Drilling & production - 03 June 2010

Baker Hughes has acquired Siberia based Oilpump Services (OPS), the second largest electrical submersible pumping (ESP) system service company in Western Siberia.

BP has announced that it supports the US government's decision to proceed with the construction of six sections of the Louisiana barrier islands. The company will fund the estimated US$ 360 million it will cost to construct the six sections.

Marine bacteria could be the key to cleaning oil spills in the sea, without further damaging the environment by using chemicals, according to microbiologists at Bangor University.

There are many pros and cons to taking over BP when it is vulnerable, but at the moment, the cons appear to outweigh the pros.

The Captain Sandstone in the Moray Firth is being investigated as a possible site for carbon storage due to the salt infused sandstone present there.

A roundup of news from the two Middle Eastern downstream industries.