Oil & gas news

The discovery in the Sureste Basin may contain between 200 and 300 million bbl of oil in place.

Mudlogging and LWD logging results from the Primary targets in the Tumbes Formation indicated that the Marina-1 well encountered thin water bearing sands with no oil and only minor gas shows.

The company is to transfer its entire working interest in the Block 115/09 production sharing contract, offshore Vietnam, to an unnamed major international oil and gas company.

The Petrobras-led Búzios Project will be recognised at this year's Offshore Technology Conference for the use of technological advancements in extreme conditions.

Stuart Black, who joined the downhole sensing technology specialist last month (January), has more than 12 years’ experience within the energy and FMCG (fast-moving consumer goods) sectors.

The completions service company has appointed Jim McGowin to the role.

More than 6600 delegates gathered at Subsea Expo in Aberdeen, UK, this week, one of the biggest attendances on record in the event’s 15 year history.

The company recorded revenue of US$2171 million in 2019.

Archer increased its 4Q19 revenue to NOK239.7 million, an increase of 3% compared with 4Q18.

Salah is expected to a reach its targeted depth of approximately 9000 ft in late March/early April and is targeting gross P50 unrisked prospective resources of c.71 billion ft3 equivalent, as estimated by management.