Oil & gas news
MODEC to supply FPSO to Petrobras for Búzios 5
The first oil production by the FPSO is planned for 2022, and the firm time charter period of the contract is 21 years.
Foothills Exploration expects to close on Montana acquisition in 3Q19
The company is aiming to complete the acquisition of 7000 acres and 87 oil and gas wells in the US state by 22 August.
TGS and PGS to collaborate on survey offshore East Canada
The Jeanne d’Arc HD3D survey borders Newfoundland’s prominent producing fields such as Hibernia, Terra Nova, White Rose, North Amethyst and Hebron.
Chisholm Oil and Gas and Gastar Exploration to merge
The combined company, which will operate under the name Chisholm Oil and Gas and be headquartered in Tulsa, Oklahoma, US, will have net production of approximately 20 000 boe/d.
Oil discovered at Jorvik and Tellus East exploration wells
The combined gross resources of Jorvik and Tellus East are estimated to be between 4 and 37 million boe.
The Next Step - part one
Nathan Klammer and Jason Ross, Entro Industries, USA, explain how new automatic features can optimise rig walking in the oilfield.
Hunting H-2 perforating system sets wireline pump down record
In a recent Delaware Basin field trial with a major US land operator, the H-2 Perforating System was utilised to successfully run 45 perforating guns.
Acquisition adds managed pressure drilling to Exceed’s portfolio
Exceed has announced the acquisition of Lowestoft-based Managed Pressure Resources (MPR), adding managed pressure drilling engineering and supervisory services to its portfolio.
SM Energy raises production guidance
The company has raised guidance for 2Q19 and full year production volumes by 0.4 million boe.
Equinor completes acquisition of interest in BM-S-8 block, Santos Basin
The 10% interest in the BM-S8-block in Brazil's Santos basin has been acquired by Equinor from Barra Energia for US$379 million.