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News2018-07-20T12:05:56+00:00

Industry News

  • Hunt for expertise tests foreign views of changes in India
    on December 6, 2018 at 1:00 pm

    Has India changed? That question greeted top executives of an international conglomerate in Houston to discuss partnerships for its Indian oil and gas business. &nbs […]

  • Equinor, Faroe plan asset swap; DNO responds
    on December 5, 2018 at 6:47 pm

    Equinor and Faroe Petroleum PLC have agreed to asset swaps in the Norwegian Sea and the North Sea region of the Norwegian Continental Shelf. The transactions are calibrated as a balanced swap with no cash consideration. Faroe signed a binding agreement to swap its interests in the Njord, Hyme redevelopment, and Bauge development assets in return for interests in four production assets on the NCS: Alve, Marulk, Ringhorne East, and Vilje. […]

  • Equinor to boost production from Vigdis subsea field
    on December 5, 2018 at 6:38 pm

    Equinor and its partners reported plans to invest some 1.4 billion kroner in a boosting station for Vigdis subsea field, which has been producing oil through Snorre field for more than 20 years. Equinor expects to bring the station online in first-quarter 2021. […]

  • CNRL links plan to Alberta debottlenecking
    on December 5, 2018 at 6:08 pm

    Canadian Natural Resources is linking its capital spending plan for 2019 to the debottlenecking of oil production in Alberta. Citing “a lack of market access and a dysfunctional pipeline nomination process” in Canada, the company plans a “base capital program” of $3.7 billion (Can.) in 2019, about $1 billion below its longer-term, “normalized capital program” and the outlay expected this year. […]

  • Apache starts production from Garten development in UK North Sea
    on December 5, 2018 at 5:42 pm

    Houston independent Apache Corp. reported the start of production from its Garten development on Block 9/18a Area-W in the UK North Sea. The discovery well, 6 km south of the Beryl Alpha platform, was placed on production in late November, less than 8 months after being drilled in March. […]

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