Oil & gas news

The MoU supports Saudi Aramco’s In-Kingdom Total Value Add (IKTVA) initiative, which is part of the Kingdom’s Vision 2030 plan.

The Iris/Hades (Aerosmith) well is located in the Halten Terrace, some 200 km offshore in the Norwegian Sea and adjacent to the producing Morvin and Aasgard fields.

Lundin Norway AS, operator of production licence 533, is in the process of completing the drilling of wildcat wells 7219/12-2 S and 7219/12-2 A.

Cabot Energy has provided the following update on the company's production and announces the appointment of a new Executive Director to the board.

The well is anticipated to take 20 - 25 days to drill and complete. If successful the well is anticipated to be completed, flow tested and connected to the existing infrastructure.

The president of Bolivia, Evo Morales, and Repsol president Antonio Brufau held a meeting in Bolivia, during which they agreed that the exploration of the Iñiguazú field will be carried out by a consortium led by Repsol.

FAR has undertaken a detailed geotechnical evaluation for its two offshore blocks in The Gambia and completed an assessment of hydrocarbon resources.

Western Isles (Dana 77% and Cieco 23%) is now producing from the Harris and Barra oilfields in the Northern North Sea, 160 km east of the Shetlands and 12 km west of the Tern field.

INEOS UK SNS Limited has agreed to take a majority share in two exploration licenses in the Northern Gas Fields West of Shetland which contains the Lyon prospect, from Siccar Point Energy E&P Limited.

Aker BP ASA has entered into two separate alliance agreements, one with Maersk Drilling and Halliburton for Jack-Ups, and one with Odfjell Drilling and Halliburton for semisubmersibles.