Oil & gas news

LWP will receive an initial payment of US$900 000, with the remaining US$5.1 million invested in a sharing agreement to be received over the next 18 months.

SapuraKencana Petroleum Berhad's wholly-owned subsidiary, SapuraKencana Mexicana S.A.P.I. de C.V., has been awarded a contract with a value of approximately US$113 million.

UK-based Lanstead Capital LP is set to become a cornerstone investor in LWP, subject to shareholder approval at upcoming EGM.

Worth in excess of US$17 million over three years, the contracts will see Expro work on ONGC’s assets throughout western and eastern areas of India.

ITF General Secretary, Steve Cotton, has spoken out in support of the RMT and Unite offshore workers taking industrial action in the North Sea.

The company’s goodwill initiative is aimed to support industry for geoscientists affected during the downturn in the current market.

The new acquisition programme is an outboard extension of Spectrum’s 2012 Santos Campos Phase 1 survey.

Falcon Oil & Gas Ltd. has announced the successful re-entry and casing of Amungee NW-1H horizontal well and the spudding of the Beetaloo W-1 vertical well in the Beetaloo Basin, Australia.

Increasing the production of US oil and natural gas resources is vital to the nation’s economic and national security, and that of its allies, according to the API.

Otto Energy has received the independent resources report on the Bivouac Peak opportunity onshore Louisiana from operator, Byron Energy Limited.