Oil & gas news

Europa Oil & Gas has announced that its wholly owned subsidiary has signed a farm-out Agreement in relation to a 12.5% interest in the PEDL143 licence in the Weald Basin with a wholly owned subsidiary of Angus Energy PLC.

The Ntorya-2 well has been drilled with results ahead of expectations with 25 - 30 m net gas column.

GeoPark Limited has announced new drilling successes in the Llanos 34 Block (GeoPark operated with a 45% working interest), in Colombia.

Ocean Installer has recently completed the very first permanent subsea installation at the Johan Sverdrup field, marking the kick-off of the Johan Sverdrup offshore work.

Two years after Valemon came on stream Statoil has made a new gas discovery on the field, called Valemon West. The discovery is estimated to contain between 20 and 50 million boe.

British subsea companies are expecting to increase overseas activity in the next 12 months, according to a survey conducted by industry body, Subsea UK.

ITF is welcoming additional participants to a new joint industry project (JIP) to develop pipeline anchoring and monitoring systems which could mitigate the risk of pipeline walking and cut pipeline anchor installation costs in half.

Flexitallic, the global leader in static sealing solutions, has unveiled its latest technology innovation, Corriculite, for use in corrosion sensitive applications, including those prevalent in the offshore industry.

Oceaneering International, Inc. announced that one of its subsidiaries has been awarded a technology development contract by Statoil Petroleum AS.

Harbour Energy Ltd has announced it has agreed to lead the acquisition by Chrysaor Holdings Ltd of a well-diversified portfolio of oil and natural gas assets from Shell UK Ltd.