mariner subsurface team are set to discuss the importance of collaboration at a presentation jointly organised by SPE.

ERHC Energy Inc. has issued the following update on exploration progress in Kenya Block 11A.

Douglas-Westwood announces new publication covering the decommissioning sector.

Woodside Petroleum Ltd has detailed its financial results for 2015, stating a NPAT of US$26 million.

The summit will take place on 23 – 25 February.

Despite current low oil prices, the oil and gas industry in the Falkland Islands is continuing to go from strength to strength.

Morgan Lewis has welcomed the arrival of Kirstin Gibbs to its energy team.

The vessel achieved first oil and completed a 72 hour continuous production test.

UK Oil & Gas Investments has announced that light, 40-degree API, sweet oil has flowed naturally to surface from an 80 ft zone within the Lower Kimmeridge limestone interval at a depth of approximately 900 m below ground level.

In Salah Gas, a joint venture between Sonatrach, BP and Statoil has announced the start up of its Southern Fields project.