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Month: July 2020

Weatherford remotely installs liner hanger due to COVID-19 restrictions

July 30, 2020
| Archives

Weatherford International plc announced it successfully and remotely used a restricted crew to install a 16-inch liner hanger on an offshore platform in Sakhalin Island, Russia during the COVID-19 lockdown. Remote training and monitoring procedures enabled the successful installation of the liner hanger system, cementing products and tubular running services. The operator objectives were clear: First, install and cement a 16-inch liner and

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Maersk Drilling investing in carbon-neutral tech from California’s Clean Energy Systems

July 29, 2020
| Archives

Maersk Drilling has entered an agreement to invest USD 1m in the California-based company Clean Energy Systems to help develop a new technology called Carbon-Negative Energy. The concept builds on proven technology originally developed for the aerospace industry, which is now being deployed in a process that is expected to result in net-negative carbon emissions. For Maersk

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Tokyo Gas acquires oil and gas assets in Louisiana

July 29, 2020
| Archives

In connection with the acquisition of additional oil and gas assets in the U.S. of Louisiana, Tokyo Gas Co., Ltd. ("Tokyo Gas") has decided that Tokyo Gas America Ltd. ("Tokyo Gas America", President: Kazuya Kurimoto), a wholly owned subsidiary of Tokyo Gas, will take majority interest in Castleton Resources LLC ("CR"), an upstream oil and gas company

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Current offshore projects for Columbia

July 29, 2020
| Archives

Colombia has 11 active offshore oil and gas contracts with combined exploration commitments totalling US$1.96bn.  The largest in investment terms are the Repsol-operated Col-4 and Gua-Off-1 blocks, which each carry minimum obligations totaling US$345.21mn in their exploration stage. The information was published in a mines and energy ministry report that accompanied proposed new technical guidelines for offshore drilling, released for

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Eni announce oil discovery in Western Deserts of Egypt

July 28, 2020
| Archives

Eni announces the discovery of new oil resources in the Western Desert of Egypt with a new exploration well in the South West Meleiha Concession. Production in the Concession started just one year ago and is now in excess of 12,000 bopd. The successful drilling of the SWM-A-6X well, in the South West Meleiha development and exploration concession

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Eni confirms potential discovery offshore Vietnam

July 28, 2020
| Archives

Eni announces that its exploration well, Ken Bau-2X, located in Block 114, Song Hong Basin, offshore Vietnam, has confirmed a significant hydrocarbon accumulation on the Ken Bau discovery, further expanding its potential. Ken Bau 2X was drilled 2 km apart from the discovery well in 95 m of water depth till a  total depth of 3658m below sea

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Lukoil picks up Cairn’s Senagal interests for $400 million

July 28, 2020
| Archives

Oil and gas producer Cairn Energy said on Monday it will sell its Senegal interests to Russia’s LUKOIL for up to $400 million and intends to return at least $250 million as a special dividend after sale completion, sending its shares up 5%. Cairn said it will sell its entire 40% interest in the Rufisque, Sangomar and Sangomar

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Most Active User Contest Week 31

July 27, 2020
| Archives

Most Active User Contest We give away $100 bucks each week! We want to see you using the app, getting active on the newsfeed, sharing the app with your friends by using the invite option, bringing new people along, get some great content on there, and have some friendly competition whether it be by video, photo or text We want

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