News

  • Successful Appraisal Drilling at Eridu Field in Iraq

    Lukoil and Inpex Corporation have successfully completed testing of the fifth well as part of the appraisal phase at the Eridu field (Block 10) in the southern part of Iraq.   The well recorded daily flow rate of more than 1,500 cubic metres of oil…

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  • ION announces new multi-client programme offshore Central America

    ION Geophysical has announced a new 2D multi-client reimaging programme off the Pacific coast of Central America.   The Maya Reprocessing programme covers unexplored open acreage which has not had E&P activity in 40 years.   Previous exploration wells along the margin suggest the presence…

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  • Saudi Aramco, McDermott Sign Deal For New Oil Services Facility

    Saudi Aramco signed a land lease agreement with McDermott Arabia Company on the 26th March to establish an engineering, procurement, construction, and installation (EPCI) facility in the King Salman International Complex for Maritime Industries in Ras Al-Khair, Saudi Arabia.   A joint press release said…

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  • Shell to spud offshore well in Bulgaria next week

    Shell is preparing to start drilling an exploration well in the Black Sea offshore Bulgaria within days.   On the 26th March Reuters reported, citing a Shell Bulgaria manager who said that the well at the Block 1-14 “Khan Kubrat” license area would be spud…

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  • Shale’s Growing Pains Could Curb US Oil Production

    The dramatic ramp-up in US shale production is running into a combination of issues — technical and financial — which threaten to slow the pace of expansion, according to some of the industry’s biggest companies.   Schlumberger and Halliburton, two of the largest providers of…

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  • Shell ships first cargo from Prelude FLNG

    Shell has sent first condensate cargo from its huge FLNG facility offshore Western Australia – The Prelude.   The Floating LNG project located 475 kilometres north-northeast of Broome in Western Australia, shipped its first cargo over the weekend, Reuters has initially reported, citing a statement…

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