Drilling & production

Kongsberg Oil & Gas Technologies AS has announced it has received a 3-year contract by Wintershall Holding GmbH.

Gulfsands Petroleum Plc has announced that the Tunisian Ministry of Industry, Energy and Mines has approved the Comité Consultatif des Hydrocarbures’ decision to extend the duration of validity of the first renewal period of the Chorbane Licence by two years.

API highlights the energy issues that will shape America’s economic and political news this year.

Positive results for the SNE-2 appraisal well which has completed drilling.

Patterson-UTI reports positive operating results in the US and Canada.

San Leon Energy has reported that the Rawicz-15 well has been successfully drilled to a total depth of 1580 m.

Total transaction value for global upstream oil and gas M&A deals in 2015 declined 22%.

New global framework agreement designed to drive efficiency in engineering and subsea O&G projects.

Natural gas spot prices in 2015 at the Henry Hub in Louisiana averaged US$2.61/million Btu, the lowest annual average level since 1999.

The software is designed to help users resolve stratigraphic details and recover the subsurface features that control hydrocarbon accumulation and recovery.

AWE and Origin Energy have achieved FID for Stage 1A of the Waitsia gas field project in the onshore Perth Basin, Western Australia.

Two long term contracts with an estimated value of NOK 11 billion.

Aker Solutions, N-Sea and Saab are in contention for the Subsea Company of the Year award at this year’s Subsea UK Awards.

Production figures rose dramatically during 2015.

Spending and headcounts have been slashed across the industry and the spectre of bankruptcy is an all too common concern.