The price of Brent crude oil fell by 6% to US$53 on the 5th of January, signalling the worst first Monday of the year on record.
Drilling & production - 06 January 2015
Helix, OneSubsea and Schlumberger announced today the execution of the definitive agreements for the companies’ non-incorporated alliance.
Chevron Corporation today announced a significant oil discovery at the Anchor prospect in the deepwater U.S. Gulf of Mexico.
Hallin Marine announced the highly successful outcome of a unique project for COOEC Subsea Technology.
Pacific Rubiales Energy Corp. today provided an update on oil flow test results in the Kangaroo-2 appraisal well, located in the Santos Basin, Brazil.
Otto Energy Ltd. (Otto) announced on Tuesday that the joint venture with Swala has successfully completed a 267 mile 2D seismic program.
DNO ASA and Entreprise Tunisienne d'Activités Pétrolière announced today the completion of drilling of the Jawhara-3 well on the permit.
Australian Government has released 28 proposed areas for the 2015 Offshore Petroleum Exploration Acreage Release.
Dyna-Mac Holdings Ltd has been awarded a US$71.2 million contract for 10 units of FPSO topsides modules destined for Premier Oil’s Catcher oilfields.
The global oil and gas industry is entering a challenging 2015 based on stubbornly low oil prices, Moody's Investors Service says in a new report.
Fluid samples and cable test conducted in reservoirs located at a depth of some 4300 m confirmed the presence of excellent quality oil.
Primeline Energy Holdings Inc. today announced that commercial production has now commenced at its LS36-1 gas field.
Analysts at Rystad Energy consider the falling breakeven price of shale, considering today’s oil price climate.
Reports expect most US exploration and production (E&P) companies to show good organic reserve replacement and growth in proven reserves for 2014.