Drilling & production - 18 February 2016

Priorities: safeguarding cash flow, sustainable upstream business, highly competitive downstream oil division, restructured downstream gas business.

The financial highlights show an adjusted net loss of US$869 million, or US$1.28 per diluted share.

The goal of the partnership is to expand communications services in the energy sector in Africa.

Culzean is one of the largest gas discoveries of recent years in the UK North Sea.

Woodside Energy has entered into an agreement to acquire a 65% participating interest in a Production Sharing Contract and associated joint operating agreement in the AGC Profond block.

The partnership will is aimed at supporting Colombia’s development of significant heavy oil resources.

Parker Drilling Company has reported results for the quarter ended December 31, 2015, including a net loss of US$35.6 million, or US$(0.29) per share, on revenues of US$148.7 million.

Kosmos Energy has been informed by Tullow Oil plc, operator of the Jubilee Unit, of a change to operating procedures on the Jubilee field Floating Production Storage and Offloading vessel.