Oil & gas news

Isolation Technologies (IsoTech), a designer and manufacturer of zonal isolation equipment, has developed the IsoTech Combo Tool to improve slurry placement with a single tool.

Churchill Drilling Tools, an oil field service company specialising in downhole tools, has shortlisted as a finalist for the 2017 Offshore Achievement Awards hosted by the Society of Petroleum Engineers (SPE).

Rystad Energy concludes that the 2016 total offshore discovered liquids resources reached only slightly below 2.3 billion bbl, 90% lower than in 2010.

The Norwegian Petroleum Directorate has granted Statoil Petroleum AS a drilling permit for wellbore 6507/3-12, cf. Section 8 of the Resource Management Regulations.

BNK Petroleum Inc. has announced that it has successfully finished drilling the first well of its 2017 drilling programme, the Chandler 8-6H well, in the Company's Tishomingo Field, Oklahoma.

UK Export Finance (UKEF) has announced that it will provide US$400 million in support for a GE Oil & Gas contract with Ghana's Offshore Cape Three Points Project.

Faroe Petroleum has announced that it has been awarded four new prospective exploration licences, including two operatorships, under the 2016 Norwegian APA (Awards in Pre-defined Areas) Licence Round on the Norwegian Continental Shelf.

Baker Hughes and Schlumberger will be awarded the contracts for integrated drilling and well services on the Cat J rigs Askepott and Askeladden. The rigs will perform work at Oseberg and the Gullfaks.

Cairn intends to announce its preliminary results for the year to 31 December 2016 on Wednesday 8 March 2017. In advance of these results, Cairn is providing information on recent operations and guidance in respect of the Group’s trading performance in 2016.

Tullow Oil has announced that the Erut-1 well in Block 13T, Northern Kenya, has discovered a gross oil interval of 55 m with 25 m of net oil pay at a depth of 700 m. The overall oil column for the field is considered to be 100 to 125 m.