Oil & gas news

The Verdantix ORM Green Quadrant report follows Sphera’s recent acquisition of Petrotechnics to enhance its end-to-end Operational Risk solution. The report highlights the strength of the now combined offering.

Block Energy Plc, the exploration and production company focused on the Republic of Georgia, is pleased to announce that sidetracking operations from the existing 16a wellbore ('16a' or 'the Well') on the West Rustavi field ('West Rustavi') have commenced.

Leading independent provider of subsea equipment rental, sales and services to the offshore industry Ashtead Technology, has today (23 January, 2019) announced that it has entered into a global strategic partnership with 4Subsea.

Greater investment is expected to fuel oil and gas industry growth in 2019, but signs of old spending habits may be resurfacing.

All 5 large PSVs wholly owned by SDSD are currently working on term contracts.

The company has reached agreement to acquire stakes in the Chevron operated Sarta and Qara Dagh blocks, in the Kurdistan Region of Iraq.

The company has announced first oil from the Van Gogh infill project, marking the successful completion of the two-well programme that will increase production from the field.

Specialist oil and gas consultancy, Oil Plus, has secured contracts worth more than US$4 million (£3.14 million) in the last three months.

TMK, a producer of tubular products for the oil and gas industry, announces its operational results for the fourth quarter and twelve months of 2018.

Wood Mackenzie analyst, Aman Verma, provides a commentary on India's oil products outlook.