Oil & gas news

Marathon Oil Corporation has announced it has signed an agreement to sell its Canadian subsidiary, which includes a 20 % non-operated interest in the Athabasca Oil Sands Project (AOSP), to Shell and Canadian Natural Resources Limited for US$2.5 billion in cash.

The Horseshoe-1 and 1A wells drilled during the 2016-2017 winter campaign confirm the Nanushuk play as a significant emerging play in Alaska’s North Slope.

Subsea UK has recently announced the addition of three new members to the board ensuring it maintains a strong representation across the industry.

RINA Services has carried out the first independent review and verification of risk management in line with the EU Directive 2013/30/EU in Italy for the multinational oil and gas operator Eni S.p.A. Eni.

Beginning in early April 2017, FairfieldNodal will commence back-to-back surveys in the North Sea, continuing what is expected to be a busy acquisition season.

UK Chancellor, Philip Hammond, has announced possible tax incentives for the oil and gas industry. A selection of industry commentators give their verdict.

Chevron has announced that its subsidiary, Cabinda Gulf Oil Company (CABGOC) Limited, has commenced oil and gas production from the main production facility of the Mafumeira Sul project offshore Angola.

SNC-Lavalin has announced that its wholly owned subsidiary Kentz Overseas Company WLL has been awarded a five-year commissioning support services framework agreement by Petroleum Development Oman (PDO).

A review of the employment environment in the energy sector by Petroplan has found that, despite a major contraction in the value of the energy employment market over the past two years, global oil prices are now around the level where demand for talent looks set to pick up again.

6000 ft borehole drilled with support of Cubility’s MudCube, the industry’s first compact solids control system.