Oil & gas news

Following the ‘Vienna Agreement’ on 30th November, 2016, Ministers from OPEC met with a number of Ministers from non-OPEC oil producing countries on Saturday, 10th December, at the OPEC Secretariat in Vienna.

The managing executer of phase 19 of South Pars reported of the increase in the phase gas production and stated that with the operationalisation of 19A platform, the daily gas extraction of the phase from the South Pars would be increased to 42 million cubic meters per day.

The appointment remains subject to the approval of the Oil and Gas Authority.

The company has submitted the Blythe Field Development Plan in draft format to the Oil and Gas Authority.

The company has provided an update on plans to recommence production drilling at the Goudron Field in Trinidad following confirmation of the refinancing of the company's loan facility.

Marsol International has announced the launch of its new office, Marsol International Abu Dhabi.

The contract, with work being undertaken in 2018 by one of the Company’s key installation vessels, is designed to further enhance inter oilfield communication networks in the North Sea.

AWE Limited has reported that the Waitsia Joint Venture has made strong progress in its preparations for Stage 2 of the Waitsia gas project.

Spencer Linsell demonstrates that for innovation to become the norm, a collaborative, industry-wide approach will be key.

A new study by Wood Mackenzie shows that exploration should return to profitability in 2017 after five years of only single-digit returns.