Drilling & production

International Western Petroleum Inc. (IWP) has reported that the company has completed the 6-well drilling programme of the Bend Arch Lion 1B project.

Gunvor Group has completed the sale of the Novorossiysk Fuel Oil Terminal to a subsidiary of OJSC Transneft.

The contract is to support Fairfield Energy in its North Sea well plugging and abandonment campaign.

The service has been developed in light of significant market challenges in the upstream oil and gas market.

Ecopetrol Group has announced its results for the 4Q15 and the year ended 31 December 2015.

Pemex has been cutting spending in order to adjust their budget to an oil price of US$25 per barrel.

Review of inaugural business breakfast event.

Company named P&A Pioneer at the DecomWorld Awards 2016.

Exploration well 16/4-10 is located on the southern flank of the Utsira High in the North Sea and is dry.

The contract for the chartering of the mobile rig COSLInnovator will not have impact on the long term production on the Troll field.

Empire Oil and Gas has announced that completion and testing plans for Empire’s recent gas discovery at RGN-1 in EP 389 are progressing.

The first export shipment of LNG produced in the Lower 48 states on 24 February is a milestone, reflecting a decade of natural gas production growth.

Buru Energy flows oil and water from upper zone in the Ungani Far West 1 well.

The company has announced that Warro-5 has started natural flow.

Petrofac has launched a new online training course, approved by the Department of Energy and Climate Change (DECC), to address oil spill preparedness.