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In the same week that Shell agreed to explore for shale oil in China, BP is reported to be exiting its two Sichuan basin shale gas blocks. Wood Mackenzie eastern Asia upstream research analyst, Xianhui Zhang, provides commentary.
The company will maintain its headquarters in London, England, with a significant presence in Houston, Texas.
The independent global completions service company has more than doubled its work in the UK offshore sector over the past twelve months.
The company has announced that it has signed an agreement to acquire 22.45% interest in the Caesar Tonga oilfield from Shell Offshore Inc.
The contract covers four separate surveys; three in the North Sea and one off the coast of Western Australia.
Headquartered in Houston, USA, Benthic adds deepwater and ultra-deepwater surveying capabilities to Acteon through its portable remotely operated drill (PROD) technology.
The new location will also offer a hub facility for the company’s expanded field service and parts stocking capabilities in the region.
Borets, a leader in the engineering, manufacturing, sales and service of electric submersible pump (ESP) systems, has successfully installed its 250th permanent magnet motor (PMM) ESP system in the US.
The well is being completed as a producer in the Vivian formation in the northern portion of the Bretaña structure.
A Heads of Agreement has been signed with the Ministry of Oil and Gas of the Sultanate of Oman for the award to Total of an exploration license on Block 12.
SUEZ has extended its 2016 cooperation agreement with The EOR Alliance to serve the growing demand for enhanced oil recovery.
The contract covers the supply of flexible pipes for oil production, gas lift and gas injection as well as associated accessories.