Drilling & production - 22 January 2015

EY’s Oil & Gas US Quarterly Outlook suggests that the oil price collapse will spur transaction activity.

Canada’s economy will suffer from the shock of tumbling oil prices this year, especially from a sharp reduction in energy investment.

Indonesia plans to offer 8 oil and gas exploration blocks in 2015.

Russia may see oil output fall by 1 million bpd at most.

Lundin Petroleum AB updates on forecast fourth quarter 2014 financial performance.

The boss of oil giant BP Bob Dudley has said that oil prices could remain low for up to three years.

The falling oil price has forced the world's biggest mining company, BHP Billiton, to cut its US shale oil operation by 40%.

Acteon company Aquatic recognises 1000 days without a lost-time incident.

The Badada-1 well was spud at 14:00 GMT on 7 January 2015 and has been drilled to a total depth of 918 m.

People Factor Consultants Ltd (PFC) has celebrated the second anniversary of its high fidelity power distribution simulator.

The new hull design improves versatility, strength and load capabilities for ultra-deepwater and harsh conditions.

Treasury Secretary Jack Lew’s remarks today about taxes paid by the oil and natural gas industry are incorrect, said Stephen Comstock.

Marlink VSAT services chosen for complete Van Oord fleet.