Oil & gas news

Industry body Subsea UK has today (Wednesday 14th December) announced the finalists who are in the running to triumph at its 2017 business awards.

Higher drilling efficiency has enabled Maersk Oil to reduce development costs on the Culzean HPHT gas project by US$500 million.

The execution of the Basic Agreement was approved in a meeting of the OMV Supervisory Board on 14 December, but is still subject to signing of the Basic Agreement by the parties. The signing is expected to take place during the course of the day.

Shell has started oil production from the Malikai Tension-Leg Platform (TLP), located 100 km off the coast of the Malaysian state of Sabah.

Petsec Energy has released a preliminary schedule for the development of the Hummer Project at Main Pass Blocks 270/273/274 offshore Louisiana.

CGG has announced that its equipment business, Sercel, has delivered four of its new-generation 508XT land acquisition systems to two seismic companies recently awarded survey work in India by ONGC and Oil India.

Findlay Moir, Underwater Engineering Services, UK, explains how efficiency is being maximised across the decommissioning arena.

The company is to undertake a study of potential impacts associated with rock dumping during the decommissioning of oil and gas infrastructure on mobile sandbanks.

Lokring Northern, provider of advanced fluid and gas transfer connectors, has announced the expansion of its Aberdeen office to accommodate company growth and increasing staff numbers.

The agreement will see the company acquire a 50% operated interest in UKCS Licence P.2243 from Zennor North Sea.