Oil & gas news

Faroe Petroleum has announced the conditional acquisition of a further 13.9935% interest in the Blane Field in the UK North Sea from JX Nippon Exploration and Production (UK) Limited for a total consideration of US$5.25 million.

Saipem and Petrobel have finalised offshore contract variations worth US$900 million for EPCI activities in relation to the 'Optimised Ramp Up' phase of the 'supergiant' Zohr Field Development Project situated in the Mediterranean Sea off the Egyptian coast.

Plug & abandonment (P&A) and well repair specialist HydraWell has appointed Mark Sørheim as its new chief executive officer.

Move set to strengthen service offering in Asia Pacific and further extends global reach.

Statoil and its partners have started production on the Byrding field as planned. Recoverable volumes in Byrding are estimated at a good 11 million boe.

SPX FLOW and WTE Wajdi Group have signed a joint venture agreement to establish a mechanical equipment service centre to serve oilfields in Southern Iraq.

API has welcomed a letter in support of the safe and environmentally responsible development of the US’ offshore energy resources.

ABIS Holdings Energy Services Ltd has signed an agreement to support the development of a port on the Spanish island of Gran Canaria.

Gazpromneft-Noyabrskneftegaz, a subsidiary of Gazprom Neft, has completed the drilling and testing of its first production well at the Zapadno-Chatylkinskoye field.

Interoil Colombia E&P and SLS have announced the testing of the three layers targeted in Vikingo.