Drilling & production

The adjustments to Ecopetrol's 2016 Investment Plan are part of the measures taken to navigate the low crude oil price environment.

The successful recompletion of well GY-671 is the first of at least six candidate wells to be targeted to boost production.

Suncor has agreed to acquire a further position in Syncrude, purchasing the 5% interest, effective April 2016.

Falcon Oil & Gas Ltd has provided the following technical and operational update for its operations in the Beetaloo Basin, Australia.

Aker Solutions has provided a summary of their financial highlights for the first quarter of 2016.

Technip has announced the signing of a 4 yr extension of its 5 yr initial contract with Petrobras S.A. for its Flexible Pipes Logistic Base.

Canada's National Energy Board (NEB) projects that both Canada's natural gas production and its domestic natural gas consumption will increase through the next decade.

Current predictions are that a global oil supply shortfall of 4.5 million bpd could be possible by 2035 if exploration results do not improve.

The company is expanding into Kazakhstan with its reaming drillable turbine technology.

Trelleborg receives API verification for pipe bend technology.

Statoil has reported adjusted earnings of US$857 million in the first quarter of 2016.

The contract will focus on the supply and rental of Liner Hanger products and services.

Both gross margins and earnings per share results exceeded have exceeded the company's expectations for the quarter.

The first-of-its-kind partnership agreement aims to strengthen the performance of the Iraqi energy sector.

The results show that BP is approaching its near-term goal of rebalancing its cash flows and maintaining a strong operational performance.