Oil & gas news

NOV Mono versatility demonstrated by effectiveness of offshore application of pump.

Baghdad and Erbil have taken the first step to reconciling relations through a temporary budget payment and oil export agreement.

Transaction to be delayed until the end of May 2015.

The Cendor MOPU has been successfully moved from the Cendor Field to Indonesia en route to the Gulf of Thailand for upgrade work.

Turkmenistan’s current laws do not grant production-sharing rights for onshore blocks to foreign companies.

The well, on the Yamal Peninsula, reaches a total 4200 m in length.

Roxi, the Central Asian oil and gas company with a focus on Kazakhstan, has updated the market with news of progress at its BNG asset.

SBM Offshore has agreed to sell SBM Installer, a diving support and construction vessel, to OS Installer AS for US$150 million in cash.

According to Wood Mackenzie, OPEC’s decision to retain current production undermines potential for near term price recovery.

The Johan Sverdrup partners have agreed to recommend Statoil as operator for all phases of the field.