Oil & gas news

In the second annual roundtable hosted by Trelleborg, industry experts agree that the silver lining in the low barrel price is the willingness of the industry to embrace innovative solutions that can lower overall costs while not compromising safety.

The Buchan Alpha oil production vessel has arrived safely in Lerwick, Shetland for disposal.

Aker BP ASA has awarded an agreement to Odfjell Drilling for the lease of the semi-submersible drilling rig Deepsea Stavanger for a period of approximately 9 months, with commencement in February 2018.

Range has entered into a binding sale and purchase agreement to acquire certain producing assets from a wholly owned subsidiary of Trinity Exploration and Production Plc for a cash consideration of US$4.55 million.

The Waitsia-4 appraisal well reached total depth (TD) of 3744 m measured depth below rotary table (MDRT) at 15:30 hours (3.30 pm) AWST on 10 August 2017 and preparations are now being made to commence a wireline logging programme.

The Industry Technology Facilitator (ITF)’s latest Innovation Network Tech Talk event will bring together technology developers, industry bodies, service companies and operators to discover the opportunities for efficient and cost-effective decommissioning and well abandonment.

Xodus Group has appointed Enrico Salardi as its decommissioning director to lead the company’s experienced ‘decom division’ which was formed in 2015.

Zion Oil & Gas, Inc. continues active drilling operations at its Megiddo-Jezreel #1 well in Israel. The company has reached a depth of approximately 5850 ft (~1785 m) toward a proposed total depth of up to ~15 000 ft.

M2 Subsea, the global independent provider of ROV services, has formed an alliance with leading vessel operator, Harvey Gulf Marine International to provide subsea ROV services in the Gulf of Mexico.

Comet Ridge Limited has provided an update on the field work presently occurring in and around the Mira production pilot, in the northern central part of the Mahalo Block, approximately 240 km west of Gladstone in central Queensland.