Oil & gas news

2018 stands already as the best year for global oil and gas exploration since 2015. Guyana, Russia and the United States top the list with major discoveries.

The company will provide helicopter services in support of OMV’s forthcoming drilling programme at the PL 644 field in the Norwegian Sea.

The renewal for Admarine 657, which is currently contracted and operating in Saudi Arabia, is effective after the expiry of its existing contract during Q1 2019.

The companies have signed a memorandum of understanding with Western Gas Corporation Pty Ltd to be the exclusive development partners for the Equus Gas Project in Western Australia.

Serenity provides i3 with exposure to low cost and potentially high return upside that could be tied in to either its Liberator Phase I or incremental Phase II infrastructure.

The project, located in the VIC/L1 block offshore Victoria, is part of the company’s continuing investment in the Gippsland Basin.

The acquisition enhances Acteon’s subsea integrity management offering.

Wood Mackenzie's research analyst Jean-Baptiste Berchoteau comments on the announcement by Thailand's Department of Mineral Fuels (DMF) that PTTEP has won the auction round for both G1/61 (Erawan) and G2/61 (Bongkot) PSCs.

Siccar Point Energy has signed an agreement with its existing syndicate of banks to increase and extend its existing Reserves Based Lending Facility.

Adrian Lara, Senior Oil and Gas Analyst at GlobalData, offers his view on the impact on the upstream sector.