Oil & gas news

Iraq’s crude-oil production is gradually increasing thanks to expansion at previously delayed oil projects. However, the existing contracts are still not able to reach their full potential, according to GlobalData.

Soorya Tejomoortula, oil and gas analyst at GlobalData, comments on planned and announced crude and natural gas projects in Indonesia over the period 2018–2025.

The appointments signal EnerMech’s strong intent to substantially expand the business across global energy, engineering and infrastructure markets.

The 2019 operating plan is expected to continue driving underlying improvement in return on capital employed.

The Norwegian Petroleum Directorate has granted Aker BP ASA a drilling permit for well 2/11-12 S cf. Section 15 of the Resource Management Regulations.

PGNiG Upstream Norway AS has acquired a detailed 2D seismic image, which will facilitate the selection of a drilling location in the Shrek prospect within the PL838 licence area.

Maurel & Prom Venezuela, subsidiary of Maurel & Prom, has acquired Shell’s 40% interest in the Petroregional del Lago Mixed Company.

The companies have announced that they have achieved significant progress in the scope of their Strategic Alliance, signed in March 2017.

The company has completed its previously announced sale to BP of a ConocoPhillips subsidiary that holds a 16.5% interest in the BP-operated Clair Field for an undisclosed price.

The Vladimir Filanovsky field accounts for the most significant gain in production.