The average price for Brent crude oil in 2018 will remain in the range of US$50s per barrel, according to Gulf Intelligence’s recent industry survey which was conducted across the Middle East and Asia
Oil to average in the US$50s a barrel in 2018
Exploration
KROHNE introduces new large line size coriolis mass flow meters for oil and gas industry
The process measuring technology provider KROHNE has introduced new large line sizes for its OPTIMASS series, aiming to achieve continuous and repeatable mass flow or density measurement in a wide range of gas fractions and complex flow conditions
Altus Intervention and Qinterra Technologies form united global well service company
Qinterra Group’s North Sea well intervention specialist Altus Intervention and the international technology arm Qinterra Technologies have united to form one global force in well services
Uganda signs oil exploration deal with Australia's Armour Energy
Uganda has signed a petroleum exploration deal with Australian company Armour Energy Limited, a move that will see oil exploration at Kanywataba block which is located near Lake Albert on the border with Democratic Republic of Congo
Schlumberger announces DELFI cognitive E&P environment
Schlumberger has unveiled the new DELFI cognitive E&P environment, which aims to enable collaboration across exploration and production (E&P) teams and leverage the full potential of all available data and science to optimise E&P assets
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