The company has announced that it has completed the drilling phase of the A39 #1 well in its Orogrande Basin drilling programme with operator Maverick Operating and drilling partner Wolfbone Properties.
Upstream news updates
The Norne field is in production licence 128 in the Norwegian Sea, around 300 km west of Sandnessjøen and 200 km from the Helgeland coast.
The company has announced that more than 200 bbls were recovered from the legacy vertical well 16a at its West Rustavi permit during a 10-hour flow period.
The company will provide helicopter services in support of OMV’s forthcoming drilling programme at the PL 644 field in the Norwegian Sea.
The company has confirmed its readiness to continue the operatorship in the Bongkot gas field and to become the operator in the Erawan field starting from 2022.
Two A-type systems have made their way to India and Indonesia, respectively, and will enable both short- and long-term Walk to Work operations.
The company, which is part of the 3T Energy Group, has sold the consultancy side of its business in a management buy-out.
The renewal for Admarine 657, which is currently contracted and operating in Saudi Arabia, is effective after the expiry of its existing contract during Q1 2019.
The companies have signed a memorandum of understanding with Western Gas Corporation Pty Ltd to be the exclusive development partners for the Equus Gas Project in Western Australia.
Serenity provides i3 with exposure to low cost and potentially high return upside that could be tied in to either its Liberator Phase I or incremental Phase II infrastructure.
The project, located in the VIC/L1 block offshore Victoria, is part of the company’s continuing investment in the Gippsland Basin.
More oil news updates
The acquisition enhances Acteon’s subsea integrity management offering.
Wood Mackenzie's research analyst Jean-Baptiste Berchoteau comments on the announcement by Thailand's Department of Mineral Fuels (DMF) that PTTEP has won the auction round for both G1/61 (Erawan) and G2/61 (Bongkot) PSCs.
Siccar Point Energy has signed an agreement with its existing syndicate of banks to increase and extend its existing Reserves Based Lending Facility.
Adrian Lara, Senior Oil and Gas Analyst at GlobalData, offers his view on the impact on the upstream sector.
Three of Highlands’ projects are now revenue generating. The expansion of East Denver to eight producing wells by the end of this year is expected to deliver sufficient cash flow to cover overhead costs for 2019.
Sercel has been awarded a contract by BGP to supply land seismic equipment for a large onshore 3D seismic survey in the Middle East. The contract includes 100 000 Sercel 508XT channels equipped with strings of 12 SG-10 geophones.
The £5 million fund aims to provide opportunities for the supply chain in Scotland.
The company, which is now part of the 3T Energy Group, has introduced 0% finance packages to help people finance training for potential jobs in the global energy sector.
The company has published an annual survey, which includes the Collaboration Index, measuring the effectiveness of companies as partners in collaboration.
The company, together with partners Esso Exploration and Production UK Limited and Arco British Limited, LLC, has announced the final investment decision for a Shearwater gas infrastructure hub in the central North Sea.
The Norwegian Petroleum Directorate has granted Wellesley Petroleum AS a drilling permit for well 35/4-2, cf. Section 15 of the Resource Management Regulations.
Coretrax, the independent wellbore clean-up and abandonment specialist, has received a substantial investment from private equity firm Buckthorn Partners to accelerate its ambitious international growth plans.
Frontera Resources Corporation has announced that on 11 December 2018 it signed a term sheet with a New York, U.S.A.-based fund seeking to secure a loan of up to US$60 000 000.
The International Marine Contractors Association’s (IMCA) has published its latest Dynamic Positioning (DP) StationKeeping Bulletin. Published quarterly, the Bulletin is a reliable channel for providing feedback on DP events to the industry.