Oil & gas news

Statoil and partners OMV and Petoro have made a small gas discovery in the Gemini North well, northeast of the Wisting discovery in the Barents Sea. The well also proved oil.

The project will offer the industry the highest-resolution 3D seismic data available in this extremely prospective area.

PETRONAS’ subsidiary PC Carigali Mexico Operations, S.A. de C.V., has been awarded shallow water Block 6 in the Gulf of Mexico’s Salina Basin.

New research finds that over a third of energy companies lack the skills they need at both a management and a delivery level to successfully deploy IoT technology

Expro has been awarded a substantial contract from global oil and gas company Maersk Oil for the provision of subsea and well test services on two offshore units in the North Sea.

ION Geophysical Corporation has announced a new 3D multi-client broadband reimaging programme offshore Brazil.

Centrica North Sea Limited (Centrica) has awarded HydraWell a three-year frame contract to provide plug & abandonment (P&A) technology and services for the operator’s “A Fields” in the southern part of the North Sea.

Publicly traded E&Ps and service companies are entering a Q2 earnings season anticipating a slowdown across the unconventional plays.

BP’s profit for the second quarter and half year was US$144 million and US$1593 million respectively, compared with a loss of US$1419 million and a loss of US$2002 million for the same periods in 2016.

McKinsey Energy Insights has released its latest Global Gas Market Outlook, in which the company predicts that natural gas will represent 23% – up from 22% in 2016 – of the global energy mix by 2030.