Drilling & production - 03 November 2014

Edward Davey, Secretary of State for Energy and Climate Change, has released a statement in response to the IPCC report on climate change.

Chevron has reported earnings of US$ 5.6 billion (US$ 2.95 per share – diluted) for Q3, 2014, compared with US$ 5.0 billion in the 2013 third quarter.

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CAN Group has been awarded a £4 million contract to provide asset integrity services in the North Sea as the firm also announces international growth.

Total E&P Norge AS, operator of production licence 554, has completed drilling of appraisal well 34/6-3 S on the 34/6-2 S oil discovery and wildcat well 34/6-3 A.

BMT Oceanica has been awarded the Australian Petroleum Production & Exploration Association’s “Understanding the Risks of Unplanned Discharges” study.

Cairn India, one of the largest independent oil and gas E&P companies in India, has initiated a polymer flood EOR programme at the Mangala field.

Earnings in the period rose 3% from the third quarter of 2013, driven by higher margins and improved operations in the downstream and chemical businesses.

The gigantic Johan Sverdrup field, one of the most profitable industrial projects in Norway over coming decades, will provide enormous value.

The International Energy Agency reports that strong incentives on energy access and renewable energy as well as subsidy reform reflect the Moroccan government’s determination to fulfill the aims of its Energy Strategy.