Upstream news

Statoil has chosen to develop the Snefrid Nord gas discovery, which will be tied back to Aasta Hansteen.

UK Oil & Gas Investments PLC has announced that the Environment Agency has formally granted the necessary permit to flow test the Broadford Bridge-1 oil exploration well.

New Zealand Oil & Gas has inked a sale and purchase agreement for its Kupe gas and light oilfield interest with Mitsui E&P Australia.

Sound Energy has reported the success of operations at the Koba-1 well at Sidi Moktar, onshore Morocco.

OMV has received consent for exploration drilling in the Barents Sea by Petroleum Safety Authority Norway.

Further to the conditional letter of award as announced on 1 March 2017, Odfjell Drilling has now been awarded the contract as described in the CLOA.

Summit’s electric submersible pump system expands Halliburton artificial lift portfolio.

Regional offshore oil and gas services have never been better placed with the technical expertise and experience to support a returning North Sea sector, says Joe Orrell, managing director at engineering services firm RED Engineering.

The collapse of oil prices has taken a toll on foreign direct investment (FDI), export revenue and government revenues in Colombia, forcing action to be taken to relieve budgetary pressure and maintain natural gas self-sufficiency.

The new company is the first and only to bring together industry-leading equipment, services and digital solutions across the entire spectrum of oil and gas development.