Drilling & production

Under the agreement, the two sides will reinforce cooperation in oil and gas exploration and production, and natural gas processing and marketing.

Woodside has reported an increase in its best estimate contingent resource (2C) by 83 million boe to 4481 million boe following the announcement of two gas discoveries offshore Myanmar.

Oil Search Ltd and Total SA have announced that they have entered into an exclusive Memorandum of Understanding.

Aibel and Reach Subsea has entered into a formal cooperation agreement for projects within subsea oil and gas industries.

SpeedCast expands oilfield service provider network connections to multiple sites in UAE and Oman.

The highlights show that production is up 39% on 2015 Kraken and Scolty/Crathes are continuing on schedule delivering targeted capex and opex reductions.

According to APPEA, there is an urgent need to address the decline in Queensland exploration experienced over recent years.

The user-friendly course is to raise awareness of well control amongst those working in the global oil and gas industry.

Forum Energy Technologies Inc. announced the promotion of Prady Iyyanki to the office of President and Chief Operating Officer.

WFS Technologies, Focus Subsea and Aquip Systems are to demonstrate the Seatooth wirelessly enabled products at iTech’s test tank facilities.

Petronas has recorded a group pre-tax profit of RM6.8 billion for 1Q16, 60% lower than the RM17.0 billion posted in 1Q15.

The Norwegian Petroleum Directorate has granted Tullow Oil Norge AS a drilling permit for wellbore 16/5-6.

The Sri Trang-1 exploration well in the Northern Gulf of Thailand has been spudded.

The Economist Intelligence Unit has announced that it maintains its forecast that Brent will average US$40/bbl in 2016.

The Norwegian Petroleum Directorate has granted a drilling permit for well 30/4-3 S in production licence 040/043.