The UK’s Oil & Gas Technology Centre (OGTC) is investing $1.8 million (GBP 1.3 million) in four well plugging and abandonment (P&A) projects, which are expected to help drive an industry commitment to reduce decommissioning costs by a minimum of 35 percent.
Sidetrack Well in Canada's Rainbow Area Exceeds Expectations | Gulf Coast Oil Rig Equipment & Repair
The results of Cabot Energy plc’s 10-32 sidetrack well in Canada’s Rainbow area have ‘exceeded expectations’, according to the company’s CEO Keith Bush.
Drilled in December 2017, the well produced at a daily rate of 408 barrels of fluid per day during a recent flow test, of which 344 barrels were oil, Cabot Energy revealed.
The directors of San Leon Energy plc confirmed Friday that discussions with potential offerors China Great United Petroleum (Holding) Limited (CGUP) and Geron Energy Investment (Geron) have been terminated.
TBILISI, Jan 5 (Reuters) - Oil and related shipments from Georgia's Black Sea port of Batumi fell 37.6 percent in 2017, a senior official at the terminal, operated by Kazakh KazMunaiGas, said on Friday.
DUBAI, Jan 5 (Reuters) - Saudi Arabia has changed the status of its national oil giant Aramco to a joint-stock BOP Blow Out Preventer repair company gulf coast as of Jan.
LONDON, Jan 5 (Reuters) - U.S. crude oil prices have risen above $60 per barrel which should accelerate shale drilling and oil rig flanges gulf coast production in the next few months, provided the price increase is sustained.
SINGAPORE, Jan 5 (Reuters) - Asia is set to receive up to 2.0 million tonnes of naphtha from the West this month, the highest amount in two years, putting pressure on light fuel margins that touched 22-month highs in November.
The second Sino-Russia oil pipeline (SR-II) will enable Russia to stake a stronger claim to the growing Chinese crude oil market, oil and gas analysts at BMI Research have stated in a new report.
West Africa focused oil and gas firm Lekoil revealed Thursday that 197 square kilometers of 3D seismic data will be acquired at the Otakikpo Marginal Field in OML 11, onshore and offshore in the south-eastern part of the Niger Delta, to update the existing 2D coverage.
The Norwegian Petroleum Directorate confirmed Thursday that Statoil Petroleum AS has come up dry in well 15/6-14 S, located in the central part of the North Sea.
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