A few weeks ago, energy supermajor BP made a US$5 million investment in Belmont Technology, a Houston-based artificial intelligence (AI) start-up. In the investment in Belmont Technology, BP is hoping to apply its AI cloud-based geoscience platform for more accurate lifecycle projections in explo ...Serica Energy partner with IT specialists Sword to support their asset transition journey
In recent years, the UK oil and gas industry has undergone some major changes. As fields mature and margins reduce for the big producers, smaller independent companies have been stepping in to operate assets more efficiently and extend the life of fields in line with the government's strategy to ...Serica Energy Completes BKR Acquisition From BP
Significant increase in reserves and production post BKR and BK completion Serica's pro-forma net 2P Reserves increased over 20-fold to 63.7 mmboe Net production from the assets acquired has averaged in excess of 23,000 boepd YTD of which over 85% is gas Acquisitions expected to be immediatel ...NPD: Drilling Permit for Well 24/9-13 in Production Licence 869
The Norwegian Petroleum Directorate has granted Aker BP ASA a drilling permit for wildcat well 24/9-13, cf. Section 15 of the Resource Management Regulations. The well will be drilled from the Scarabeo 8 drilling facility in position 59°17'51.93" north and 1°46'2.34" east after drilling wildcat ...Cue Energy: Conditional Agreement for WA-359-P Joint Venture and Ironbark Exploration Well Funding
Cue, BP, Beach Energy and New Zealand Oil & Gas have reached a conditional agreement to farm-in and drill the Ironbark-1 well BP to immediately take on well planning lead role BP to assume operatorship on satisfaction of certain conditions Cue to retain a 21.5% equity in WA-359-P with ...Cue Energy: WA-359-P Farmout and WA-409-P Option Agreements With New Zealand Oil & Gas
New Zealand Oil & Gas to acquire 15% equity in WA-359-P and a 5.36% equity option in WA-409-P New Zealand Oil & Gas to carry 2.85% of Cue well costs in WA-359-P Ironbark-1 exploration well now fully funded and planned for early 2020 A separate announcement regarding the formation of a ...Cue Energy: WA-359-P Extension of BP Equity Option
Extension of BP option to acquire 42.5% equity in WA-359-P until 25 April 2019 Melbourne, Australia 26 October 2018; Cue Energy Resources Ltd (ASX:CUE) advises that through its 100% owned subsidiary, Cue Exploration Pty Ltd, the 42.5% equity option over exploration permit WA-359-P granted t ...BP Alligin Oil Development - Comment From Westwood Global Energy Group
In response to today's announcement that BP has been granted approval for a North Sea development which it is hoped will produce 20 million barrels of oil, David Moseley, NW Europe Reports Manager at Westwood Global Energy Group ( https://www.westwoodenergy.com ) said: “The Alligin field, which h ...Engage with both the E&P community and financial sector at SPE's London Annual Conference.
SPE London Conference 23 October 2018 | Gibson Hall London, England, UK Hear expert opinion on oil and gas investment opportunities at SPE's London Annual Conference. With now only a week to go, register your place today to engage with both the E&P community and financial sectors. Hear from top ...Joint industry Human Rights Supply Chain Engagement
BP, Equinor, Shell and Total CEOs announce that they have agreed to join forces to create a collaborative approach to human rights supplier assessments in the energy industry. Participating companies recognise the importance of working with suppliers that respect human rights, in line with the UN ...SDX Energy - Recent Press Speculation
SDX Energy Inc. (TSXV, AIM: SDX), the North Africa focused oil and gas company, notes the recent press speculation relating to the Company. The Board confirms that it is in discussions for the acquisition of a significant package of assets in Egypt from BP (the “Acquisition”). The Acquisition woul ...Equinor: Increased Value Creation, More Resources and Greater Ripple Effects From Johan Sverdrup
Increased Value Creation, More Resources And Greater Ripple Effects From Johan Sverdrup August 27, 2018 06:45 CEST Johan Sverdrup phase 2. Illustration: Try/Equinor Today, Equinor and the Johan Sverdrup partnership of Lundin Norway, Petoro, Aker BP and Total, are submitting ...Santos: PNG LNG Signs Mid-Term Sales Agreement With BP Singapore
Santos advises that the PNG LNG Project co-venturers have entered into a mid-term LNG sale and purchase agreement (SPA) with BP Singapore Pte. Limited (BPS), for the supply of LNG commencing in August 2018. The mid-term SPA is for supply of approximately 0.45 million tonnes of liquefied natural ga ...Wood Launches Mew Phase of Subsea Integrity Management Industry Network
Wood has further extended the SURF IM Network, which aims to share experience and lessons learned from subsea integrity and reliability issues and is supported by 10 major global operators: BP, Chevron, ExxonMobil, Hess, Husky, PETRONAS, Shell, Suncor, Total and Woodside. Led by Wood and establish ...Cue Energy: WA-359-P Work Program Suspension and Permit Extension
Suspension of Year 3 well commitment until 25 April 2019 Permit term extended until 25 April 2019 Ironbark-1 well planning continuing, targeting 2019 drill date Melbourne, Australia 9 August 2018; Cue Energy Resources Ltd (ASX:CUE) is pleased to advise that its 100% owned subsidiary, ...
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