Drilling & production

The company's results for the first quarter of 2016 show improved sales and increased profitability.

Premier Oil has announced that following receipt of all necessary approvals, the acquisition of the UK North Sea assets from E.ON has now completed.

In the port of Ostend, Her Majesty the Queen of Belgium baptised has the new offshore installation vessel of Jan De Nul Group.

Though domestic oil demand is expected to keep falling to 3.1 million bpd in 2017, production growth will increase from 2.5 million bpd last year to 3.4 million bpd in 2021.

Peterson has secured a long-term logistics contract with TAQA, for integrated supply base and logistics operations.

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.