Oil & gas news

Oil prices could touch highs last seen in April when the Organisation of the Petroleum Exporting Countries (Opec) convenes its next meeting in Vienna on 25 May, WisdomTree’s Nizam Hamid has said.

Vitol has announced that oil production has commenced on the Sankofa Oil and Gas Project, which is developing the Sankofa and Gye Nyame group of fields, approximately 60 km offshore Ghana.

Clariant and Huntsman Corporation have announced that their Boards of Directors unanimously approved a definitive agreement to combine in a merger of equals through an all-stock transaction.

The global land drilling rig market has been through a tough downturn characterised by an inward focus through the supply chain on survival.

Schlumberger has signed a memorandum of understanding with Saudi Aramco to develop an In-Kingdom Total Value Add roadmap, in alignment with the Kingdom’s economic vision for 2030.

Halliburton Co. has launched drilling operations in the Zhuravlinaya area of the Vostochno-Taimyrsky license block for LUKOIL.

The rig was named Heydar Aliyev at a ceremony in Azerbaijan by the President of Azerbaijan, Ilham Aliyev.

Aker BP has received consent to use Mærsk Invincible for plugging wells at Valhall.

M² Subsea, a global independent provider of ROV services, has secured its first contract award which is valued in excess of one million pounds.

Andrew Greenwood, Recruitment Director – Europe and Africa at Airswift, provides commentary on Conservative decommissioning policy.