Oil & gas news
Senegal Drilling Update: SNE-2 delivers a successful appraisal well
Positive results for the SNE-2 appraisal well which has completed drilling.
Patterson-UTI reports drilling activity for December 2015
Patterson-UTI reports positive operating results in the US and Canada.
San Leon's Rawicz-15 well drilling completed
San Leon Energy has reported that the Rawicz-15 well has been successfully drilled to a total depth of 1580 m.
IHS: upstream oil and gas M&A deal count and asset transaction value plunged in 2015
Total transaction value for global upstream oil and gas M&A deals in 2015 declined 22%.
Lloyd’s Register and Aker Solutions to collaborate
New global framework agreement designed to drive efficiency in engineering and subsea O&G projects.
Paradigm extends high-definition workflows in new release
The software is designed to help users resolve stratigraphic details and recover the subsurface features that control hydrocarbon accumulation and recovery.
Fall in 2015 average annual natural gas spot price
Natural gas spot prices in 2015 at the Henry Hub in Louisiana averaged US$2.61/million Btu, the lowest annual average level since 1999.
ISS expands Chembulk agreement into South America and Asia
ISS to handle additional 150 port calls for Chembulk Tankers per year.
Prosafe: Marine project re-phasing agreed
Prosafe and Statoil Ltd have agreed to re-phase the Mariner Project in the UK Continental Shelf of the North Sea from 2016 into 2017.
ABB delivers X-Wave compensation system
World’s first self-learning motion compensation system promises to speed up install and commissioning.