World News

HOUSTON — Noble Energy has finalized the previously announced bolt-on transactions which have added approximately 7,200 net acres to the company’s Southern Delaware basin position in Reeves County, Texas. The properties, which include associated production of approximately 2,400 boed, are located within and directly adjacent to the company’s existing acreage. Noble Energy’s acreage position and production in the basin has ...

HOUSTON — W&T Offshore announced that its Ship Shoal 359 A-18 well has logged 149 ft of net oil pay in five zones and extended the size and depth of the Mahogany field.  The SS 349 A-18 well was drilled on the western side of the Mahogany field to extend the productive limit of the ‘T’ sand, which was discovered ...

SHANGHAI, China — Wison Offshore & Marine has announced that the company has developed a range of practical solutions for floating power supply. With design philosophy of “plug-in power,” all products which are named W-FSRP series (Wison-Floating Storage Regasification and Power generation) feature integrated functions of LNG loading and storage facilities, regasification and power generation. The smallest unit starts at ...

HOUSTON — C&J Energy Services, Inc., has announced that effective as of Jan. 6, 2017, the Company has successfully completed its financial restructuring and emerged from Chapter 11 bankruptcy, having satisfied all of the conditions to the effectiveness of its plan of reorganization. Through this financial restructuring, C&J has significantly improved its financial position by eliminating approximately $1.4 billion of ...

COPENHAGEN, Denmark — Maersk Oil is planning to halt production from Tyra field, Denmark’s largest gas field, during the fourth quarter of 2018. According to the Copenhagen-based company, an economically viable solution for full recovery of the field’s remaining resources has not yet been identified, and production is consequently expected to cease on Oct. 1, 2018. “Tyra has since 1984 ...

BOSTON — geoLOGIC systems, a portfolio company of BV Investment Partners, has announced that it has purchased Canadian Discovery Ltd.’s (CDL) Well Completions & Frac Database and related products, including its Direct Data Access add-on module and the Drilling Database. This acquisition includes the products and the team behind them, so clients using Canadian Discovery’s Well Completions & Frac Database ...

HOUSTON — PETRONAS’ first floating liquefied natural gas facility, PFLNG SATU moored by SOFEC, Inc.’s external turret has achieved an industry breakthrough with the successful production of its first drop of LNG from Kanowit gas field, offshore Sarawak on Dec. 5, 2016. PFLNG SATU achieved the first gas milestone with the introduction of gas from the KAKG-A central processing platform ...

NEW YORK — Wärtsilä has signed a ten-year maintenance agreement with MOL LNG Transport Europe Ltd., an affiliate of the Japanese MOL Group. The agreement, which covers two LNG carriers, increases the predictability of the vessels’ operations, enhances safety and reduces operational costs. The comprehensive service agreement includes all scheduled engine maintenance activities, workshop services and online remote support. With ...

IRVING, Texas — Exxon Mobil has reported a new natural gas discovery in the Papua New Guinea North Highlands, 13 miles (21 km) northwest of Hides gas field. Interest owners are Exxon Mobil (42.5%), Oil Search Limited (37.5%) and Barracuda Limited, a subsidiary of Santos Limited (20%, subject to regulatory approval), with Oil Search as operator. The Muruk-1 well encountered ...

LONDON — BP and PTT Public Limited Company (PTT) have entered into a sales and purchase agreement for liquefied natural gas. Under the agreement, BP will provide PTT with approximately 1 million tonnes of LNG per annum.  The term of the agreement is 20 years.  LNG supply will commence in 2017 and will be sourced from BP’s diverse portfolio of ...