Oil & gas news

Peak’s advanced flow control products and well intervention solutions will help expand Schlumberger's Production Services portfolio.

Cub Energy Inc. has announced that its wholly-owned subsidiary, Tysagaz LLC, has been granted a new production licence with additional acreage in western Ukraine.

Delek Group has provided an update related to its submission for a bid or a tender issued by the Government of Cyprus for the acquisition of exploration rights for oil and/or natural gas.

GeoPark Limited has announced the successful drilling and testing of the Tigana Sur 4 development well in the Tigana oil field in the Llanos 34 Block in Colombia, resulting in consolidated net exit production of approximately 24 400 boe/d.

Cooper Energy Limited reports that Worrior-11, an oil development well located in PPL 207 in the Cooper Basin, South Australia, has been cased and suspended after reaching a total depth of 1669 m.

NEL has developed a novel method for calculating Reynolds numbers in real time, helping the O&G industry to significantly reduce financial exposure of heavy oil flow measurement.

Fagioli and RINA Services work to ensure smooth installation of colossal Hebron platform topsides.

A definitive agreement with a subsidiary of Venado Oil and Gas, LLC , an affiliate of KKR, covers the sale of SM Energy's third party operated assets in the Eagle Ford, including ownership interest in related midstream assets, for US$800 million.

Statoil plans to drill around 30 exploration wells in 2017, an increase of around 30% compared to 2016. More than half of the wells will be drilled on the Norwegian Continental Shelf (NCS).

The board of directors has reached an agreement with Rex W. Tillerson, former chairman and CEO, to sever all ties with the company to comply with conflict-of-interest requirements associated with his nomination as secretary of state.