Oil & gas news
LGO Energy: Goudron overriding royalty rates reduced
The royalty rates apply to production at oil prices below US$50/bbl.
ABB wins contract for Shell Prelude FLNG
ABB to provide equipment and services for the world’s largest floating liquid natural gas (FLNG) facility.
YESSS Oil, LLC enters the market with EOR technology
The new technology is expected to Increase safe and sustainable oil production.
Schlumberger launches real time downhole flow measurement service
ACTive Q service designed to deliver fluid velocity measurements to expand coiled tubing downhole monitoring capabilities.
Weatherford safety valve wins OTC Asia 2016 spotlight on new technology award
The company has received recognition for its innovative safety valve system.
Halliburton introduces new coiled tubing services
Spectrum services designed to deliver real time subsurface data to help optimise well interventions and completions performance.
SDRL receives contract extension for West Tellus
Seadrill Ltd has been awarded an 18 month contract extension for the drillship West Tellus by Petroleo Brasileiro SA.
GlobalData: latest UK oil tax cuts constrained by challenging project economics
Recent tax cuts were biased towards older, existing assets.
Marsol International awarded Middle Eastern contracts
The contracts are based offshore Oman.
Covey Park acquires Haynesville and Bossier assets
The assets, primarily located in Louisiana’s DeSoto and Bossier Parishes, consist of approximately 52 933 gross (34 167 net) acres with 4Q15 average production of 113 million ft3/d.