Preliminary analysis of the gas measurements in the mud logging results indicates over 40 meters of potential natural gas pay within six separate sands in the Akçakoca Member of the SASB production zone.
ASX-listed Beach Energy has completed its offshore drilling campaign in Otway Basin off Australia, describing it as a critical investment in new gas supply for the east coast market, providing much-needed gas to homes and businesses.
UK oilfield services provider Wood Plc has revealed that its Chief Executive Officer (CEO), Robin Watson, is retiring from the role after seven years. The company is now beginning the process to appoint his successor.
About 28,500 workers at Norwegian shipyards, oil industry fabrication plants and other manufacturers will go on strike from April 1, unless labour unions and employers reach a new wage deal, a state-appointed mediator said on Monday.