Drilling & production

Chevron Corporation reported a loss of US$588 million for 4Q15, compared with earnings of US$3.5 billion in 4Q14.

EnerMech will use Parker products for client requirements in hydraulics, pneumatics, filtration and instrumentation.

The sale will help fund further development of the Moftinu gas discovery in Romania.

Aimed at individuals required to control HV/LV generation and distribution systems.

Also announced was the development of a pilot programme with BP and Partnership with Paradigm.

GE makes an announcement of more than US$700 million in innovative customer agreements.

Oman’s oil and gas market is experiencing major changes in terms of new project development, consumption patterns and market scenarios amidst rapidly shifting global dynamics.

Statoil Uruguay B.V. (Statoil) has agreed with Total E&P Uruguay B.V. (Total) to acquire 15% working interest in offshore exploration block 14 in Uruguay.

The NEB has released its latest report, entitled ‘Canada’s Energy Future 2016: Energy Supply and Demand Projections to 2040’.

Russian Energy Minister Alexander Novak confirmed Russia’s readiness to meet with producers to discuss oil production.

Cameron reported fully diluted earnings per share of US$1.08 for 4Q15, compared to US$1.34 for the same period in 2014.

ESAI Energy LLC reports on possible Russian reaction to continued downturn.

The budget shows a 26% decrease in US capital expenditure.

Restructuring will align company with oil and gas sector’s new reality and increase oversight of executives’ decisions.

Lundin Petroleum AB has announced that its wholly owned subsidiary, Lundin Malaysia BV, has commenced drilling of the Maligan exploration well in Block SB307/SB308, offshore East Malaysia.