Drilling and Production News

  • Maersk Drilling outlines alliance with Aker BP

    November 21, 2017

    Maersk Drilling and Aker BP announced a drilling rig alliance based on a tripartite collaboration model that also includes service provider Halliburton Co. The alliance involving high-performance jack ups aims at lower cost for Aker BP and increased profitability for Maersk Drilling and Halliburton. 

  • Serica due BP stakes in three fields off UK

    November 21, 2017

    Serica Energy PLC, London, has agreed to buy interests in three natural gas and condensate fields in the northern UK North Sea from BP PLC and become operator. 

  • Chaparral exits EOR to focus on STACK

    November 20, 2017

    Chaparral Energy Inc., Oklahoma City, has sold its enhanced oil recovery properties in Oklahoma and Texas to Perdure Petroleum, which Delaware records indicate was formed Sept. 26 as a limited liability company.


  • Funding complete for two Nigerian fields

    November 20, 2017

    Nigerian National Petroleum Corp. says execution of the final phase of an alternative financing agreement with Chevron Corp. will boost production in Nigeria by 39,000 b/d of oil and 283 MMscfd of natural gas. 

  • Kuwaiti political churn overshadowed by conflict nearby

    November 20, 2017 Kuwait, overshadowed by escalating conflict between larger neighbors, stays stable amid parliamentary churn.
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