Oil & gas news

The contract is for the provision of drilling operations, maintenance services and engineering support for the Oseberg and Kvitebjørn fields.

BP and state-owned Brazilian oil company Petrobras have announced that they have signed a memorandum of understanding to form a strategic alliance to jointly explore potential business opportunities both in Brazil and beyond.

Condor Petroleum Inc, a Canadian based oil and gas company focused on production and exploration activities in Turkey and Kazakhstan provides an update on the extension of the Zharkamys exploration contract.

MMT has extended its contract with Simon Møkster Shipping AS for the DP2 multipurpose support vessel Stril Explorer.

Echo Energy plc, the Latin American focused upstream oil and gas company, has announced gas to surface on the first well of our three well workover campaign at the Company's Fracción D asset, onshore Argentina.

The Petroleum Safety Authority Norway have given Wellesley Petroleum (Wellesley) consent for exploration drilling of well 35/12-6 S in production licence 925 in the North Sea.

The company currently holds a 50% non-operated interest in the Icacos Field, via its subsidiary Leni Trinidad Limited ("LTL").

The award scope initially covers the refurbishment and upgrade of the existing subsea control system.

Managed Pressure Drilling (MPD) is an adaptive drilling process that allows greater control of the annular pressure profile throughout the wellbore.

The collapse of the Venezuelan economy has been fed by a continuing drop in crude oil production. The country’s annual production has gone from an estimated 2.86 million bpd in 2010 to 2.07 million bpd in 2017.