Oil & gas news

The Iara area is located approximately 250 km off the coast of Rio de Janeiro, in water depths of around 2270 m.

The West Polaris was acquired by Ship Finance in 2008 and subsequently bareboat chartered to Seadrill with purchase options commencing in 2012.

BP, on behalf of the Kinnoull field co-venturers, has announced the start of production from the Kinnoull field in the central North Sea.

Lundin Norge AS, operator of production licence 584, is in the process of completing drilling of wildcat well 6405/12-1.

KBC has entered into a seven-year contract with a major European based oilfield services company for the licensing of its upstream simulation portfolio.

BNK Petroleum Inc. has provided an update on its Tishomingo Field, Caney shale oil operations in Oklahoma, and its Polish shale gas project.

The Board of Directors have approved Gazprom’s Investment Program, Budget (Financial Plan) and Cost Optimisation (Reduction) Program for 2015.

Independent oil and gas company Wentworth has announced a natural gas discovery onshore Mozambique.

The results of DNV GL’s fifth annual industry benchmark study on the outlook for the oil and gas industry will be launched on Monday 19 January, 2015.

Lundin Petroleum AB has completed the drilling of wildcat well 33/2-1 on PL555 located 200km northwest of Florø on the Norwegian west coast.