Exploration

The Force forum aims to strengthen cooperation in research and development projects (R&D) at a two-day seminar hosted by the Norwegian Petroleum Directorate.

Underlying replacement cost profit for the full year was US$5.9 billion, compared with US$12.1 billion reported for 2014, down 51%.

The Open Innovation Awards fast track promising ways to reduce fresh water in shale oil and gas production.

The sale will help fund further development of the Moftinu gas discovery in Romania.

Also announced was the development of a pilot programme with BP and Partnership with Paradigm.

Statoil Uruguay B.V. (Statoil) has agreed with Total E&P Uruguay B.V. (Total) to acquire 15% working interest in offshore exploration block 14 in Uruguay.

The budget shows a 26% decrease in US capital expenditure.

The work will be executed via ION’s Villahermosa, Mexico, and Houston offices and through its Houston high performance computing centre.

Intelsat 29e will bring high throughput capacity in both C- and Ku-band to North and Latin America and the North Atlantic region.

DNV GL hopes that its JIP with leading industry partners as well as academic bodies to accelerate oil and gas technology development.

Civeo Corp. has reported that it has won contracts for Canadian oil sands customers totaling approximately CAN$41 million.

Carnarvon joins Quadrant Energu in Barrow sub-basin oil project.

AWE sells 10% working interest in the Sugarloaf area of mutual interest (AMI) to Carrier Energy Partners II, LLC.

The company has grown more than 10-fold since its launch in January 2015.

Bengal Energy Ltd has announced that the company and its joint venture parties have successfully completed the previously announced hydraulic stimulation programme on ATP 752 Barta Block.