Upstream news

Bob Ruddiman, Head of Oil and Gas at legal firm Pinsent Masons, welcomed Chancellor Philip Hammond’s Budget concessions on Transferable Tax Histories for North Sea oil and gas operators.

Trinity has announced that it had entered into a binding sale and purchase agreement to sell its interests in the Brighton Marine and the Point Ligoure - Guapo Bay - Brighton Marine Exploration and Production Licences and related fixed assets.

Po Valley Energy Limited (PVE), the Australian ASX listed natural gas company, has announced that it has spudded the Podere Maiar 1 dir well in the former Selva gas field on Tuesday 21 November.

FAR has undertaken a detailed geotechnical evaluation for its two offshore blocks in The Gambia and completed an assessment of hydrocarbon resources.

Western Isles (Dana 77% and Cieco 23%) is now producing from the Harris and Barra oilfields in the Northern North Sea, 160 km east of the Shetlands and 12 km west of the Tern field.

INEOS UK SNS Limited has agreed to take a majority share in two exploration licenses in the Northern Gas Fields West of Shetland which contains the Lyon prospect, from Siccar Point Energy E&P Limited.

Aker BP ASA has entered into two separate alliance agreements, one with Maersk Drilling and Halliburton for Jack-Ups, and one with Odfjell Drilling and Halliburton for semisubmersibles.

New survey findings from Petrotechnics, the developer of the hazardous industries’ first software platform for operational excellence, reveals that Operational Excellence (OE) remains central to firms’ enterprise-wide strategies and is now delivering tangible results.

Craig International has signed a five-year procurement contract for all Premier Oil’s maintenance and repair operations in the UK North Sea.

Fulkrum Technical Resources, a global provider of technical personnel specialising in QA/QC, inspection and vendor surveillance services to the energy industry, has expanded its Asia-Pacific business with the launch of an office in Kuala Lumpur.