In 2017, the company's average oil production in Brazil has grown by 0.4% and the average natural gas production has reached a volume 0.9% higher than in 2016.
The German company Wintershall have received shares in six licences by the Norwegian Ministry of Petroleum and Energy, in the Awards for Predefined areas (APA) 2017 licencing round.
The partnership are working towards developing technology that allows for through-tubing cement evaluation prior to the arrival of a costly rig or workover unit.
Scottish-American software and energy company Ziyen Inc., which has operations in Aberdeen and Inverness, has announced it has secured a further two major oil contracts in the Illinois Basin, USA.
Cobalt Extreme recently launched a new range of Abrasion Resistant Sucker Rod Guides for artificial lift well completions
This will include the Forties Alpha, Bravo, Charlie and Delta as well as the Beryl Alpha and Bravo platforms
The contracts have been awarded by the Azerbaijan International Oil Company for Azeri Central East Project.
This CAN$33 million budget includes CAN$9 million of expansion capital and CAN$24 million of equipment maintenance and upgrade capital.