Upstream news

The contract is valid for three years, with two additional one-year options (3+1+1).

The Norwegian Petroleum Directorate has granted Spirit Energy Norge AS a drilling permit for well 7322/7-1, cf. Section 15 of the Resource Management Regulations.

The Norwegian Petroleum Directorate has granted Aker BP ASA a drilling permit for wells 25/10-16 S, 25/10-16 A and 25/10-16 B, cf. Section 15 of the Resource Management Regulations.

International Frontier Resources Corporation (IFR) joint venture Tonalli Energia, in partnership with Mexican petrochemical leader Grupo IDESA, announced that service equipment is being mobilised for stimulation and production testing after successfully receiving a perforation permit for the TEC-10 well.

Shale Support, a leading provider of frac-sand and logistical solutions to the oil and gas proppant market, has announced it has closed on a deal purchasing two natural mines in Kinder and Central Louisiana.

LMKR and DeepData have announced an exclusive partnership that aims to boost well production and reduce costs with a cloud-based solution for engineered completions that leverages rich geologic and petrologic information.

Chairman, Ian Langley, becomes the Senior Independent Director and current CEO, Peter Searle, will take on the role of Executive Chairman.

Its modular, scalable design enables it to function as a single platform for all enterprise safety applications.

INA will become the 100% owner and the sole operator of the Northern Adriatic and Marica fields after all conditions are fulfilled.

At the heart of the dispute is the status of the 1974 Petroleum Development Act, which granted Petronas ownership of all petroleum resources in Malaysia.