Oil & gas news

The industry body will showcase the expertise available within the British subsea sector at Latin America’s largest oil and gas event, Rio Oil and Gas Expo and Conference this week.

A deal has been secured with Oceanscan for the purchase of multiple Gemini 720is and Narrow Beam Imaging (NBI) units from the company’s range of multibeam imaging sonars.

The platform is to be loaded from the industrial yard of the offshore company in KhoramShahr in order for being transported to the tank position.

Work is underway to begin the stimulation campaign for six further wells within the company’s ongoing Oil Window and Gas Window operations.

The WAVE-4 marine personnel transfer carrier will be introduced to the oil and gas industry at the Offshore Energy 16 exhibition and conference in Amsterdam, October 25 and 26.

Rubicon Oilfield International has announced that it has completed the acquisition of all of the outstanding common shares of Logan International Inc. for $1.59 CAD per share.

A sustained low oil price environment is a challenging one, with ‘survival of the fittest’ being an undeniable reality of the sector.

Keppel has undertaken its third upgrade project for the Shapoorji Palloni and Bumi Armada joint venture.

The fleet utilisation rate in the third quarter of 2016 was 52%.

The Alinta Energy agreement is the third supply agreement announced by Cooper Energy in the past 14 months.