Oil & gas news

Europa will be assigned a 75% interest in, and operatorship of the licence, located in the Agadir Basin.

Brazil’s recent pre-salt rounds have attracted majors, with BP, ExxonMobil, Royal Dutch Shell, and Statoil all now operators.

The contract is to support Al Dhafra Petroleum's operations at Haliba field, located onshore along the south-east border of Abu Dhabi.

Wood Mackenzie research director, Angus Rodger, said that he expects strong interest in the assets from Australian companies.

The work scope, valued at a seven figure sum, includes the inspection of infrastructure on five manned platforms and multiple unmanned satellite platforms.

The report has also found that that only 39% of asset managers already implement advanced digital methods of maintenance and risk management, of which 26% are using risk-based inspection (RBI) and 13% are using reliability centred maintenance (RCM).

The agreement establishes a foundation for future collaboration between Weatherford and Saudi Aramco.

The technology will help oil production companies, especially operating in cold climate regions, overcome the challenges associated with the transportation of waxy crude oils and the mitigation of wax deposition.

60% of the top 50 oilfield service (OFS) contractors already improved margins and increased operational efficiency in the first half of 2019.

The new space will house Oxford Flow’s growing team, which has added 10 people in the last year.