Upstream news

Following on from the recently announced 2017 2D seismic campaign and the Cape Broyle 3D, the joint venture is now ramping up its 3D seismic acquisition in Newfoundland Labrador with these additional projects, reflecting high customer interest in this region.

CGG has announced the extension, until the end of 2021, of its contract with Petroleum Development Oman (PDO) for the provision of subsurface imaging technology and services at its dedicated processing centre (DPC) in Muscat.

Triangle has jointly (50/50) completed a Share Purchase Agreement (SPA) with Royal Energy Pty Ltd to acquire the 42.5% balance of the Cliff Head oilfield and associated production facilities from Roc Oil Company Limited.

Oil prices could touch highs last seen in April when the Organisation of the Petroleum Exporting Countries (Opec) convenes its next meeting in Vienna on 25 May, WisdomTree’s Nizam Hamid has said.

Vitol has announced that oil production has commenced on the Sankofa Oil and Gas Project, which is developing the Sankofa and Gye Nyame group of fields, approximately 60 km offshore Ghana.

Clariant and Huntsman Corporation have announced that their Boards of Directors unanimously approved a definitive agreement to combine in a merger of equals through an all-stock transaction.

The global land drilling rig market has been through a tough downturn characterised by an inward focus through the supply chain on survival.

Schlumberger has signed a memorandum of understanding with Saudi Aramco to develop an In-Kingdom Total Value Add roadmap, in alignment with the Kingdom’s economic vision for 2030.

Halliburton Co. has launched drilling operations in the Zhuravlinaya area of the Vostochno-Taimyrsky license block for LUKOIL.

The rig was named Heydar Aliyev at a ceremony in Azerbaijan by the President of Azerbaijan, Ilham Aliyev.