Upstream news

ALE has started building a second Mega Jack 800 jacking system.

Premier Oil has provided a progress update on various drilling operations.

DeepOcean has acquired French company Searov Offshore SAS and has expanded its presence in West Africa.

Exxon Mobil Corporation has announced estimated second quarter 2017 earnings of US$3.4 billion, or US$0.78 per diluted share, compared with $1.7 billion a year earlier, as oil and gas realisations increased and refining margins improved.

The Norwegian Petroleum Directorate has granted Statoil Petroleum AS a drilling permit for well 7435/12-1, cf. Section 8 of the Resource Management Regulations.

The latest annual health and safety data published for the UK offshore oil and gas industry signals a continued trend of improving performance despite 2016 being a challenging year, says Oil & Gas UK.

Once a production sharing contract for blocks 01 and 02 of the Cuu Long Basin expire, PC Vietnam Limited will hand the blocks over to the host authority.

The Norwegian Petroleum Directorate has granted Aker BP ASA a drilling permit for well 25/4-11, a wildcat well in production licence 677.

Two Merlin ERD engineers have received Drilling Engineering Awards from The Society of Petroleum Engineers, recognising their drilling expertise.

Faroe Petroleum has announced the conditional acquisition of a further 13.9935% interest in the Blane Field in the UK North Sea from JX Nippon Exploration and Production (UK) Limited for a total consideration of US$5.25 million.