Oil & gas news

The transaction is valued at approximately US$2 billion.

The Baker Hughes US land rig count declined by 49 rigs from the week ending 4 October 2019 through the week ending 27 December 2019, a greater decline than what the company expected.

Drilling in block 6507/8 is scheduled to begin in mid-January 2020, and is estimated to last for 67 days.

Vessel utilisation for 4Q19 was 80% compared with 32% for 4Q18. For the full year 2019, the vessel utilisation was 59%, whereas the utilisation for the full year 2018 was 33%.

The Vali-1 ST1 gas exploration well operated by Vintage Energy is being drilled through the Patchawarra Formation in Australia at a measured depth of 3059 m.

The first phase of the plan to reduce emissions by 2030 means more than 5 million t in annual reductions, representing around 10% of total annual Norwegian greenhouse gas emissions today.

GMS will provide support for offshore activities on behalf of two Middle Eastern national oil companies.

Glass has over 20 years’ experience as both an executive director and as an independent non-executive director of international companies.

The agreement is until end 4Q20, with options until 4Q21.

The project included the subsea inspection of three large conventional jacket structures off the coast of California.