Drilling & production - 27 April 2016

Technip has announced the signing of a 4 yr extension of its 5 yr initial contract with Petrobras S.A. for its Flexible Pipes Logistic Base.

Canada's National Energy Board (NEB) projects that both Canada's natural gas production and its domestic natural gas consumption will increase through the next decade.

Current predictions are that a global oil supply shortfall of 4.5 million bpd could be possible by 2035 if exploration results do not improve.

The company is expanding into Kazakhstan with its reaming drillable turbine technology.

Trelleborg receives API verification for pipe bend technology.

Statoil has reported adjusted earnings of US$857 million in the first quarter of 2016.

The contract will focus on the supply and rental of Liner Hanger products and services.