Company Overview and News
Stop missing out on important events!
INAEC president Benjamin Lopez (left) and Galoc operations manages James Hogan (right) at the signing of the new agreement
Oil and gas producer Santos has recruited former Nido Petroleum and BHP Petroleum executive Philip Byrne, who will take over from retiring executive vice president John Anderson.
Commercial potential for the Galoc Mid Area on Block C1 offshore the Philippines remains inconclusive according to Galoc Production Co. WLL, a subsidiary of Nido Petroleum Ltd., Perth. The operator reported that its Galoc-7 well in Contract Area 14 encountered its reservoir objective between 2,240-2,358 m MD with a gross pay of 115 m and net sand thickness of 8 m comprising poor quality sandstone and claystone (OGJ Online, Apr.
MANILA, Philippines - A new well will be drilled at the Galoc Oil Field offshore Palawan after results of a recent drilling showed no clear signs of oil and gas in commercial quantities, Australian oil and gas company Nido Petroleum Limited said.
Karoon Petroleo & Gas, a Brazilian subsidiary of Karoon Gas Australia Ltd., Melbourne, has let a multiyear contract to Wood Group for the engineering services for full field development of Echidna oil field in the Santos basin offshore Brazil.
Galoc Production Co. WLL, a subsidiary of Nido Petroleum Ltd., Perth, has spudded an appraisal well in Galoc oil field offshore the Philippines.
PERTH -- Nido Petroleum Limited, on behalf of the Galoc JV partners, has advised that the drillship Deepsea Metro I has commenced mobilization from Labuan, Malaysia, to the Galoc-7/7ST well location in Block C1 of Service Contract 14, offshore the Republic of the Philippines.
MANILA, Philippines - Australian oil and gas company Nido Petroleum Limited expects to drill a new well at the Galoc Oil Field offshore Palawan by end-March which could extend the life of the oil field.
MANILA, Philippines - Even with the change in name, PXP Energy Corp. will continue to focus on existing oil and gas projects while scouting for renewable energy (RE) developments this year.
Rig deployment in the US continued to pick up steam during the week ended Feb. 3 as Baker Hughes Inc.’s tally of active units recorded its third consecutive weekly double-digit increase.
Maersk Drilling took delivery of its fourth XL Enhanced jack up drilling rig, the Maersk Invincible, from Daewoo Shipbuilding and Marine Engineering. It’s the fourth ultra-harsh environment jack up rig for the Maersk fleet.
Adelaide company Beach Energy Ltd. has expanded its proposed drilling program for financial-year 2017 to 16 operated wells and up to 42 nonoperated wells following record half-year production plus success in the field and cost efficiencies.
Royal Dutch Shell PLC announced a series of transactions involving the sale of oil and gas assets in the UK North Sea and Thailand worth a total of nearly $5 billion.
A subsidiary of Nido Petroleum Ltd., Perth, will drill an appraisal well aimed at extending the productive life of Galoc oil field on Block C1 of Service Contract 14 offshore the Philippines.
MANILA, Philippines – Not keen on joint exploration for oil and gas prospects with China, Energy Secretary Alfonso Cusi wants all suspended service contracts in the West Philippine Sea to be developed by project proponents first.