Drilling & production - 12 February 2016

Pura Vida Energy NL has announced that the company is a party to a farmin agreement and joint operating agreement with a subsidiary of Freeport-McMoRan Oil & Gas.

Europa has been awarded a new licensing option in the southern Porcupine Basin, offshore Ireland as part of the 2015 Atlantic Ireland round.

The average full-cycle breakeven price for an offshore planned project in the country is now US$58/bbl of oil equivalent.

WEG W22 motors, used by Paragon Offshore for jackup operations in the North Sea.

Aker has provided a summary of its financial highlights during the last quarter of 2015.

The company has invested £500 000 in state-of-the-art equipment for its Peterhead, UK facility.

Pacific Exploration & Production Corp. has announced it is actively working with its creditors pursuant ensure the long-term viability of its business.

This marks the second discovery on the Rakhine Basin since the beginning of 2016.