Oil & gas news

Under the terms of the agreements, KrisEnergy has 60 days to declare a final investment decision thereby signalling the formal launch of the Apsara project, which is expected to take up to 24 months to produce first oil.

Premier Oil has confirmed media speculation that it has reached agreement with a third party for the disposal of its entire 33.8% interest in the Wytch Farm field.

Petrotechnics, the developer of the world’s first software platform for operational excellence (OE), has launched the OE Index (OEI) 2017. Now in its second year, the survey assesses how global trends – such as the oil price and digitalisation – are influencing industry attitudes towards OE.

Australian geoscience company Frogtech Geoscience has announced the release of TERRAFLUX, an innovative multi-client heat flow product, providing a unique new approach to assess regional heat flow variability for petroleum system modelling.

Wireline and mud logs have confirmed 4 zones of interpreted gas saturated sandstones at field production levels (depths from approximately 1000 metres (3300 ft) to 1560 m (5100 ft).

Sanchez Energy Corporation has announced that it has entered into a definitive agreement to sell its Javelina asset in the Eagle Ford Shale for approximately US$105 million in cash.

The Boards of Total and A.P. Møller – Mærsk have both approved the acquisition of 100% of the equity of the E&P company Maersk Oil & Gas A/S (Maersk Oil), a wholly owned subsidiary of A.P. Møller – Mærsk A/S, by Total in a share and debt transaction.

ConocoPhillips has received consent for preparations for and the start of the removal of minor structures from the Ekofisk field facilities, including the installation of a temporary crane on Ekofisk 2/4 FTP.

The API has urged the US administration to expand the next five-year offshore oil and natural gas leasing program to include areas of the Outer Continental Shelf, including the Atlantic, Eastern Gulf of Mexico, and Arctic.

Maersk Drilling has been awarded a contract by Shell for the deepwater semi-submersible rig Mærsk Developer.