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Pine Mills oil field : Nostra Terra completes Cypress farm-out well

Pine Mills oil field : Nostra Terra completes Cypress farm-out well

Nostra Terra, a UK-based oil and gas company, said that it has completed the Cypress farm-out well at its Pine Mills oil field in the Permian Basin in Wood County, Texas. The company had perforated the Cypress farm-out well in the target formation in December 2020. After this, the well was swabbed for removing drilling […]

PetroNeft Resources to increase stake in Licence 67 in Russia to 90%

PetroNeft Resources to increase stake in Licence 67 in Russia to 90%

Irish oil and gas company PetroNeft Resources has signed a heads of terms agreement to acquire an additional 40% stake in Licence 67 in Russia for $2.9 million from Belgrave Naftogas (formerly Arawak Energy Russia). Licence 67 is a 2,447 km2 oil and gas block located in the Western Siberian Oil and Gas Basin in […]

Halliburton carries out electric grid-powered fracturing in Permian Basin

Halliburton carries out electric grid-powered fracturing in Permian Basin

Halliburton revealed that it has successfully deployed an electric grid-powered fracturing operation for Cimarex Energy on several pads in the Permian Basin in the US. The US-based oilfield services company said that it had started the work in November 2020 and has so far finished nearly 340 stages across various wells using utility-powered electric frac […]

Heirs Holdings acquires 45% stake in onshore oil block OML 17 in Nigeria

Heirs Holdings acquires 45% stake in onshore oil block OML 17 in Nigeria

Heirs Holdings in partnership with affiliated company Transnational Corporation of Nigeria (Transcorp), has acquired a 45% non-operating stake in OML 17, an onshore oil concession in Nigeria, along with associated assets. While Heirs Holdings is an Africa-focused investment company, Transnational Corporation is a publicly listed conglomerate in Nigeria, which is engaged in producing power among […]

R Cluster gas project : Reliance and BP begin production from Indian gas field

R Cluster gas project : Reliance and BP begin production from Indian gas field

Indian conglomerate Reliance Industries Limited (RIL) and its partner BP have started production from the R Cluster gas project in the Krishna-Godavari Basin, offshore India. The ultra-deep-water gas project is among the three gas projects the partners are developing in the KG D6 block with a total investment of INR 350 billion ($4.75 billion). The […]

Gråsel oil field : Aker BP and partners to invest $140m to develop Norwegian Sea discovery in 2021

Gråsel oil field : Aker BP and partners to invest $140m to develop Norwegian Sea discovery in 2021

Aker BP and its partners in the Skarv Ara in the Norwegian Sea have decided to develop the Gråsel oil field next year having approved a final investment decision. The development of the Gråsel discovery is expected to involve an investment of around NOK 1.2 billion ($140.4 million). Gråsel was discovered in 1998. Aker BP’s […]

OKEA to acquire Repsol’s stake in Vette oil discovery and PL 972

OKEA to acquire Repsol’s stake in Vette oil discovery and PL 972

Norway-based OKEA has agreed to acquire Repsol Norge’s 40% operated working interest in the in the Norwegian North Sea’s PL 972, which includes the Vette oil discovery, for an undisclosed price. The Vette oil discovery contained in Block 17/12 is located at a water depth of nearly 110 metres in the south-eastern part of the […]

Zephyr Energy spuds State 16-2 well in Paradox Basin, Utah

Zephyr Energy spuds State 16-2 well in Paradox Basin, Utah

UK-based oil and gas company Zephyr Energy has started drilling of the State 16-2 well in the Paradox Basin in Utah using the Cyclone rig. The primary goals of the well are to drill a mildly deviated well to an approximate true vertical depth (TVD) of 9,815 feet. This is to enable Zephyr Energy to […]

Snorre Expansion Project : Equinor begins production from oil recovery project

Snorre Expansion Project : Equinor begins production from oil recovery project

Equinor has started production from the NOK 19 billion ($2.17 billion) Snorre Expansion Project in the Norwegian North Sea, ahead of schedule. Originally, the increased oil recovery project at the Snorre field was to come on stream in the first quarter of next year. Commenting on the commissioning of the Snorre Expansion Project, Geir Tungesvik […]

Kristin Sør project : Aker Solutions wins subsea contract from Equinor

Kristin Sør project : Aker Solutions wins subsea contract from Equinor

Aker Solutions has won a subsea contract worth around NOK 1 billion ($113.4 million) from Equinor for a subsea production system to be installed at the Kristin Sør project in the North Sea. The contract comes with options for some additional work, said Aker Solutions. According to the Norwegian engineering company, the plan is to […]

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