Oil & gas news

Brad Baker, CEO of Tendeka, reflects on the previous year and outlines what 2020 might have in store for the upstream oil and gas industry.

The target will align Schlumberger with the goals of the Paris Agreement to reduce climate change.

The €5 million fixed rate 5-year bond offer was fully subscribed as the offering attracted strong demand from the investors.

The country's Ministry of Mines and Hydrocarbons is expecting direct investment of a minimum of US$1.4 billion; a firm US$1.2 billion and a contingent forecast of US$273 million predicted for 2020, associated with the drilling of two wells and the continuous development of six existing wells.

Corinne Sprague, who has served as LAGCOE’s Event and Volunteer Services Coordinator since 2018, will take on the role of Interim Executive Director after Cring’s departure in January of 2020.

ARC’s 2018 market analysis report confirms ABB as No. 1 in the global Distributed Control System market for the 20th consecutive year.

The granting of supplementary patents expands the company's technology portfolio and further strengthens its offering to the global subsea market.

The study will cover an area of approximately 80 000 km2 of the offshore Niger Delta and will incorporate around 150 cores from the seabed.

The production of oil from Layang is estimated at approximately 3000 bpd, and an estimated 10 000 boe/d with natural gas combined.

The award contains the HPHT North Eigg and South Eigg prospects. The primary prospect is North Eigg which is estimated to contain 360 billion ft3 (P50) and potentially over 1 trillion ft3 (P10) of recoverable gas.