Oil & gas news
ENN Group acquisition of STO shareholding from Hony Capital
ENN Group has announced the proposed acquisition of Hony Capital’s 11.7% shareholding in Santos, subject to certain conditions.
Budget 2016 – More questions than answers
The changes announced by the UK Chancellor George to the North Sea tax regime are unlikely to have a significant impact on investment in the near term.
Subsea UK to discuss collaboration between companies in SW England
Neil Gordon, chief executive of Subsea UK said: “There is a huge amount of innovation and expertise in the south-west of England”
GustoMSC launches new self-propelled cantilever & jack-up
The NG-3500X can operate in a water depth of up to 80 m and bridges the gap between service units and full-fledged drilling rigs.
DW: considerable growth potential in Iranian O&G sector, though barriers remain
The lifting of sanctions represents a significant step forward for Iran’s re-entry into the global oil & gas market.
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.