Upstream news

The company has announced a record-breaking start to 2018, amassing a number of international contract wins totalling a revenue of approximately of £18 million.

Kuwait Energy confirms that discussions with SOCO have been terminated as the parties could not reach agreement on mutually acceptable transaction terms.

UK Oil & Gas Investments PLC has been informed by its 100% owned subsidiary Kimmeridge Oil & Gas Limited (KOGL) that Oil and Gas Authority consent for flow testing its Broadford Bridge-1/1z (BB-1/1z) oil discovery has been extended to the end of March 2018. 

With an East Coast gas crisis looming, a significant new gas field has just been proved up in Central Queensland and could prove invaluable in helping to alleviate a forecast domestic market shortfall of about 50 Petajoules (PJ) a year.

KCA Deutag (KCAD), a leading global drilling and engineering contractor, has entered into an agreement with the shareholders of Dalma Energy LLC to combine their respective businesses through the acquisition by KCAD of Dalma’s Omani and Saudi Arabian businesses (the Dalma Business).

McDermott International, Inc. has been awarded a detailed engineering and long lead procurement services contract from BP Trinidad & Tobago, LLC (bpTT) for the Cassia C Compression Platform, located 40 miles (65 km) off the southeast coast of Trinidad and Tobago.

The Norwegian Petroleum Directorate (NPD) has granted Lundin Norway AS a drilling permit for well 7220/11-5 S, cf. Section 15 of the Resource Management Regulations.

Borders & Southern, the London based independent oil and gas exploration company with assets offshore the Falkland Islands, announces the results of an independent evaluation of the Darwin East discovery and the adjacent Darwin West untested fault block.

Saffron Energy, the pan Euro Asian gas explorer, has confirmed significant progress on a number of acquisitions in South East Asia and its withdrawal, by mutual consent, from the acquisition of PVO from Po Valley Energy Limited (Po Valley Energy).

Statoil and its partners have contracted the West Phoenix rig for exploration drilling on the UK and Norwegian continental shelves from the summer of 2018.