Oil & gas news

CORRE has been awarded a major multi-million dollar contract by the Kuwait Oil Company to treat oil based mud (OBM) drill cuttings.

CMR Group has launched new technology to improve the monitoring and supervision of remote onshore oil and gas drilling wells.

Interests in the three fields will be purchased for US$ 170 million.

Encana Oil & Gas (USA) Inc., has completed the previously announced acquisition of approximately 45 500 net acres.

The Luno II discovery is located approximately 15 km south of the Edvard Grieg field.

It is as yet unclear as to whether drilling would ever be allowed on the campus.

KCA Deutag has secured a contract with Brunei Shell Petroleum (BSP) for the construction and operation of a new build land rig in Brunei.

Hibiscus Petroleum Bhd is buying Talisman Pty Ltd, which includes a 25% stake in the Kitan producing oilfield in the Timor Sea for US$ 18 million.

Circle Oil has reported preliminary final results for 2013, with operating profit in line with the company’s estimate of US$ 32.4 million.

Douglas-Westwood examines how the recent upheaval in Iraq poses a threat to oil production growth.