Upstream news

OMV has completed the sale of a 49% minority stake in Gas Connect Austria GmbH to the consortium composed of Allianz, Europe’s largest insurer, and Snam, one of Europe’s leading gas infrastructure players.

The Oman Ministry of Oil & Gas has announced that bidding for the 2016 licensing round is now underway. Using a new online service, interested parties are now able to access and evaluate data relating to all four blocks online.

International engineering and operations support services contractor ODE, a part of the DORIS Group, was recently named as a key contributor to a new industry working group.

Industry body Subsea UK has today (Wednesday 14th December) announced the finalists who are in the running to triumph at its 2017 business awards.

The execution of the Basic Agreement was approved in a meeting of the OMV Supervisory Board on 14 December, but is still subject to signing of the Basic Agreement by the parties. The signing is expected to take place during the course of the day.

Shell has started oil production from the Malikai Tension-Leg Platform (TLP), located 100 km off the coast of the Malaysian state of Sabah.

Petsec Energy has released a preliminary schedule for the development of the Hummer Project at Main Pass Blocks 270/273/274 offshore Louisiana.

CGG has announced that its equipment business, Sercel, has delivered four of its new-generation 508XT land acquisition systems to two seismic companies recently awarded survey work in India by ONGC and Oil India.

Findlay Moir, Underwater Engineering Services, UK, explains how efficiency is being maximised across the decommissioning arena.

The company is to undertake a study of potential impacts associated with rock dumping during the decommissioning of oil and gas infrastructure on mobile sandbanks.