Oil & gas news

Statoil has finalised an exploration drilling programme, which has not resulted in the discovery of hydrocarbons.

The contract covers the provision and management of the marine and offshore activities related to the tanker loading, via the single point mooring (SPM) offshore marine terminal including maintenance works, vessels, equipment, and manpower.

SIMMONS EDECO, a supplier of wellhead and valve maintenance, asset integrity solutions and onshore drilling services to the global oil and gas industry, announced that it has been awarded a major contract by Maersk Oil.

Conventional exploration performance has improved considerably in 2017, with commercial success rates above 50% and much lower finding costs than for the same period in 2016.

The recent financial pressures as a result of the oil downturn have left cyber security functions for many firms within the oil and gas sector considerably underfunded and out of date.

On June 2, 2017, BPTT announced two new gas discoveries offshore Trinidad - Savannah and Macadamia - together amounting to around 1.3 trillion cubic feet of recoverable resources, based on Rystad Energy analyses.

AWE Limited has announced that that the Waitsia-4 appraisal well has commenced drilling operations.

Repsol and Gazprom Neft are set to extend their collaboration in west Siberia after signing a Memorandum of Understanding.

DNO has resumed field appraisal drilling following extended testing of the Cretaceous and Jurassic reservoirs.

Petroleum Safety Authority Norway has given Statoil its consent for exploration drilling in the Barents Sea.