Special reports

An average capital expenditure (capex) of $8.4bn per year will be spent on 249 oil and gas fields in Nigeria between 2018 and 2020.

US and Chinese based oil & gas steel fabricators have been some of the first companies within the industry to be impacted by the countries playing high-stakes poker through targeted tariffs, Rystad Energy research shows.

Vallourec renews and reinforces its collaboration with Petrobras by signing new long-term agreements.

The non-core assets are to be sold for US$292 million, coring up and bringing down net debt.

The deployment to BP Lower 48 provides hydrocarbon accounting for approximately 10 000 onshore gas and liquid wells over six operating areas in North America.

Rose Petroleum plc has announced that it has increased its land position in the Paradox Basin, Utah, USA.

Cyber security breaches in the Middle East are widespread and frequently undetected, with 30% of attacks targeting operational technology (OT), finds a new study by Siemens and Ponemon Institute.

Oxford Flow, the pressure control equipment specialist for water and gas distribution, oil and gas and industrial process applications, has raised £6.1 million in a funding round to support the company’s rapid growth, product optimisation and customer base expansion. 

Global oil and gas solutions provider Tendeka has appointed Paul Lynch as its new Advanced Completions Director to help drive the commercialisation of its wireless intelligent completions technology, PulseEight.

Michael Scott joins the company to support its growth strategy and will be focusing on the commercialisation of the company’s growing well integrity technology portfolio and further business expansion in global markets, notably the US, Middle East and Asia.

Over US$811 billion will be spent on 615 upcoming oil and gas fields between 2018 and 2025.

Pioneer Natural Resources Company announced that it has signed a purchase and sale agreement with Sundance Energy, Inc. to sell approximately 10 200 net acres in the western portion of Pioneer’s Eagle Ford Shale acreage position for US$102 million, subject to normal closing adjustments.

PJSC NOVATEK reports that the subsidiary of Novatek Gas & Power Asia Pte. Ltd. The first lot of liquefied natural gas (LNG) produced on the Yamal LNG project was delivered to the Indian market.

A leading energy economist has predicted that total field expenditures in the North Sea could amount to £268 billion over the next three decades.

Marubeni Corporation announces that Marubeni, through its subsidiaries, has reached agreements with two independent oil and gas companies in the US to sell a part of Marubeni’s interests in the Eagle Ford shale oil & gas assets located in the state of Texas.