Drilling & production

The new oilfield services company, Ardyne, has been launched with £50 million backing from Lime Rock Partners and has made its first acquisition.

The Laggan and Tormore gas and condensate fields, located in the West of Shetland are expected to produce 90 000 boe/d.

SOCO has reported that the Baobab Marine-1 commitment well commenced drilling on 5 February 2016 in the Mer Profonde Sud Block, located in the Lower Congo Basin, offshore the Republic of Congo.

Sound Energy has stated that it has signed a binding agreement with OGIF whereby OGIF has granted Sound Energy an option to acquire a 55% interest in the Meridja permit, onshore Morocco.

Taq Taq field partners have now received payment from the Kurdistan regional Government for oil exports.

A critical turning point – when a produced barrel no longer finds spare capacity within existing onshore storage – is approaching.

Current market trends suggest that widespread filling of offshore storage is likely before significant erosion of supply takes place, according to Douglas-Westwood.

The data shows that rig counts are since 2015.

The awards seek to celebrate the achievements of companies and individuals in the £9 billion subsea industry across the country.

Almost 7000 visits were made to Europe’s largest subsea event, despite the industry facing its toughest year ever.

The API’s Erik Milito, has called on the Obama administration to support oil and gas consumers, and US energy prosperity.

The PSA has granted ConocoPhillips consent to use the Rowan Norway mobile drilling facility for plugging and abandonment of wells at Ekofisk 2/4 B.

Faore Petroleum reports that 2015 was a year of growth and good progress.

Butting was granted the order to produce and deliver longitudinally welded, corrosion-resistant pipes for Norway’s developing oilfield in the North Sea.

More students need to choose mathematics and physics or engineering could be at threat, according to a new report.