Oil & gas news
Swiber completes subsea project
Swiber has completed its platform and subsea pipeline installation project in South America.
Total starts up production at Laggan Tormore
The Laggan and Tormore gas and condensate fields, located in the West of Shetland are expected to produce 90 000 boe/d.
Baobab Marine-1 well drilling commences
SOCO has reported that the Baobab Marine-1 commitment well commenced drilling on 5 February 2016 in the Mer Profonde Sud Block, located in the Lower Congo Basin, offshore the Republic of Congo.
Sound Energy to acquire interest in Moroccan permit
Sound Energy has stated that it has signed a binding agreement with OGIF whereby OGIF has granted Sound Energy an option to acquire a 55% interest in the Meridja permit, onshore Morocco.
Balltec provides technology for Statoil’s pipeline projects
Balltec has completed work on its flangeless subsea plug launcher technology in the Statoil pipeline upgrade project.
Acteon launches Field Life Service
The service is aimed at providing a ‘joined-up’ approach to the Capex and Opex challenges faced by the industry.
Halliburton launches subsea safety system for deepwater well testing
The Dash system is designed to provide a complete solution for electrohydraulic control of Halliburton’s subsea safety tree.
Genel reports receipt of Iraqi Kurdistan oil export payment
Taq Taq field partners have now received payment from the Kurdistan regional Government for oil exports.
Douglas-Westwood: oversupplied market eying floating storage opportunities
A critical turning point – when a produced barrel no longer finds spare capacity within existing onshore storage – is approaching.
DW: oversupplied market eying floating storage opportunities
Current market trends suggest that widespread filling of offshore storage is likely before significant erosion of supply takes place, according to Douglas-Westwood.