Oil & gas news

The Belgravia prospect lies within the north westerly graticular block of the WA-155-P(1) permit, adjacent to the Swell-1 exploration well.

The mobilisation of this drilling rig is in order to further energy development in Colombia.

The company is to form a new partnership with Cuadrilla and Lucas.

Wintershall's investments in new wells help to secure supplies in Germany.

GlobalData forecasts that over US$39.2 billion in Capex will be spent by ExxonMobil on oil projects over the next four years, with onshore fields accounting for over half of the company’s crude production in this period.

Frontera Resources Corporation has provided an update regarding interim results on testing of the Ud-2 well, situated inside the 950 km2 Mtsare Khevi Gas Complex area, located in onshore Block 12, Georgia.

The launch, in parallel with engineering, procurement and construction (EPC) work for the conversion of the tanker, was marked with a two-day safety-engagement event.

The line of equity financing comes from funds affiliated with Warburg Pincus, a global private equity firm focused on growth investing.

Amerisur Resources Plc, the oil and gas producer and explorer focused on South America, is pleased to provide an update on agreements in Ecuador for the use of the OBA/RODA pipeline systems for transport of Amerisur crude oil.

CB&I have signed a joint development agreement with Saudi Aramco and Chevron Lummus Global, for the development, commercialisation and marketing of crude-to-chemical technologies.