The Oil and Gas Authority (OGA) has launched the Supplementary 31st Offshore Licensing Round, presenting an exceptional opportunity for oil and gas companies to collaborate to maximise economic recovery of up to 300 million boe in the Greater Buchan Area.
The EnCounter acquisition is the second transaction executed by Talon, as the Company looks to build on its newly incorporated UK North Sea strategy.
The Rowan Viking, an N-Class ultra-harsh environment jack-up rig, has been awarded a seven-well programme.
The company has announced the execution of a Share Purchase Agreement for the acquisition of Chevron Brasil Upstream Frade Ltda.
The company has had a presence in Norway for six years and a local business development manager who acted as a focal point for clients in the region.
However, chronic midstream infrastructure bottlenecks and low price environment can limit the progress of the oil and gas industry, says GlobalData.