Oil & Gas News

Ithaca Energy Limited announces it has entered into agreements to acquire all the Greater Stella Area (“GSA”) licenses and associated infrastructure interests of Dyas UK Limited (“Dyas”) and Petrofac Limited (“Petrofac”). The acquisition materially increases the Company’s production and reserves base, while simultaneously delivering full control and flexibility over the long-term development of the GSA production hub.

United Oil & Gas Plc, the London Stock Exchange listed oil and gas exploration and development company announces that further to the announcement of 24 May 2018, it has accepted the formal offer from the Oil and Gas Authority, the UK oil and gas regulator, confirming the award of Blocks 15/18d and 15/19b (License P2366), with the license term beginning 1 October 2018.

With more than 1600 runs and 730 activations, operators across the globe are cutting rig time by deploying the DAV MX™ CircSub, the flagship tool from specialist oilfield service company, Churchill Drilling Tools. Run in hundreds of wells every year and recognized for its reliability, resilience and versatility, the dart activated DAV MX™ is the ultimate downhole circulation tool.

Oceaneering International, Inc. announced has that one of its wholly owned subsidiaries, Marine Production Systems do Brasil Ltda., has secured a four-year contract with a one-year optional extension period from Petróleo Brasileiro S.A. ("Petrobras") in Brazil. The contract will support intervention and completion operations in Brazil.

Mexico’s President-elect Andres Manuel Lopez Obrador (often abbreviated as AMLO) has promised to invest around 175 billion pesos ($9.4 billion) into his nation’s state-owned energy enterprise, Pemex. Whether this means he will increase cooperation with foreign-operated companies or further nationalize his nation’s hydrocarbon resources remains to be seen.

Back in May 2018, the North Sea was the theater of a new kind of more efficient and flexible rig move operation. Transferred to a new location within meters of a live production manifold, this delicate relocation mission was performed by iXblue, a global leader in the design and manufacturing of innovative navigation and positioning solutions, and an Aberdeen-based positioning and survey provider.

Deputy Secretary of the Interior David Bernhardt has announced that region-wide Gulf of Mexico Lease Sale 251 generated $178,069,406 in high bids for 144 tracts covering 801,288 acres in federal waters of the Gulf of Mexico. A total of 29 companies participated in the lease sale, submitting $202,667,923 in bids.

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