Oil & gas news

Lundin Petroleum AB (Lundin Petroleum) has announced that its wholly owned subsidiary Lundin Norway AS (Lundin Norway) has commenced drilling well 7220/11-5 on the Alta discovery in PL609 in the southern Barents Sea. Following drilling, the well will be used for extended well testing.

Total has acquired several assets located in the Gulf of Mexico as part of the Cobalt International Energy company’s bankruptcy auction sale.

SDX Energy Inc., the North Africa focused oil and gas company, has announced that a gas discovery has been made at its Ibn Yunus-1X exploration well at South Disouq, Egypt (SDX 55% working interest and operator).

International Frontier Resources Corporation has announced that in partnership with Mexican petrochemical leader Grupo IDESA, Tonalli Energia has spudded its first evaluation well, TEC-10, at its onshore Tecolutla block. 

Tendeka will supply its specialist FloSure Elite sand screens with its FloSure autonomous inflow control devices (AICDs) and zonal isolation products for two developments in the country.

Noting a significant upturn in marine activity supporting the UKCS oil and gas sector, Aberdeen-based Seacroft Marine Consultants Limited has reported more than £500,000 in new contracts won in the first 3 months of 2018.

During his speech Tuesday at the Boao Forum, Chinese President Xi Jinping gave reassuring words to help calm tariff tensions with the US. Xi’s commitment to cut tariffs and open the economy could be a first step in drawing more interest from foreign investment.

Deloitte’s report, the second in its Upstream Diversification Index (UDI) series, reviewed asset portfolios of the top 230 global upstream companies to examine the disconnect between the actions of companies and the verdict of financial markets.

A total of 43 crude and natural gas projects are expected to start operations in four countries in the Former Soviet Union (FSU) between 2018 and 2025, according to GlobalData.

Petro Rio S.A. has initiated the second phase of its revitalisation plan for the Polvo Field.