Drilling & production - 29 January 2016

The NEB has released its latest report, entitled ‘Canada’s Energy Future 2016: Energy Supply and Demand Projections to 2040’.

Russian Energy Minister Alexander Novak confirmed Russia’s readiness to meet with producers to discuss oil production.

Cameron reported fully diluted earnings per share of US$1.08 for 4Q15, compared to US$1.34 for the same period in 2014.

ESAI Energy LLC reports on possible Russian reaction to continued downturn.

The budget shows a 26% decrease in US capital expenditure.

Restructuring will align company with oil and gas sector’s new reality and increase oversight of executives’ decisions.

Lundin Petroleum AB has announced that its wholly owned subsidiary, Lundin Malaysia BV, has commenced drilling of the Maligan exploration well in Block SB307/SB308, offshore East Malaysia.