Oil & gas news

Norway spent US$18 billion in 2017 on offshore developments, with the US and Mozambique also making significant contributions.

Polarcus has extended the agreement with TGS for an additional year.

The recently drilled well located at the Beach Marcelle field has been successfully put into production and is flowing at a stabilised rate of 120 bpd on a restricted choke of 5/32 in.

First Production from F1, F2 and F3 wells expected early March 2018

Shell has revealed that the sale of the unit has been terminated and will not complete.

The contract, which was signed December 2017, is expected to commence in February 2018 and covers development drilling on the Jubilee and TEN fields offshore Ghana.

Tethys Oil AB has provided an production update for its operations in the Sultanate of Oman.

The move is a response to increasing demands for ship-to-ship transfers to support Brazil’s soaring oil exports.

Trelleborg is the first company to win the Oil and Gas Engineering Product of the Year Gold Award for its newly developed Standardized Buoyancy Module.

The collaboration between the two companies saw them identify and map oil seepage off the coast of California.