Drilling & production - 12 May 2014

Attendance at OTC 2014 reached a 46 year high of 108 300, the highest in show history and up 3.3% from last year.

According to a research report by consulting firm Molten, many oil and gas companies are ‘borderline irresponsible’ in treatment of data.

EY has released the findings of it bi-annual Oil and Gas Capital confidence barometer.

On May 2, the China’s CNOOC placed its deep sea drilling rig HD-981 in disputed waters south of the Paracel Islands. Vietnam objected to the placement.

The company reported a first quarter net loss of US$ 50 million or US$ 0.21 per fully diluted share, and an operating loss of US$ 42 million.

The Pennsylvania Department of Environmental Protection (DEP) has released its first ever Oil and Gas Annual Report.

Douglas-Westwood: Western Europe will continue to rely on Russian gas into the 2020s as mature provinces struggle for growth and shale gas remains unlikely.