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The multi-million dollar project includes the recently completed project management, fabrication and construction of approximately 60 miles of 12 in. and 8 in. pipeline for the gathering system.
Vallourec has announced that after negotiations run with the US oil services company National Oilwell Varco (NOV), it has received a binding offer for the purchase of Vallourec Drilling Products business, for a total cash amount of US$63 million.
The scale of the project will require US$35 billion with the first phase costing US$6 billion representing a landmark agreement for Genoil.
The recently drilled Mira 6 horizontal well, which ran inside the Castor coal seam for approximately 920 m and intersected the Mira 2 well at about the mid-point, came on-line and is producing water as planned.
Production from the Peshkabir field in the Tawke licence in the Kurdistan Region of Iraq has tripled to 15 000 bpd following completion of the Peshkabir-3 well testing, stimulation and clean-up programme.
The new GSPAs will bring total contracted volumes from the Karish and Tanin development project to more than 4 BCM per year, surpassing the Company’s initial targeted sales volumes and creating significant additional value.
Touchstone Exploration Inc., has announced that it intends to complete a private placement directed towards United Kingdom institutional investors.
The operator has advised that the SM 71 F2 well had spudded and as at 9.45 pm on 3 December USA Central Standard Time current operations are drilling ahead at 564 ft (172 m) MD.
The Nord Stream gas pipeline has transmitted its 200 billionth cubic meter of gas from Russia to Germany via the Greifswald delivery point.
The Iris/Hades (Aerosmith) well is located in the Halten Terrace, some 200 km offshore in the Norwegian Sea and adjacent to the producing Morvin and Aasgard fields.
Lundin Norway AS, operator of production licence 533, is in the process of completing the drilling of wildcat wells 7219/12-2 S and 7219/12-2 A.
Cabot Energy has provided the following update on the company's production and announces the appointment of a new Executive Director to the board.