HOME › NEWS › INDUSTRY NEWS

INDUSTRY NEWS

RSS Feed courtesy of Energy-Pedia

 

18 August, 2017

US: Silver Run to merge with Alta Mesa and Kingfisher Midstream to form $3.8 billion STACK play company

Silver Run Acquisition Corporation II has entered into definitive agreements to combine with Alta Mesa Holdings and Kingfisher Midstream. Alta Mesa is an independent exploration and production company with assets located in the STACK play in Oklahoma. Kingfisher is a company engaged in the gathering, processing, and marketing of hydrocarbons in the STACK play.

18 August, 2017

Norway sees increase in July oil and gas production

The Norwegian Petroleum Directorate reports that preliminary production figures for July 2017 show an average daily production of 2,000,000 barrels of oil, NGL and condensate, which is an increase of 93 000 barrels per day compared to June. Total gas sales were also higher than last month and higher than ever for the month of July.

18 August, 2017

Norway: Statoil receives consent for Valemon field drilling

Norway's Petroleum Safety Authority has given Statoil consent to use West Elara for drilling and completing on the Valemon field.

18 August, 2017

Norway: ConocoPhillips to start dismantling historical Norwegian oil platform

ConocoPhillips has won permission to prepare for the removal of the first permanent oil platform built off Norway more than 40 years ago, the country's industry regulator said on Thursday. The U.S. company applied in July to remove Ekofisk 2/4 A, which started producing oil from the North Sea in 1974 and shut permanently in 2013.

18 August, 2017

Norwegian authorities stop Greenpeace protests at Arctic well

Norwegian coast guards stopped Greenpeace from protesting at a site of the country's northernmost exploration well drilled by Statoil, the environmentalist group said on Thursday.

17 August, 2017

Mauritania/Senegal: KBR awarded pre-FEED engineering and project support contracts for BP’s Tortue project

KBR has been awarded pre-front end engineering design (FEED) and project support services contracts by BP for the development of the Tortue / Ahmeyim field offshore Mauritania and Senegal.

17 August, 2017

Norway: Statoil receives consent for exploration drilling at Gina Krog

Norway's Petroleum Safety Authority has given Statoil consent to drill an exploration well on the Gina Krog field in the North Sea. Exploration well 15/6-14 S is to be drilled as a sidetrack from existing well 15/6-B-2.

17 August, 2017

Maersk Drilling secures important contracts for three rigs

Maersk Drilling has been awarded a contract by Shell for the deepwater semi-submersible rig Mærsk Developer for drilling and completion of wells offshore Trinidad and two contract extensions in the North Sea for the high-efficiency jack-ups Maersk Resolve and Maersk Resolute for Wintershall and Petrogas.

17 August, 2017

UK’s geology unlikely to support fracking - Heriot-Watt University

While many opponents of fracking continue to focus on the environmental impact of this method of oil and gas extraction, Professor John Underhill, the University’s Chief Scientist, has challenged the implication that because fracking works in the US it must also work in the UK.

17 August, 2017

UK: JOGMEC provides equity financing to ITOCHU’s exploration project in the UK North Sea

Japan Oil, Gas and Metals National Corporation (JOGMEC) announced that it will provide equity financing to CIECO V&C (UK), a wholly owned subsidiary of ITOCHU, which holds a 12% participating interest in the exploration licence P2170 area (Blocks 20/5b and 21/1d) offshore UK.

17 August, 2017

Iran: Turkey's Unit International, Russia's Zarubezhneft and Iran's Ghadir awarded four blocks in Iran

Turkey's Unit International has signed a $7 billion agreement with Russia's state-owned Zarubezhneft and Iran's Ghadir Investment Holding to drill for oil and natural gas in Iran.

17 August, 2017

New Zealand: TAG Oil drills successful Cheal-D1 exploration well

JV partner East West Petroleum has announced the successful drilling and casing of the TAG Oil-operated Cheal-D1 exploration well, located in the Cheal East permit (PEP 54877) in the Taranaki Basin of New Zealand.

17 August, 2017

Nigeria state oil firm says its production costs cut to $23 a barrel

Nigeria's production cost per barrel of crude oil is down to $23, the state oil company said on Wednesday, after the country last month said the cost was $29 a barrel, one of the highest levels in the world.

17 August, 2017

Cameroon: Victoria Oil & Gas provides update on Logbaba development drilling

Victoria Oil & Gas' subsidiary Gaz du Cameroun has announced an update on development wells La-107 and La-108 in the Logbaba gas field located in Douala, Cameroon. Target depth has been reached at La-107 and the well has been cased and is expected to be a substantial producer.

17 August, 2017

US: 88 Energy announces Icewine-2 operations update

88 Energy has provided an update on Project Icewine, located onshore North Slope of Alaska. Flow testing on Icewine-2 to re-commence week beginning 21st August post six week shut-in.