Oil & gas news

Revenues from E&P operations combined with a further reduction in G&A costs, strict discipline on all spending and a rigorous management of receivables have helped the company to deliver another step towards overall profitability.

The company have announced their intention to initiate the permitting process for three new wells in the Permian Basin, accelerating their original plans to develop the areas assets.

Heerema Fabrication Group has been awarded an Engineering, Procurement, Construction and Installation contract for the Q10-A unmanned offshore platform.

Following an acquisition of 28.75% working interest in its operated natural gas prospective permit authority to prospect, Bengal Energy has now consolidated its ownership of ATP 394 to 100%.

Total has reinforced its position in deepwater Gulf of Mexico by signing an agreement with Samson in order to acquire Samson Offshore Anchor, LLC.

Operators have benefited from enhanced valve resilience in hostile P&A environments

"Santos is now a stronger, more resilient company with the capacity to execute and bring on-line growth opportunities across its core long-life natural gas assets." - CEO, Kevin Gallagher.

Reveal Energy Services announced today the company has validated more than 2500 hydraulic fracturing stages throughout the US with its simple, accurate, affordable pressure-based fracture maps.

The International Marine Contractors Association’s (IMCA) Capt Andy Goldsmith, Technical Adviser – Marine, will be speaking on crucial aspects of Dynamic Positioning (DP) at the European DP Conference in London on 6 February.

The first export cargo of Catcher oil of approximately 500 000 bbls was lifted yesterday, earlier than anticipated, and has been sold at a premium to Brent.