Upstream news

The system treats to 4 ppmw with no volume loss, no chemical contamination and no emissions.

Project Icewine Operations Update 3D seismic acquisition has commenced across the Western Margin of the Project Icewine acreage, located on the North Slope of Alaska. The 3D seismic will firm up drilling candidates identified on conventional prospectivity from interpretation of ~2350 line km of modern (88E, 2016) and reprocessed 2D seismic data.

The board of directors is undertaking a strategic review of the company’s assets, with a view to rationalising any non-core assets and focussing on a production orientated portfolio of projects. The results of this work are expected in early March, 2018.

Zion Oil & Gas, Inc. announces that during the current open hole wireline logging and subsequent reaming (cleaning the well bore) operations, Zion encountered free-flowing hydrocarbons while circulating drilling mud.

TAG Oil Ltd., reports its third quarter results for the interim period ending 31 December 2017, highlighted by a 6% increase in revenues and a 40% increase in operating netbacks from the previous quarter.

A selection of Scotland’s leading oil and gas research and development institutions will be heading to China next month (5 - 10 March) to strengthen ties, share knowledge and increase business opportunities with leading innovation houses in Beijing.

Shallow water projects will be responsible for over 92% of upstream CAPEX.

A key project milestone has been achieved, with completion of buoy 'dry' trial fit testing operations by Bluewater Energy Services BV and Dubai Drydocks World, LLC.

Statoil announced 27 October 2017 dividend per share of US$0.2201 for third quarter 2017.

The project represents the first offshore application for the SGT-750 gas turbine. Equipment delivery is anticipated mid-2019 with first oil planned for 2022.