ExxonMobil flows gas from Muruk 1 sidetrack test
Exxon Mobil has announced it has flowed gas from its production well tests at the Muruk 1 sidetrack 3 well in Papa New Guinea.
Waste water could heat Scottish cities, study claims
Scotland’s sewers could contain enough natural heat to warm Glasgow for more than 15 years.
Monadelphous wins additional Ichthys work
Australian engineering company Monadelphous has been awarded an additional contract for work on the Ichthys Project.
Russia committed to OPEC deal, Credit Suisse notes claim
Russia remains committed to its production cut agreement with OPEC – according to the notes from a Credit Suisse Russian investor trip.
Excess oil inventories to persist well in to 2018, says IEA report
Global oil demand should outpace supply in the second half of this year – but excess inventories are expected to persist well in to 2018 according to the International Energy Agency.
Lukoil completes construction of new production well
Lukoil has completed the construction and commissioning of the fifth production well at its Vladimir Filanovsky field in the Caspian Sea - which could increase production by five million tonnes per year.
Aggreko buys Indonesian power rental company
Aggreko plc has agreed the purchase of KBT (Kerta Bumni Teknindo), an Indonesia-based power rental company.
Sound Energy encounters “gas shows” at Badile
Italian upstream gas company Sound Energy has encountered “significant gas shows” at the Badile exploration well, onshore Italy.
Premier Oil’s Sea Lion development on track to be sanctioned next year
Premier Oil’s Sea Lion development is on track to be sanctioned in 2018, according to an announcement made by partner on the field Rockhopper Exploration.
Tap Oil agrees sale of Australia permit
Australian oil and gas exploration firm Tap Oil has agreed to sell its interest in a permit off Western Australia to a private E&P company.
TechnipFMC awarded extension to EPC project
TechnipFMC has been awarded an extension to its ongoing Engineering, Procurement and Construction (EPC) contract from Statoil in the North Sea.
Sevan Marine resolves tax dispute with Norwegian authorities
Sevan Marine has resolved a tax dispute with the Norwegian tax authorities – and will be refunded the full amount it paid as part of the dispute.
Southwestern Energy CFO leaves the company
Southwestern Energy Company’s senior vice president and chief financial officer has left the company.
Standard Drilling appoints new CFO
Cyprus based Standard Drilling has named its new chief financial officer, with effect from 1 July 2017.
US Silica approves construction of Permian sand plant
US Silica’s board of directors has approved the construction of a new frac sand mine and plant in the Permian Basis in West Texas.
1.1GW Estonia wind farm project gets the go ahead
A proposed offshore wind development with a capacity of up to 1.1GW has been given the go-ahead in Estonia, after an agreement was struck with residents in the area.
Ocean Rig to continue trading on stock market
Offshore deepwater drilling services firm Ocean Rig has received permission from the Nasdaq Hearings Panel to continue trading on the stock market.
Sevan Marine sells Kanfa stake to TechnipFMC
Sevan Marine has sold its stake in Norwegian oil firm Kanfa to TechnipFMC.
McDermott installs Dammam yard jacket
US based firm McDermott has completed the load-out and installation of the first jacket made by the company at its recently opened Dammam fabrication yard in Saudi Arabia.
Lukoil reaches Caspian produced oil milestone
Russia’s privately held oil firm Lukoil has reached ten million tonnes of production at its two oil fields in the North Caspian.
OPEC oil demand projected to grow in second half of 2017
OPEC’s monthly oil market report has forecast that demand for their oil will pick up in the second half of the year.
Trump ‘wrong’ to withdraw from Paris agreement, says Michael Gove
The new Environment Secretary has said Donald Trump was “wrong” to withdraw from the Paris climate accord.
Greenhouse gas emissions up, but Scotland meets 2015 target
Scotland met its annual climate change target for 2015, although there was a slight rise in greenhouse gas emissions compared with the previous year, new figures have shown.
Augean North Sea Services wins Statoil contract
Augean North Sea Services (ANSS) has been awarded a waste management contract by Norwegian oil firm Statoil.
Halliburton appoints new executive vice president and CFO
American oil field services provider Halliburton has appointed Christopher Weber as executive vice president and chief financial officer.