Drilling & production - 19 December 2014

Despite some very real challenges in the next 12 months, the North Sea industry will find itself in better shape in 2016.

Drillsearch Energy Limited has announced that it has restarted oil production from the Flax facility in PRL 14 in the Cooper Basin.

Woodside has finalised an agreement with BP to farm in to blocks off the coast of Nova Scotia, Canada.

Hawk Exploration Ltd. has announced an operational update and provided guidance on the corporation's 2015 capital budget.

The production period under the petroleum contract for Block 25/34 has accordingly commenced.

The total value of new contracts since the November 18, 2014 Fleet Update Summary is approximately US$453 million.

From its Aberdeen base, Schlumberger will deliver all the main drilling and well services for Mariner.

Wild Well Control has formed Advanced Engineering Group with the addition of Prospect Flow Solutions.

The company has received notice that AWE has elected not to proceed as part of the VIC/P67 joint venture.

SMART-LOC™ delivers the modular solution for pneumatic actuator control

The new shipyard facility of Honghua Offshore Oil & Gas Equipment Company in Jiangsu, China, has launched its first ship.

SeverEnergia has launched the second stage of the Urengoyskoye field including the second train of the gas condensate de-ethanisation unit.

The US Department of Energy has announced 22 emissions reduction projects and a new Assistant Secretary For Fossil Fuels.