Oil & gas news

Well-Safe Solutions has announced the appointment of two more directors to lead the recently launched business which aims to become a market-leader in North Sea decommissioning.

KBR will also perform PMC services for the Detailed Engineering phase of the project under a contract awarded by Occidental of Abu Dhabi Ltd. which is jointly managing the project with OMV Offshore Abu Dhabi GmbH on behalf of ADNOC.

The relationship will combine the expertise of a global leader in cloud and digital transformation with a global leader in exploration and production (E&P) science, software and services.

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.