Oil & gas news

Premier Oil has made a key oil discovery in the Zama-1 exploration well in Block 7, offshore Mexico.

Statoil ASA has signed an agreement with Queiroz Galvão Exploração e Produção for the acquisition of 10% interest in the BM-S-8 licence in Brazil’s Santos basin.

Removal of the Murchison platform has been completed successfully by HAF Consortium.

Cyberhawk, the world’s leading engineering company using Unmanned Aerial Vehicles (UAV), has been named a finalist in two categories at this year’s Energy Innovation Awards.

Global energy investment fell by 12% in 2016, the second consecutive year of decline, as increased spending on energy efficiency and electricity networks was more than offset by a continued drop in upstream oil and gas spending.

Sparrows Group has been awarded a three-and-a-half-year extension to its inspection services contract for Stena Drilling’s global fleet of drilling vessels.

The field produces 300 000 bpd. The concession will be operated by the North Oil Company (NOC), which was established a year ago as a partnership between Total (30%) and Qatar Petroleum (70%).

SBM Offshore announces that Shell E and P Offshore Services B.V. (Shell) has notified the company of the fact that Shell is exercising its right under the charter agreement to purchase the FPSO Turritella.

Cairn Energy PLC has announced the results of the FAN South-1 well in the South Fan prospect, offshore Senegal.

Erin Energy Corporation has provided an update on its drilling operations and production levels.