Drilling & production - 17 June 2015

ASCO has signed a contract with Marathon Oil which will further strengthen the company’s market leading positioning in the UK.

A custom designed main air compressor package, set to be installed in the South Caspian Sea has been delivered to Baku, Azerbaijan.

The combination of lower upstream earnings and higher downstream earnings contributed to higher profits in the downstream segment due to crack spreads.

Willbros has completed the initial transaction of its plan to sell its downstream engineering and heater engineering services to Bernhard Capital Partners.

BG Group and Shell confirm that they are underway with relevant anti-trust and regulatory filing processes.

ABB has won an order from offshore services provider, Bumi Armada Berhad, to supply electrification and automation systems for Eni’s FPSO vessel for a recently discovered oilfield off the coast of Angola.

Since 2013, Statoil has been making reductions across its workforce and it plans to continue doing so in the near future.

The American Petroleum Institute (API) has encouraged Congress and regulators to prioritise Arctic offshore oil and natural gas development.

The contract will cover subsea well tie-back, engineering, IRM, ROV and associated services.

Software designed to improve the analysis of spatial well data.

LGO Energy plc has announced its plans for testing three wells and confirms that it has the necessary approvals to construct two sales tanks.