Oil & gas news

Trendsetter Engineering has successfully completed live well operations with their new 15 000 psi subsea hydraulic intervention system (referred to as STIM).

Royal Dutch Shell plc has reached an agreement to sell its interest in the Corrib gas venture for up to US$1.23 billion.

DeepOcean will perform remote hyperbaric tie-in of the oil export pipeline on the Johan Sverdrup field in the North Sea.

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%).