Oil & gas news

The company's operating cash flow totalled US$597 million, a 22% increase compared to the second quarter. Third-quarter oil production increased 19% year-over-year, exceeding guidance.

This will allow Halliburton to collaborate across industries with research and development projects that will advance next-generation technologies

The company has acquired a 9.57% stake in the supergiant Azeri-Chirag-Gunashli oilfield.

The change applies to all deepwater production sharing contracts, regardless of vintage.

Sparrows Group has doubled the size of its operations in the United Arab Emirates after securing contracts worth in excess of £55 million in the past three months.

The company has expanded its teams in the Middle East and Mexico.

The Tambak-1 well is located approximately 4.5 km north of the Mako South-1 location and is designed to both appraise the extent of the Mako gas field as well to test the underlying Tambak prospect.

Ashley Sherman, principal analyst, Caspian upstream reflects on Chevron's confirmed cost increases and delays.

The company said in a statement that it intends to float on the Riyadh stock exchange.

It is currently estimated that the Walyering prospects in Western Australia may contain up to 263 billion ft3 of gas and 6.3 million bbl of associated condensate.