Oil & gas news

The MultiClient FTG Programme includes airborne 3D Full Tensor Gradiometry (FTG) and magnetic survey data that will be undertaken over offshore Peninsular Malaysia, Sarawak and Sabah.

LGO has confirmed that final approval was granted by the Forestry Department on Friday, 10 February 2017, to cut trees in order to clear the well sites for the impending two shallow infill wells at the Goudron Field in eastern Trinidad.

ExxonMobil has awarded to Pason Systems, Inc. the first global license of its Drilling Advisory System™, a key component of the company’s Fast Drill™ technology suite.

The contacts have a total value, included options, of NOK 2.7 billion. The vessels will be part of Statoil’s area-wide emergency response on the Norwegian continental shelf (NCS).

Genel Energy plc has announced that it has finalised documentation of previously agreed terms of Amended and Restated PSCs and gas lifting agreements for both the Miran and Bina Bawi gas fields.

Lundin Petroleum AB has announced that its wholly owned subsidiary Lundin Norway AS has made an oil and gas discovery in the main well 7219/12-1 and is presently drilling a sidetrack 7219/12-1A on the Filicudi prospect.

TransCoil rigless-deployed ESP expands the operating envelope and improves reliability versus existing alternative deployment systems

When is a final investment decision (FID) not a FID? When it’s an internal FID. By Readul Islam, Senior Analyst, Rystad Energy.

The company has won a bankruptcy auction to acquire the acres, including drilling rights on 44 100 net acres in the Utica and current natural gas production of approximately 80 million ft3 per day, from Stone Energy Corp.

The company has announced that the Board has approved expenditure of US$2.2 billion for its share of the development of the Mad Dog Phase 2 project in the Gulf of Mexico.