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Subsea 7 Awarded Contracts Offshore Norway

Luxembourg - 15 December 2017 - Subsea 7 S.A. (Oslo Børs: SUBC, ADR: SUBCY)today announced the award of two contracts from alliance partner Aker BP in theNorwegian North Sea. The contracts are for the Skogul project and the ValhallFlank West project, which collectively are equivalent to a sizeable( ...

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Posted 1 day agoPress > OffshoreNorwayContract +4

Aker BP Submitted Plans for Development and Operation (PDOs) for Three Projects

Today, Aker BP submitted Plans for Development and Operation (PDOs) for three projects. The total investments will amount to approximately NOK 15.5 billion. Valhall western flank One of the PDOs concerns the Valhall western flank in the North Sea. The development will take place with an unmann ...

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Posted 1 day agoPress > Aker BPNorwayNorwegian Petroleum Directorate +2

Bakken Gas Threatens Crude Production

The output of associated gas in two counties within the Bakken core has already exceeded local processing capacity, and will impact production growth, according to ESAI Energy's December North America Watch. Associated natural gas output is rapidly increasing from the core counties in the Bakken. ...

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Posted 1 day agoOpinion > Bakken GasESAI EnergyNorth Dakota

Micro-Cap Oil & Gas Explorer's First Permian Basin Well Flowing 465 Barrels/Day

Exploration is just beginning for this oil and gas E&P with large tracts of prime land in the Permian Basin in Texas. Torchlight's Hazel Project, Midland Basin, Texas Torchlight Energy Resources Inc. (TRCH:NASDAQ) , an oil and gas exploration and production (E&P) company with rights to pro ...

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Posted 1 day agoPress > Permian BasinTexasUnited States +3

Petrobras and ExxonMobil Form Strategic Alliance

Petrobras and ExxonMobil  have signed a memorandum of understanding regarding a strategic alliance to jointly identify and evaluate potential business opportunities. The memorandum of understanding was signed in Rio de Janeiro today by Pedro Parente, president of Petrobras, Brad Corson, president ...

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Posted 1 day agoPress > PetrobrasExxonMobilStrategic Alliance +2
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