Drilling & production - 26 July 2016

Douglas-Westwood’s (DW) World Oilfield Equipment Market Forecast shows 2016 spending will amount to just 42% of the 2014 peak.

Ali Faras, Kuwait Oil Company, Kuwait, demonstrates how wireless monitoring systems installed at wellheads improve operations, reduce field visits and improve HSE.

Maersk Fluid Technology will be present at SMM, on stand number A5.210, with examples of the company’s Blending-on-Board system.

Torchlight Energy Resources Inc. has announced that the Flying B Ranch #1 has been drilled to a total depth of 6470 ft.

OneSubsea has ordered the umbilical and accessories from Nexans to develop the Greater Enfield development off the coast of Exmouth, Western Australia.

According to GlobalData, output has been substantially boosted by Arctic projects.

Golar LNG and Schlumberger have announced the creation of OneLNG, a joint venture to rapidly develop low cost gas reserves to LNG.

The Norwegian Petroleum Directorate has granted Statoil Petroleum ASA a drilling permit for well 6407/7-9 S, cf. Section 8 of the Resource Management Regulations.

Zargon Oil & Gas Ltd has entered into a definitive agreement for the sale of all of its Southeast Saskatchewan assets.

Contract covers supply of mooring solutions for phase 2 development of Pengerang Independent Deepwater Petroleum Terminal

Compared with a year earlier, the underlying second quarter result was impacted by lower oil and gas prices, and significantly lower refining margins.