Cabot Energy (AIM: CAB), the AIM quoted oil and gas company focused on production led growth balanced with high impact exploration and appraisal opportunities.
Submitted by Mark Venables on Thu, 2018-05-24 08:01
24th May 2018
Equinor is pleased to have been awarded nine new licences in the 30th Offshore Licensing round, 8 as operator, as announced by the Oil and Gas Authority (OGA) today.
Plug and play is a concept from the computing and space industries, where equipment is designed to be connected, operated and reused more simply and efficiently. Adopting this concept in oil and gas could significantly reduce the cost of developing small pools.
Aker BP ASA, operator of production licence 212, has concluded the drilling of a combined exploration and appraisal well, 6507/5-8, near and on Ærfugl.
The announcement also sees Vryhof businesses secure contracts in Cooper’s main target drilling area - offshore Victoria, Australia - for the first time.
The Oil & Gas Innovation Centre (OGIC) has invested more than £300,000 into three new projects which have the potential to cut operational costs and improve efficiency in the oil and gas industry.
