Providence Resources collaboration project with Schlumberger update
Providence Resources has provided a technical update on its Exploration Collaboration Project with Schlumberger.
Browse the latest drilling & production news and articles.
Providence Resources has provided a technical update on its Exploration Collaboration Project with Schlumberger.
Bowleven has announced that it has been awarded a 1 year extension to the existing Bomono exploration licence, onshore Cameroon, pending the final award of an Exploitation Authorisation (EA).
Lundin Petroleum AB (Lundin Petroleum) will expense pre-tax exploration costs of approximately US$71 million and recognise a net foreign exchange gain of approximately US$159 for the first quarter of 2016.
The award is the highest accolade for business success.
The well was spud on 20 April 2016. The company expects to reach a total measured depth of 2640 m.
A new technology system designed to address a common problem in the subsea industry is undergoing a shallow water trial at Portishead Quays marina.
The company has also announced its intent to maintain quarterly dividend of US$0.15 per share in Q2 2016.
The companies have signed an agreement to co-operate on engineering projects both in China and internationally.
Sharp decline in oil prices since the fourth quarter of 2014 has had a significant effect on drilling in the US.
Positive predictions from Stratas Advisors’ Short Term Price Outlook offer hope during a period of turmoil for the oil and gas industry.
Total’s ambition is to meet the energy needs of a growing world population, tackle climate change and provide solutions that match changing customer expectations.
The first production well is now online and a second well will start production in the coming weeks.