Drilling & production - 21 March 2016

Total signed a strategic cooperation agreement with China National Petroleum Company (CNPC) to extend the two companies’ existing collaboration.

Contract will cover operations at the Dana-operated Western Isles developments in the northern North Sea.

Honghua Group Ltd. has announced that Honghua Golden Coast Equipment FZE, a wholly-owned subsidiary of the Group, entered into a sales agreement with Kuwait Drilling Company K.S.C 15 March 2016.

The industry has historically added around £25 billion to the UK’s bottom line.

Operations are underway to free stuck a struck drill pipe on the SM 6 2 well offshore Louisianna.

Bahamas Petroleum Company has announced its final results for the year ended 31 December 2015.

The contract will cover several undeveloped oil and gas fields in Northwest Offshore Abu Dhabi including the Ghasha and Hail areas.

The company is maintaining its robust financial position by entering into an RCF facility.