Upstream news

Sound Energy, the Moroccan focused upstream gas company, has announced the appointment of JJ Traynor, the company's existing Chief Financial Officer, to the Sound Energy Board of Directors with immediate effect.

Preliminary production figures for June 2018 show an average daily production of 1 747 000 bbls of oil, NGL and condensate, which is an increase of 88 000 bpd compared to May.

A total of 1766 blocks of open acreage is now available across the West of Scotland, the East Shetland Platform, the Mid North Sea High, South West Britain and parts of the English Channel.

A new Engineering and Technology Group is set to create up to 1000 new jobs across multiple UK based locations and generate annual revenues in excess of £100 million.

Mayan has a 17.3% interest in Deloro Energy LLC ('Deloro') which is invested in the Asphalt Ridge heavy oil sands project.

Petro Matad, the AIM quoted Mongolian oil explorer, has advised that the Snow Leopard-1 well (Petro Matad 100%) in the Taats Basin of Block V was spud on the 9 July 2018.

Aker BP and Aker Solutions are forming an alliance to deliver modification projects on three of Aker BP’s fields.

Carnarvon Petroleum Limited has provided the following update on the drilling of the Dorado-1 well.

Advanced surface coating technology company Hardide Coatings has appointed Mark Hanania as Business Development Engineer based in Houston, Texas to help drive growth in the oil, gas and energy sectors throughout North America.

Triangle’s Managing Director, Mr Rob Towner, said that Triangle’s full field re-modelling and subsurface re-interpretation included remapping and geological modelling extended to cover four recognised near field exploration areas.