Oil & gas news

Wells 35/11-21S and 35/11-21A were drilled in production licence Pl248I where Wellesley holds a 60% operated interest.

The company, and partners ENI and Petoro, have completed the Skruis exploration well in the Johan Castberg licence. The well confirms a volume of 12-25 million recoverable bbls.

The company has announced that Blackstone Energy Partners has entered into binding agreements to acquire a controlling, majority interest in Ulterra from affiliates of American Securities LLC.

The company will provide Qatargas with underwater inspection, geotechnical and geophysical services for its offshore operations in Qatar under a new 5-year call off contract.

The company will provide in-country wellhead equipment and services to Abu Dhabi National Oil Company Onshore from its API 6A manufacturing plant in Dubai.

GlobalData’s latest report reveals that a total of 67 crude and natural gas projects by four countries operating in the North Sea are expected to start operations during 2018-2025.

The Norwegian company has reported adjusted earnings of US$2 billion after tax in 3Q18, and reduced its net debt ratio by 1.5% to 25.7%.

Total company revenue was US$3 143.8 million, while net income was US$136.9 million, or US$0.30 per diluted share.

Interior’s Bureau of Ocean Energy Management (BOEM) issued conditional approval to Hilcorp Alaska LLC for its Liberty Project oil and gas development and production plan.

The company has announced that the Greater Western Flank Phase 2 (GWF-2) Project off the north-west coast of Australia has commenced gas production.