Upstream news

PetroQuest Energy, Inc. has announced the sale of its Gulf of Mexico properties on January 31, 2018, but effective as of December 1, 2017.

Ocean Installer wins major Johan Castberg marine operations contract in the Barents Sea.

Steve Gibson will be responsible for overseeing the company’s growth in the region.

Fugro has won a long-term contract for the provision of rig positioning services to Statoil Petroleum AS.

Total has signed an agreement to sell a 25% interest in the Exploration Block 11B/12B, offshore South Africa, to Qatar Petroleum. The transaction remains subject to regulatory approval.

Total has signed agreements to acquire interests into two exploration licenses offshore Guyana, the Canje Block and the Kanuku Block, and holds holds an option to purchase a working interest in the Orinduik Block.

During the period, Trinity continued to build on the momentum achieved during the first three quarters by delivering yet further growth in profitable production and strengthening of the balance sheet.

Galp informs that it is in the process of farming-down a 40% participating interest in the Petroleum Exploration Licence (PEL) 82 in Namibia to an ExxonMobil subsidiary.

Full year production at record level and at low cash operating costs resulted in highest operating cash flow and EBITDA to date.

LUKOIL has completed the construction and commissioning of the first well at the Phase 2 of Vladimir Filanovsky field in the Caspian Sea. As of 31 January, the company started to drill an injection well.