Oil & gas news
Vaalco Energy finalises exit from Angola
A settlement agreement provided for a cash payment of US$4.5 million from Vaalco to Angola's National Concessionaire.
Seadrill Partners announces contract award
The contract is for the West Polaris drillship in Southern Asia.
Apache completes exit from Western Anadarko Basin
In May and July, Apache closed the sale of noncore assets in two separate transactions, which included assets in the Western Anadarko Basin and the SCOOP/STACK play.
Range Resources announces asset sales in Appalachia
The company is to sell a a 2% proportionately reduced overriding royalty interest in 350 000 net surface acres in southwest Appalachia, US.
Halfwave secured four subsea pipeline inspection contracts in 1H19
The contracts will see the company's ROV mounted ARTEMIS® tool used on major oilfield projects around the world.
Guyana has limited scope to increase royalties while maintaining competitiveness, says GlobalData
GlobalData has said that Guyana's plan to increase royalties payable on oil and gas production may risk making returns less competitive than under the fiscal regimes of Brazil and Suriname.
Schlumberger appoints new CEO
Olivier Le Peuch succeeds Paal Kibsgaard, who will retire as CEO effective 1 August 2019.
Bureau of Ocean Energy Management announces region-wide lease sale for Gulf of Mexico
77.8 million acres of federal waters in the Gulf of Mexico are scheduled for sale on August 21.
Wild Well Control agrees contract with Fugro for provision of BOP intervention skids
The blowout preventer skids and tests units from Fugro will be included in Wild Well Control's subsea response kit.
Solaris Water starts operations at Lobo Ranch Produced Water Recycling and Blending Center
The expanded facility has the capacity to treat up to 80 000 bpd of produced water and receive 80 000 bpd of non-potable water.