Drilling & production

Africa Oil Corp. has reported that an independent assessment of the Company's Contingent Resources in the South Lokichar Basin located in Blocks 10BB and 13T in Kenya has been completed.

Kosmos Energy has announced that its Teranga-1 exploration well offshore Senegal has made a significant gas discovery.

The latest figures show that rig counts are down from March 2016.

Survey of America's oil and gas industry at OTC Houston in Texas reveals ‘adoption of new technologies’ as the critical business issue in the next 18 months.

Wood Group has secured two new, 3 yr contracts, together valued at over US$140 million.

Fluor’s Energy, Chemicals & Mining segment reported segment profit of US$182 million in the first quarter of 2016.

A team led by AJ Jain, Harkand North America Managing Director, has agreed to a management buyout of Harkand’s North American and African business.

The EIA has found that in 2015 US oil imports had a higher API gravity than domestically produced crude.

Baker Hughes Inc. has announced that the international rig count for April 2016 was 946, a decrease of 39 from the 985 counted in March 2016.

A new oilfield drilling technology firm, Extreme Rock Destruction, has been announced in Texas, USA.

According to the report, global exploration drilling is expected to be down 73% on 2014 with oil discoveries at decade low.

These projects combined are a substantial brownfield award for McDermott and have a total scope, which includes the EPCI for jackets and topsides, subsea pipelines and subsea cables.

Kearl workforce levels have been reduced to essential staff only in response to the fires in the Regional Municipality of Wood Buffalo.

US demand for corrosion inhibitors is forecast to rise 3.1%/y to US$2.8 billion in 2020, while volume will approach 1.7 billion lbs.

WE Limited (ASX: AWE) has announced that it has entered into an agreement to sell its 42.5% interest in the Bulu PSC.