Oilsands news
Add Energy wins new contracts with QHSE technology
Add Energy has recently secured work with three operators in the North Sea for the provision of Environmental Management and Reporting Software (NEMS Accounter).
Statoil oil discovery in Verbier sidetrack
Statoil and partners have made an oil discovery in the Verbier sidetrack well in the outer Moray Firth on the UK Continental Shelf.
Shell completes divestment of oil sands interests in Canada
Royal Dutch Shell plc has announced the completion of two previously announced agreements that will see Shell sell all its in-situ and undeveloped oil sands interests in Canada and reduce its share in the Athabasca Oil Sands Project (AOSP) from 60% to 10%.
Sunshine Oilsands signs MOU with CPECC regarding West Ells Phase II project expansion
West Ells Phase II is an expansion of the Phase I project with an additional production capacity of 5000 bpd.
Marathon Oil announces US$2.5 billion Canadian oilsands divestiture and US$1.1 billion Permian Basin acquisition
Marathon Oil Corporation has announced it has signed an agreement to sell its Canadian subsidiary, which includes a 20 % non-operated interest in the Athabasca Oil Sands Project (AOSP), to Shell and Canadian Natural Resources Limited for US$2.5 billion in cash.
NEL helps O&G industry reduce financial burden of heavy oil measurement
NEL has developed a novel method for calculating Reynolds numbers in real time, helping the O&G industry to significantly reduce financial exposure of heavy oil flow measurement.