SK Innovation announced on 21 February 2018 that it made oil discovery in the PRMB block 17/03 in the South China Sea.
Upstream news updates
Production start-up for the F1 well on South Marsh Island Block 71 in the Gulf of Mexico is expected to begin in March 2018.
President Energy the upstream oil and gas company focused primarily in Argentina, reports recorded record results in January with each concession making good returns and contributing profits.
Dril-Quip, Inc. have announced that Dril-Quip Asia Pacific Pte Ltd, its wholly-owned subsidiary based in Singapore, has been awarded a contract to supply top tensioned riser (TTR) systems and related services for the development of the Ca Rong Do Project located offshore Vietnam operated by Repsolwith the participation of Mubadala, PVEP and PetroVietnam.
2000 t process module to be installed on Leviathan Field to recover MEG used for hydrate inhibition.
Schlumberger and Subsea 7 S.A have announced that they have entered into exclusive negotiations to form a joint venture that builds on the success of Subsea Integration Alliance, which was established in 2015.
Fugro has been awarded a contract by Guangzhou Marine Geological Survey (GMGS) for gas hydrate investigation on the Northern Continental Slope of the South China Sea. The contract is valued at approximately US$40 million and the project is expected to commence in the second quarter of 2018.
Dragados Offshore, S.A. has announced the award by Mærsk Oil and Gas of the contract for the Tyra East G & Tyra East H Jackets for the Tyra Future Development Project, both to be installed in the Danish sector of the North Sea.
Abu Dhabi’s Mubadala national wealth fund is reportedly nearing a deal to invest in a Gazprom Neft subsidiary based in Western Siberia.
Noble Energy, Inc. announced total proved reserves of 1.965 billion boe as of December 31, 2017, a net increase of 528 million boe versus year-end 2016.
More oil news updates
SDX Energy Inc., the North Africa focused oil and gas company, announces that the KSS-2 well on the Sebou permit in Morocco was drilled to a total depth of 1293 m encountering 8 m of high quality reservoir interval in the Gaddari and Guebbas sequences with an average porosity of 30%.
This significant find marks the first documented occurrence of ‘live’, or flowing, oil from onshore Jamaica and will be of particular interest to oil explorationists focused on Central America and the Caribbean.
MX Oil has raised £500 000 before expenses via a placing (the Placing) of 100 million new ordinary shares at a price of 0.5 pence per share (the Placing Shares). The funds raised will enable further development of the Aje project.
UK Oil & Gas Investments PLC announces that oil has flowed to surface from the naturally fractured KL5 reservoir at its 100% owned BB-1/1z exploration discovery, located in licence PEDL234.
EXMAR has announced that its FSRU (Floating Storage and Regasification Unit) barge delivered end of 2017 has left the Wison Offshore Marine shipyard.
API Q2 is a risk-based quality management system approach that focuses on competency, service design, contingency planning, supply chain controls, preventive maintenance, inspection, service quality plans and management of change.
Dr Daniel Denning, Systems Lead Engineer for Viper Innovations, explains how combined power and monitoring technology is a step-change in the way subsea networks are maintained.
Two-thousand-ton process module to be installed on Leviathan Field to recover MEG used for hydrate inhibition.
Matt Halle from Singular explains how a a window of opportunity is opening to embed innovative practices and technologies into the recruitment function, secure the best possible people for your brand, and avoid repeating the problems of the past.
Po Valley Energy Limited has reported an upgrade of its oil and gas reserves and resources for its 100% owned subsidiary Po Valley Operations Pty Ltd (PVO) as part of the release of an extensive Competent Persons Report (CPR) prepared on PVO, Po Valleys 50% owned Saffron Energy Plc (Saffron) and Appenine Energy. The CPR has been lodged in full with the ASX in conjunction with this release.
Gardner Denver Petroleum & Industrial Pumps has announced the launch of its Redline Series Packing with Redline Packing.
Noble Energy, Inc. announced it has signed agreements to sell significant quantities of natural gas from the Leviathan and Tamar fields to Dolphinus Holdings Limited to supply gas in Egypt.
The technology group Wärtsilä and the global drilling contractor Maersk Drilling have joined forces in a unique co-operation to create a 25 year thruster maintenance strategy for Maersk’s three semi-submersible rigs and four drillships.
Total S.A. (Total), Borealis AG (Borealis) and NOVA Chemicals Corporation (NOVA Chemicals) have announced that affiliates of the three companies have signed definitive agreements to form a joint venture in petrochemicals on the U.S. Gulf Coast.