Oil & gas news
Hexion releases Canadian resin coated proppants
Hexion’s Oilfield Technology Group has announced the release of new resin coated proppants that are produced in Canada.
EIA reports on changing US energy mix
Primary energy consumption fell slightly in 2015, as a decline in coal use exceeded increases in natural gas, petroleum and renewables use.
EIA: Increased drilling may slow pace of Lower 48 states crude oil production declines
According to the US EIA, Higher and more stable crude oil prices are contributing to increased drilling in the United States.
Contango enters into agreement to purchase Southern Delaware Basin acreage
Contango Oil & Gas Company is purchasing approximately 12 100 gross undeveloped acres for up to US$25 million in the Southern Delaware Basin of Texas.
Spectrum to upgrade key 3D seismic offshore NW Australia
The Olympus Project will provide a regional viewpoint along one of the most prolific trends on the NW Shelf.
Acquisition of further interest in Horse Hill-1 oil discovery and licences, Weald Basin
UK Oil & Gas Investments PLC has announced that it has acquired the entire 3.9% interest of Flowermay Limited (Flowermay) in onshore Weald Basin licences.
Petronas awards exploration block SK410B
Petronas has awarded a Production Sharing Contract (PSC) to PTTEP HK Offshore Limited, KUFPEC Malaysia Limited (KUFPEC), and Petronas Carigali Sdn Bhd for the exploration Block SK410B.
ExxonMobil to acquire InterOil
ExxonMobil has announced it will acquire InterOil in a transaction worth more than US$2.5 billion.
Ocean Installer wins Malta mooring work
Ocean Installer has been awarded a turnkey project for procurement and installation of a spread mooring chain system for a floating storage unit (FSU) in Malta.
Ulterra to partner with American Securities
The partnership will see Ulterra purchased from ESCO Corporation.