Oil & gas news

LOC Egypt has been awarded a two-year marine assurance and inspection contract by BP Egypt.

Petrobras and Chinese state firms CNOOC and CNODC made the only bids out of over a dozen major oil firms who had registered. Two of four blocks on offer got no bids.

The well targeted an extension of the Upper Jurassic Rogn Formation sandstone which forms the main reservoir of the producing Draugen field.

Gravity's acquisition of On Point will create the largest commercial produced water disposal company by injection volumes in the Midland Basin.

No liquid hydrocarbons were recovered from the initial exploration well, and Hilcorp and Otto have agreed that the low flow rates observed are not sufficient to economically justify the future costs of a fracture stimulation, facility and pipeline connection.

The survey started in late 2018 and covered the Buzios field, lying in approximately 2000 m water depth.

Cooper Energy and Beach Energy are conducting a appraisal programme in the Cooper Basin.

Rystad Energy estimates the discovery to hold recoverable resources of around 70 million boe.

The drilling service provider demonstrated its quality management system met the strict criteria set out by API after being audited in October.

The Cougar XT electric underwater robotic vehicle will boost RusselSmith's subsea operations in Africa.