Drilling & production - 16 January 2015

Repsol has completed the exploratory well, which began on 18 November 2014 in the Atlantic Ocean about 60km from Lanzarote and Fuerteventura.

Indonesia has scrapped a land tax that companies pay while exploring for oil and gas, a move that might encourage exploration at a time of concern.

Petrobras has saved US$1 billion in cost reductions, design optimization and productivity gains since it launched its Well Cost Reduction Program.

The United States District Court for the Eastern District of Louisiana ruled on the issues raised in the Phase 2 trial of the Deepwater Horizon case.

Wentworth has an 11.59% net interest in this well, which is being operated by Anadarko and drilled with the Helmerich & Payne rig #243.

BG Group has commented on the start-up of gas and condensate production from the Total-operated West Franklin field in the UK North Sea.

GMB call for North Sea firms not to make decisions on the hoof that could have long-term implications for the UK oil and gas sector.

The president should use next week’s SOTU to embrace policies for a new era of American leadership on energy and jobs, said Jack Gerard.

BP faces a fine of up to US$13.7bn (£9bn) after a US judge ruled that the 2010 Gulf of Mexico oil spill was smaller than initially feared.

Applied Drilling Technology International Limited (ADTI) is targeting growth worldwide as the company prepares for a significant anniversary.

Range replaced 581% of production in 2014 from drilling.

Encana Corporation has completed the previously announced sale of certain Clearwater assets in Alberta to Ember Resources Inc.

Transocean Ltd. today issued a comprehensive Fleet Status Report that provides status and contract information.