Oil & gas news

Pipetech, the independent pipe and process cleaning solutions specialist, has set out ambitious plans to expand its services to industrial markets and introduce subsea and wells to its offshore portfolio following recent contract wins and the appointment of a new leadership team.

Yesterday’s announced sanction of Eni’s Mozambican Coral South FLNG project moves yet another development off Rystad Energy’s delayed FIDs tracker. So far, more delayed projects have been sanctioned to date in 2017 than during the entirety of 2016.

BP Trinidad & Tobago (bpTT) has announced that it has made two significant gas discoveries with the Savannah and Macadamia exploration wells, offshore Trinidad.

Royal Dutch Shell plc has announced the completion of two previously announced agreements that will see Shell sell all its in-situ and undeveloped oil sands interests in Canada and reduce its share in the Athabasca Oil Sands Project (AOSP) from 60% to 10%.

The contract covers the supply of digital well products to the OGA, the UK Government industry regulator, as part of a wider tender for comprehensive subsurface databases and information sources to encourage further exploration in underexplored areas of the UKCS.

Amec Foster Wheeler has announced that it has been awarded a contract by Saudi Aramco, for facilities required as part of the integrated oil and gas expansion of the Marjan offshore and onshore oilfield in the Eastern province of Saudi Arabia.

Transocean Ltd. has announced that it has completed the previously disclosed transaction to sell its jackup fleet to Borr Drilling Limited for a total consideration of approximately US$1.35 billion.

The PowerScrew™ liner hanger from Seminole Services utilises torsional energy from the top drive to efficiently and safely set a liner, eliminating any need for high pressure in the setting process.

Airswift, the global workforce solutions provider for the energy, process and infrastructure sectors, announced that it has been appointed by a major EPC company to deliver global mobility services worldwide.

Rystad Energy now predicts that US oil production grows so fast that an all-time high of 10 million bpd could be reached before December 31st this year.