Drilling & production

Oilsol Petroleum to purchase 150 million shares in Tethys Petroleum.

Jacobs Engineering Group Inc. has announced it received a contract from Abu Dhabi Oil Refining Company for FEED services for the Waste Heat Recovery Project.

The contract marks a significant milestone in OptaSense’s Middle East business.

BP Egypt has completed its acquisition of 22.75% in the North Alexandria Concession and 2.75% in the West Mediterranean Deep Water Concession from Hamburg-based DEA Deutsche Erdoel AG.

Analysts have suggested that a lack of investment in ensuring future supplies could lead to a shortage.

McDermott wins sizeable award for offshore development in Trinidad.

A deal between Wärtsilä and Ruselprom Group is to see two ships being built for Gazprom Neft.

Oilex has announced that production from the Cambay Field is now approximately 75 boe/d and may increase in line with demand from the local low pressure gas market now that Cambay-77H is online.

Amplus Energy Services to work with Technip on untapped oil reserves.

Effective immediately, Wood Group PSN is to deliver brownfield engineering services to the Bayu-Undan field.

Enquest has announced its outlook for 2016.

According to a new report by Research and Markets, the oil and gas security and service market is estimated to reach US$33.90 billion by 2020.

The company will provide smart tracer technology for flow measurement of six new wells in Statoil’s Maureen reservoir.

Updated participating interest AJE field.

The NPD has granted Statoil consent to use the COSLInnovator.