Tag: oil and gas

The oil and gas sector as a whole is operating in a tough market environment at present and operators, original equipment manufacturers (OEMs) and the wider supply chain is having to adapt.

Premier Oil, together with its joint venture partners Talos Energy (Operator) and Sierra Oil & Gas, recently announced that the Zama-1 exploration well in Block 7, offshore Mexico, has made a world class oil discovery.

Statoil, a multinational oil and gas company with many offices across the Americas, has received consent from the Petroleum Safety Authority Norway to drill exploration well 7317/9-1 in a prospect named Koigen Central in the Norwegian Arctic.

Brazilian oil giant Petrobras has reached two new records in its production from the pre-salt layer in June. The state-owned company recently reported that its total oil and natural gas production for the month of June set two new records: the monthly record, at 1.

Petrochemical giant ExxonMobil Corporation has announced that its subsidiary, ExxonMobil Exploration and Production Suriname B.

Calgary-based Simmons Edeco, a supplier of wellhead and valve maintenance, asset integrity solutions and onshore drilling services to the global oil and gas industry, announced that it has been awarded a major contract by Maersk Oil.

US independent oil producer ConocoPhillips has said that it would sell its assets in the Barnett shale field in Texas to Miller Thomson & Partners LLC for USD $305 million, as part of efforts to reduce exposure to natural gas.

Brazil’s state-run oil company Petrobras has awarded a further two-year contract to Fugro, a multinational geotechnical, survey, subsea and geoscience services company with numerous locations throughout the Americas, to provide comprehensive inspection, repair and maintenance (IRM) and pipeline inspection services in Brazil.

SPX FLOW Inc., a global supplier of flow components, process equipment and systems with US headquarters in Charlotte, North Carolina is entering into a joint venture with the WTE Wajdi Group to service rotating and static equipment for oil and gas, industrial and power customers in Iraq.

McKinsey Energy Insights (MEI), the data and analytics specialist that provides distinctive insight and support to the global energy industry, has released its North American Shale Oil Outlook.