Drilling & production

BP has committed to to extending the licence for Oman Block 61 and to develop second phase of major Khazzan gas field.

The programme was implemented by the Aberdeenshire based company in 2014.

The contract will cover the installation of the Optimarin Ballast System (OBS) on Østensjø Rederi’s Edda Fides.

Iran’s position in the international O&G market was expectedly one of the highlight topics of IP Week.

Instruments used to monitor seismicity in the oilfield played key role in major scientific discovery.

IP Week 2016 has shown that an energy transition is underway, with anticipated growth in renewables and nuclear in previously oil and gas dominated regions.

Amarinth has designed an innovative low-shear vertically mounted API 610 OH 1 pump for the produced water nutshell filters from AI Energy Solutions.

Pura Vida Energy NL has announced that the company is a party to a farmin agreement and joint operating agreement with a subsidiary of Freeport-McMoRan Oil & Gas.

Europa has been awarded a new licensing option in the southern Porcupine Basin, offshore Ireland as part of the 2015 Atlantic Ireland round.

The average full-cycle breakeven price for an offshore planned project in the country is now US$58/bbl of oil equivalent.

WEG W22 motors, used by Paragon Offshore for jackup operations in the North Sea.

Pacific Exploration & Production Corp. has announced it is actively working with its creditors pursuant ensure the long-term viability of its business.

The company has invested £500 000 in state-of-the-art equipment for its Peterhead, UK facility.

Aker has provided a summary of its financial highlights during the last quarter of 2015.

This marks the second discovery on the Rakhine Basin since the beginning of 2016.