Oil & gas news

VNG Norge AS, operator of production licence 586, has announced it is in the process of completing the drilling of wildcat well 6406/12-5 S.

Schlumberger and Ikon Science have announced an agreement to develop the existing quantitative seismic interpretation capability in the Petrel* E&P software platform.

Range has announced that the second development well of the 22 well programme, the GY 180SE well, was spudded on 4 November 2015.

SacOil has announced it will join the consortium of Taleveras Group, Gunvor Group and the Strategic Fuel Fund in developing the Bioko Oil Terminal tank farm in Equatorial Guinea.

Oilfield equipment market predicted to see signs of recovery by 2017.

A two-phase field trial in PDO's Marmul oilfield will demonstrate the Osorb Media unit's water treatment capabilities.

DeepOcean Group Holding BV’s subsidiary, DeepOcean 1 UK Ltd has been awarded a contract for the provision of all marine works for the Nemo Link Interconnector Project.

Husky Energy and its partners have announced a significant milestone in advancing the Madura Strait BD gas-condensate field offshore Indonesia towards production.

Marathon Oil Corp. has announced that it has signed an agreement for the sale of its operated producing properties in the greater Ewing Bank area and non-operated producing interests in the Petronius and Neptune fields in the Gulf of Mexico for US$205 million.

Following the acquisition of Alstom’s power and grid businesses, GE Digital Energy and Alstom Grid have combined to form Grid Solutions, a GE and Alstom joint venture.