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Thom Payne, Director, Westwood Global Energy Group shares his insight on the timing of a substantial market recovery in Southeast Asia and the mid-long term outlook for regional E&P activity amid macroeconomic forces shaping higher oil prices.
Revenue was up on 2016 by 23% at £278 million, with profit of £0.8 million, down £0.2 million on 2016.
The new device is equipped with a measuring system which uses electromagnetic-acoustic transducers (EMATs).
Wellhead fatigue mitigation system now available for improving safety and fatigue life offshore Norway.
The contract is extended through October 2021 and includes a blend and extend modification to the previous contract dayrate, effective September 2018.
BV Solutions M&O has been launched to provide technical advisory, asset management and assurance services to the marine and offshore sectors.
The company has strengthened its underwater inspection and maintenance capability with the provision of new mini ROVs for performing subsea operations in challenging environments.
The company is excited for its anticipated delivery of its high quality heavy crude oil into the market.
The company has a 100% working interest. Upon a commercial discovery CNOOC has the right to participate in up to 51% working interest.
The company has announced that the Ocean Rig Poseidon, a sixth generation deepwater drillship, has commenced its mobilisation.
The joint venture will operate under the name Wintershall DEA.
The company has announced that the Mexican oil & gas regulator, the National Hydrocarbons Commission, has approved the appraisal plan for the Zama discovery.