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World Oil News
Oil producer Cenovus Energy Inc. said it may spend hundreds of millions more than planned this year as it absorbs an acquisition in Alberta and restarts an offshore project off the coast of Newfoundland. Source
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Neptune Energy has begun drilling on the Ofelia exploration well in the Norwegian sector of the North Sea, the company announced. Source
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Aquaterra Energy has been awarded a high-pressure high temperature subsea riser contract with oil and gas operator, Umid Babek Operating Company (UBOC), for the exploration of its HP well on the Babek project in Azerbaijan. Source
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Oceaneering International announced its Subsea Robotics segment has been awarded a multi-year service contract supporting Petrobras projects off the coast of Brazil. Source
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Block Energy plc, an exploration and production company focused on Georgia, announced the commencement of Project II of its three-project strategy, which will re-develop the Patardzeuli Middle Eocene reservoir. Source
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Supply chain companies in the UK offshore oil and gas sector are in prime position to win work in carbon capture and storage if urgent action is taken by governments and industry, a new report indicates. Source
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Supply chain companies in the UK offshore oil and gas sector are in prime position to win work in carbon capture and storage if urgent action is taken by governments and industry, a new report indicates. Source
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Baker Hughes has announced it is acquiring AccessESP, a provider of advanced technology for artificial lift solutions, to further transform core oil and gas operations by reducing costs and downtime for operators. Source
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Baker Hughes has announced it is acquiring AccessESP, a provider of advanced technology for artificial lift solutions, to further transform core oil and gas operations by reducing costs and downtime for operators. Source
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An oil pipeline capable of hauling 180,000 barrels a day across Nigeria has ceased transporting crude since mid-June due to theft, according to a person familiar with the information. Source
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