Upstream project news

The funds raised are to be applied to support ongoing works at the UK-based company’s Brockham asset, forthcoming works at the Balcombe asset, a seismic overview of the Lidsey asset and to fund the exploration of potential acquisition opportunities.

The Unitized™ Lock-Ring wellhead features a standardised design for shale plays in the US that accommodates 95% of casing configurations in either 11 in. or 13-5/8 in. nominal sizes.

The Government of the Republic of the Congo has informed Anglo African Oil & Gas that the licence will have a 25-year period.

The engineering work is expected to begin immediately, and the contract will be reflected in McDermott's 2Q19 backlog.

The collective depth of these wells is the equivalent of 25 times around the equator – or 2.5 times the distance to the moon.

The announcement of the 100th project follows the Oil & Gas Innovation Centre in Aberdeen, Scotland, signing agreements to support five new pieces of innovative technology which have the potential to improve efficiency and reduce costs in the oil and gas industry.

Serica Energy has announced that exploration well 22/19c-7 in the central North Sea is not hydrocarbon bearing.

The project with Equinor is expected to produce revenue of approximately US$1 million over a one-year period.

The transaction increases Pin Oak Energy’s acreage position across the Appalachian Basin to 167 000 net deep acres.

Wildcat well 36/1-3, about 15 km east of the 35/3-2 (Agat) gas discovery, was found to be dry and has now been permanently plugged and abandoned.