AVEVA has acquired the intellectual property rights to the engineering design database and design productivity software known as EDD and PDMSi, developed by Shell International Exploration and Production Inc., a member of the Royal Dutch Shell plc group.
Strata-X Energy Ltd. has announced that the company’s Prospecting Licenses held in the Republic of Botswana, covering the Serowe CSG Project, have been re-issued until the end of 2025 opening the door to an active 2018 appraisal programme.
The ONZ-7 well on the Sebou permit in Morocco has been completed and tested.
The alliance will allow customers to streamline the resources involved in large data-driven deployments, and TARGET’s customers will be able to extract more value from their subsurface data via Quantico’s artificial intelligence capabilities.
Half of oil and gas fields are not producing to expectations when onstream, and a new Westwood study shows that this is mainly due to unexpected reservoir issues.
EPC cost estimates are consistent with or lower than previous estimates.
Galp informs that it is in the process of farming-down a 40% participating interest in the Petroleum Exploration Licence (PEL) 82 in Namibia to an ExxonMobil subsidiary.
Full year production at record level and at low cash operating costs resulted in highest operating cash flow and EBITDA to date.
Noble Midstream Partners LP and Greenfield Midstream LLC have announced the completion of the acquisition of Saddle Butte Rockies Midstream, LLC and certain affiliates through a newly formed joint venture, Black Diamond Gathering, LLC.
Following the completion of the acquisition of an initial 25% interest in the Magnus oil field on 1 December 2017, EnQuest PLC has announced it has agreed with BP to undertake the management of the physical decommissioning activities for Thistle and Deveron.
Beach Energy Limited has advised that the acquisition of Lattice Energy Limited from Origin Energy Limited has financially closed.
Parsley Energy, Inc. provided an operational update that discloses certain full-year 2017 results and highlights strong indications from the Company's Wolfcamp C delineation programme.
Regional Oil and Gas industry reflections from Mike Blakemore, Senior Vice President at Advisian Abu Dhabi.
Jersey Oil & Gas has announced that the co-venturers in respect of UKCS Licence P.2170, which contains the Verbier oil discovery and the Cortina prospect, have approved a work programme and budget for 2018.
Serica Energy plc, an independent oil and gas company with production, development and exploration licence interests in the UK North Sea and exploration interests in Ireland and Namibia, have provided an operations update.