Survey: Inspection, maintenance spending insufficient for oil, gas equipment

Nearly half, about 46%, of the 813 senior oil and gas professionals who participated in a recent survey said they believe there has not been enough investment in inspection and maintenance of infrastructure and equipment in recent years, Oslo-based DNV GL reported on May 1.  Source: News


India’s open-acreage round draws 110 bids

Nine companies submitted a total of 110 electronic bids for 55 blocks offered in India’s first open-acreage licensing round, which had been extended by a month. Source: News


Savannah logs oil pay in Niger well

Savannah Petroleum PLC, London, is firming its license in southeastern Niger after making an indicated oil discovery in the R3 part of its R3/R4 production sharing contract area.  Source: News


Scaffardi named Saras chief executive

Dario Scaffardi has been named chief executive officer of Italian refiner Saras SPA, Sarroch. He has been general manager.  Source: News