Oil & gas news

Total has signed a Memorandum of Understanding (MoU) with the Government of Oman to develop natural gas resources in Oman. This MoU covers both upstream and downstream businesses.

On 15 May 2018, the annual general meeting (AGM) in Statoil ASA will vote on the proposal to change the company’s name, from Statoil ASA to Equinor ASA.

LUKOIL and the Basra Oil Company signed a Development Plan of West Qurna-2 field that provides for an oil production plateau of 800 000 bpd.

Suretank Latin America has designed a new 5000 l portable offshore tank for Petróleo Brasileiro S.A.(Petrobras) which will meet all of the regulations required from all international oil companies (IOCs) operating in Brazil.

Proserv, an energy services company, has announced the completion of a successful financial restructuring, strengthening the long term plans of the company.

The international asset integrity specialists EM&I were invited to speak at the OTC this year, about their innovations in the asset integrity industry.

The Trump administration has withdrawn from the nuclear accord with Iran or Joint Comprehensive Plan of Action (JCPOA) and plans to re-impose sanctions on the country.

Serinus Energy plc has reported its financial and operating results for the three months ended March 31, 2018.

Ophir has announced that it has entered into a farm-out agreement with Kosmos Energy covering the EG-24 exploration licence in Equatorial Guinea.

Carnarvon Petroleum Limited has provided the following update on the drilling of the Phoenix South-3.