Drilling & production

Bhagwan Marine has announced the signing of a multi-year, multi-vessel contract to provide marine support to American company, Foss Teras Marine.

Egdon Resources plc has announced the commencement of drilling operations at the Laughton-1 exploration well in UK Onshore Licence PEDL209 located in Lincolnshire.

API applauded the bipartisan passage of H.R. 644, Conference Report to Accompany the Trade Facilitation and Trade Enforcement Act.

This year's International Petroleum (IP) Week was held just two months after the historic COP21 agreement reached in Paris last December.

Statoil has signed a farm-in agreement with Tullow to acquire a 35% working interest in offshore exploration block 15 in the Pelotas basin, deepening its position in Uruguay.

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.