Europa will continue to hold a 20% interest in the Licence, which is located in the Weald Basin, Surrey, alongside UKOG (40%), Egdon Resources plc (18.4%), Angus Energy plc (12.5%), Union Jack Oil plc (7.5%) and Altwood Petroleum (1.6%).
Seadrill Limited has announced the full-scale utilisation of its ground-breaking Medfit program across its drilling fleet.
i-Tech 7, Subsea 7’s Life of Field business unit, has appointed a new regional director to help strengthen and grow its life of field business in the Asia-Pacific region.
Following the latest forecast from the UK Oil and Gas Authority (OGA) for the UK’s offshore sector, Jonathan Markham, Senior Upstream Oil & Gas Analyst at GlobalData, offers his insight on the future of the UK’s upstream sector.
Oil majors are readying themselves for the energy transition by investing in shale and waiting for renewable technology to be economical, according to Rystad Energy.
Autonomous underwater swarm robots and micro-polymers designed to reinstate well integrity, are just some of the exciting new technologies that have secured funding through the Oil & Gas Technology Centre’s TechX Pioneer Accelerator Programme.
To improve domestic energy security, the country unveiled further reforms in 2018, which have prompted interest from international investors. However, translating this into tangible production increases will be the next challenge, says GlobalData.
As the company enters its 57th year, the new facility in Villahermosa, Tabasco is part of the company’s efforts to continue to expand its presence in Mexico’s burgeoning oil and gas market.
Norway is expected to spend the highest new-build CAPEX of US$21.2 billion on the development of the planned and announced projects, among the countries in the North Sea, during the period 2019 - 2025.
According to Rystad Energy, this turnaround is made possible by the continued rise in oil production from US shale plays and the increased oil export capacity from the Gulf Coast.
New research published by DNV GL on the outlook for the sector shows that the sector appears self-assured in its ability to better cope with market instability and long-term lower oil and gas prices.
David Johnson, managing director of Leeds-based Tudor International Freight, has advised the industry’s EU traders to continue preparing for a 'calamity' no-deal Brexit, as this remained a strong possibility and could still occur this month.
Prior to his promotion, Bhalla led SES’ drilling, completion and intervention systems sub-practice and was one of the key architects of the company’s Realtime Fatigue Monitoring System® (RFMS®).
Fabienne Ellington has joined the manufacturer of Thermoplastic Composite Pipeline (TCP), Airborne Oil & Gas, as its first vice president Asia and Middle East.
Political and economic instability may affect Lebanon’s second offshore licensing round, according to GlobalData.