Oil & gas news

The fall in the Chinese manufacturing index, the Saudi-Iran standoff and North Korean nuclear test have all had a significant impact.

Africa Oil Corp. has reported that the previously announced farmout with Maersk Olie og Gas A/S has received approval from the Government of Kenya.

Trelleborg Sealing Solutions has announced that it has opened a dedicated climate-controlled swivel stack seal inspection facility, in Barendrecht, the Netherlands, for the validation of bespoke seals.

The strategic alliance between Fifth Ring and Iteo will offer a truly integrated marketing resource.

Statoil is the operator for production licences 272 and 035 and has received consent to drill exploration well 30/11-11 using Sonia Delta.

Bosque Systems LLC has launched a new system, called OptiFluids, which saves producers up to 30% on the cost of chemicals used in hydraulic fracturing.

Condor Petroleum has announced that it has entered into an agreement with Marsa Energy Inc. in which Condor will acquire Marsa Energy.

Lundin Malaysia BV has reported that it has begun the drilling of the Bambazon exploration well in Block SB307/SB308, offshore East Malaysia.

Cunningham Energy LLC has announced plans for two new shallow horizontal oil wells to be drilled in Kanawha County, West Virginia.

Statoil Petroleum AS has signed Master Service Agreements with Aker Solutions ASA and OneSubsea Processing AS.