Oil & gas news
Neptune Energy, Sval Energi and Storegga awarded CO2 storage licence in the Norwegian North Sea
The Trudvang area has the potential to store up to 9 million t of CO2 annually for at least 25 years – a total of 225 million t – with analysis indicating the storage potential could be even higher.
Shell and Deltic started surveying on exploration well in the North Sea
Deltic Energy has been informed by the licence operator Shell UK Ltd that site survey works associated with the Selene exploration well location have commenced.
Recovery from Statfjord Øst to improve with gas lift pipeline
The licensees in Statfjord Øst have received consent to use new facilities linked to the gas lift project on the field. Expected start-up will be soon.
Tracerco announces supply and marketing agreement with Kobold
Tracerco announced a supply and marketing agreement with Kobold Completions Inc. to provide clients with a technology that will continuously monitor oil reservoirs.
Silverwell agrees three-year multi-well gas lift contract with major NOC in S.E. Asia
Silver has secured a three-year multi-well contract in Southeast Asia for the installation of the artificial lift production optimisation system.
Wood Mackenzie: Oil and gas exploration spending to recover from historic lows
Exploration spend (excluding appraisal) will recover from historic lows to average US$22 billion per annum in real terms over the next five years, according to a new report from Wood Mackenzie.
New US$100 million contract for semi-submersible rig Hercules
SFL has announced that it has signed a drilling contract in Canada with a value of approximately US$100 million.
Strohm’s TCP jumper installed in South America
The company’s first deep-water/high pressure thermoplastic composite pipe (TCP) jumper in South America has been successfully installed, commissioned and is up and running for ExxonMobil Guyana at its Liza field.
Chesapeake Energy have agreed to sell its remaining Eagle Ford assets
Chesapeake Energy Corporation has announced that it has executed an agreement to sell its remaining Eagle Ford assets to SilverBow Resources, Inc. for US$700 million.
Proserv announces new facility in Saudi Arabia
The company has moved its operations in Saudi Arabia into a new dedicated, state-of-the-art facility in Dammam as part of its roadmap to bolster and extend its expertise for customers.