Oil & gas news

Equinor has signed an agreement with Aker BP to sell its 77.8% operated interest in the King Lear discovery on the Norwegian Continental Shelf (NCS) for a total of US$250 million.

Highlands, the London-listed natural resources company, is pleased to announce the formation of Highlands Water Resources Corporation.

Both Titan Torque and EnerQuip, which designed and manufactured the new unit for Titan, believe the combination of its scale, capability and power make it the largest machine of its kind in Europe.

The entire process is handled by a single operator working from a safe distance away from the wellhead and takes about 60 seconds. RigLock is also capable of handling three connections simultaneously.

The company has provided an update on FEL 6/14 that contains the Newgrange Prospect.

The company has entered into an agreement with Equinor Energy to acquire its 77.8% interest in the King Lear gas/condensate discovery in the Norwegian North Sea.

NES has continued to pursue a strategy of organic growth complemented by targeted acquisitions.

The company has launched its annual OE Index, which aims to assess the pace and impact of digital transformation in hazardous industries.

The overall value of the contracts is approximately US$400 million.

Coretrax has successfully saved a North Sea operator more than £500 000 during a well abandonment campaign in the UKCS.