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Falcon Oil & Gas Ltd reports successful spudding

Falcon Oil & Gas Ltd reports successful spudding

Falcon Oil & Gas Ltd. has announced the successful re-entry and casing of Amungee NW-1H horizontal well and the spudding of the Beetaloo W-1 vertical well in the Beetaloo Basin, Australia.

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The latest upstream news

US voters oppose energy policies that raise costs for consumers

US voters oppose energy policies that raise costs for consumers

Increasing the production of US oil and natural gas resources is vital to the nation’s economic and national security, and that of its allies, according to the API.

Hexion releases Canadian resin coated proppants

Hexion releases Canadian resin coated proppants

Hexion’s Oilfield Technology Group has announced the release of new resin coated proppants that are produced in Canada.

EIA reports on changing US energy mix

EIA reports on changing US energy mix

Primary energy consumption fell slightly in 2015, as a decline in coal use exceeded increases in natural gas, petroleum and renewables use.

EIA: Increased drilling may slow pace of Lower 48 states crude oil production declines

EIA: Increased drilling may slow pace of Lower 48 states crude oil production declines

According to the US EIA, Higher and more stable crude oil prices are contributing to increased drilling in the United States.

 

Contango enters into agreement to purchase Southern Delaware Basin acreage

Contango enters into agreement to purchase Southern Delaware Basin acreage

Contango Oil & Gas Company is purchasing approximately 12 100 gross undeveloped acres for up to US$25 million in the Southern Delaware Basin of Texas.

Spectrum to upgrade key 3D seismic offshore NW Australia

Spectrum to upgrade key 3D seismic offshore NW Australia

The Olympus Project will provide a regional viewpoint along one of the most prolific trends on the NW Shelf.

Acquisition of further interest in Horse Hill-1 oil discovery and licences, Weald Basin

Acquisition of further interest in Horse Hill-1 oil discovery and licences, Weald Basin

UK Oil & Gas Investments PLC has announced that it has acquired the entire 3.9% interest of Flowermay Limited (Flowermay) in onshore Weald Basin licences.

Petronas awards exploration block SK410B

Petronas awards exploration block SK410B

Petronas has awarded a Production Sharing Contract (PSC) to PTTEP HK Offshore Limited, KUFPEC Malaysia Limited (KUFPEC), and Petronas Carigali Sdn Bhd for the exploration Block SK410B.

 

ExxonMobil to acquire InterOil

ExxonMobil to acquire InterOil

ExxonMobil has announced it will acquire InterOil in a transaction worth more than US$2.5 billion.

Hoover Container Solutions’ CEO joins PESA Advisory Board

Hoover Container Solutions’ CEO joins PESA Advisory Board

Hoover Container Solutions’ Chairman and CEO, Donald Young, has been nominated and elected to the Petroleum Equipment & Services Association Advisory Board for a 3 yr term.

Ocean Installer wins Malta mooring work

Ocean Installer wins Malta mooring work

Ocean Installer has been awarded a turnkey project for procurement and installation of a spread mooring chain system for a floating storage unit (FSU) in Malta.

Ulterra to partner with American Securities

Ulterra to partner with American Securities

The partnership will see Ulterra purchased from ESCO Corporation.

 

API: June witnesses rise in petroleum demand

API: June witnesses rise in petroleum demand

Total petroleum deliveries in June moved up by 2.8% from June 2015 to average 20.1 million bpd, the highest June deliveries in nine years.

Noble Energy commences production at Gunflint in the Gulf of Mexico

Noble Energy commences production at Gunflint in the Gulf of Mexico

The two-well field is ramping up and is anticipated to reach a minimum gross production of 20 000 boe/d.

Falck Safety Services UK heightens its technical training offering

Falck Safety Services UK heightens its technical training offering

The company has developed its technical training services at one of its North-east training centres and augment its offering.

Merlin Energy leads offshore consortium

Merlin Energy leads offshore consortium

The consortium has secured a €1.9 million contract from the Irish Petroleum Infrastructure Programme.