Drilling & production

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

The company has announced the successful drilling and testing of the Jacana 4 development well in the Jacana oilfield.

Entries are now being accepted for innovators in multiple categories like Health & Safety and Environmental Stewardship. Deadline for submission is September 14, 2016.

Schlumberger has announced its results for the second-quarter 2016.

The six-acre facility in Bryan, Texas, brings the Syntech product line closer to clients in the oil and gas industry and has the capacity to support future growth.

SapuraKencana Petroleum Berhad's wholly-owned subsidiary, SapuraKencana Mexicana S.A.P.I. de C.V., has been awarded a contract with a value of approximately US$113 million.

LWP will receive an initial payment of US$900 000, with the remaining US$5.1 million invested in a sharing agreement to be received over the next 18 months.

UK-based Lanstead Capital LP is set to become a cornerstone investor in LWP, subject to shareholder approval at upcoming EGM.

Worth in excess of US$17 million over three years, the contracts will see Expro work on ONGC’s assets throughout western and eastern areas of India.

ITF General Secretary, Steve Cotton, has spoken out in support of the RMT and Unite offshore workers taking industrial action in the North Sea.

Falcon Oil & Gas Ltd. has announced the successful re-entry and casing of Amungee NW-1H horizontal well and the spudding of the Beetaloo W-1 vertical well in the Beetaloo Basin, Australia.

Increasing the production of US oil and natural gas resources is vital to the nation’s economic and national security, and that of its allies, according to the API.

Hexion’s Oilfield Technology Group has announced the release of new resin coated proppants that are produced in Canada.

Primary energy consumption fell slightly in 2015, as a decline in coal use exceeded increases in natural gas, petroleum and renewables use.

According to the US EIA, Higher and more stable crude oil prices are contributing to increased drilling in the United States.