FAR lets contract for Gambia drilling program

FAR Ltd., Perth, has let a contract to Stena Drilling for the drilling of the large Samo prospect offshore Gambia with operations to begin late this year. Source: News

Chevron reports first quarter net income of $3.6 billion

Chevron Corp. reported earnings of $3.6 billion for this year’s first quarter compared with $2.7 billion in the same quarter in 2017. The company attributes cash flow and earnings increases to “a powerful combination” of expanding upstream margins and volumes. Source: News

W&T Offshore, BHGE enter partnership for 14 gulf drilling projects

W&T Offshore Inc. and Baker Hughes have entered a partnership whereby BHGE will provide integrated oil field services and oil field equipment for a joint exploration and development program W&T entered with a group of investors to drill as many as 14 specified projects in the Gulf of Mexico over the next 3 years. […]

Yuri Korchagin second-phase drilling due

Drilling in the second phase of development of Yuri Korchagin oil and gas field in the Caspian Sea offshore Russia is expected to start this month, reports Lukoil.  Source: News

New production unit doubles Zohr output

Eni SPA and partners have doubled output capacity of deepwater Zohr natural gas field in the Mediterranean offshore Egypt to 800 MMscfd with installation of a second production unit designated T-1.  Source: News