Serica Energy plc, a British independent upstream oil and gas company with operations centred on the UK North Sea and gas accounting for over 80% of its production, has encountered difficulties in the...

Following an offer letter signed in April 2021, Archer has announced that it has signed a sales and purchase agreement (SPA) to acquire DeepWell for NOK177mn on a debt and cash free basis which will b...

Aker BP was the first operator worldwide to use bismuth alloy to plug the top section of old oil wells. Since then, the technology is now used on 30 wells on the Valhall field, resulting in safer, per...

Archer Limited has signed an offer letter with Moreld laying out principle terms to purchase 100% of the shares in DeepWell AS (DeepWell). DeepWell is a leading Norwegian well intervention company es...

Aker BP has completed the plugging of wells at the Valhall oilfield centre six years earlier than originally planned, saving more than NOK5bn. Aker BP is the operator alongside partner Pandion of the...

In an operational and financial update, Hurricane Energy plc, a UK-based oil and gas company, has provided an update on production from its Lancaster field and Early Production System (EPS) and net fr...

At Hannover Messe, April 12-16, Bosch Rexroth will present the SVA R2 Subsea Valve Actuator, a disruptive innovation for electrically actuating valves in the subsea process industry. The SVA R2 is th...

Safe Influx has announced that the rig trial of the industry’s first ever integration of Managed Pressure Drilling (MPD) and Automated Well Control technology has been completed following months of ...