Drilling & production - 29 July 2014

Business Monitor International has released a new report on the Saudi Arabian oil and gas market to 2023.

Saipem recorded revenues of €3.075 billion and a net profit of €75 million in the second quarter of 2014 (ended 30 June).

The US EIA explains that as cash flow has flattened, major oil companies have increased their debts and sold assets.

Woodside Petroleum has selected 8over8’s ProCon Platform to enhance the management of its contracts.

David Goldwyn of the Brookings Institute explains how the US can act to defend against today’s energy and security challenges.

National Oilwell Varco (NOV) has announced second quarter 2014 earnings.

BASF has announced increased earnings in the second quarter due to higher volumes.

The revisions to the Alberta EOR royalty program will have a positive impact on the economics of Zaragon’s Little Bow project.

The deals are expected to be completed by 29 February 2016.

Cameron Madgwick has been appointed as the Petroleum Exploration and Production Association’s new Chief Executive Officer.

A new international occupational health and safety management systems standard is currently under development.

Once the reservoirs have been filled, oil will be supplied into Iraq's main pipeline system.

BP has warned that further sanctions on Russia could have an adverse effect on the company’s finances and operations.

Cambridge MP Julian Huppert officially opened the new centre on 28 July.

Dave Oliver Hydrographic Services has unveiled an album of anniversary postcards, showcasing 25 global offshore projects for which it has recruited personnel.

The deal will cover subsea systems and training support.

A look at the oil and gas sector in Algeria with the US Energy Information Administration.

Preliminary production figures for June 2014 indicate an average production of 1.7 million bpd of oil, NGL and condensate.

BP has announced its financial results for Q2 2014.